Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter against Extended+0.047%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.047%, 7d avg −0.057%
=Together, before fees−0.138%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.105% dearer against Extended than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.057%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.064% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CBRS_24_5-USD | 206.74 | 0.0136 | pay 0.0017% / 1h | 6m 32s | $45K | $312K | 10x |
| Short | Lighter CBRS | 206.84 | 0.0032 | get 0.0004% / 1h | 6m 32s | $89K | $870K | 10x |
Extended CBRS_24_5-USD
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.84
- Price spread: +0.047% → −0.057%
- $10.47
- Slippage, 4 orders
- −$38.89
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$55.26
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from Extended: live order book, 45 min ago; Lighter: live order book, 43 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 45 min ago | 2.87 bp | 16.4 bp −$16 | 151.7 bp −$1,517 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 43 min ago | 0.72 bp | 5.2 bp −$5 | 7.9 bp −$79 | doesn't fit | doesn't fit |
CBRS on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0500% | 4h | 206.59 | −0.074% | $23K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0348% | 1h | 206.69 | −0.025% | $42.3M | $3.8M | 10x | as long as short |
| Bitget CBRSUSDT | −0.0172% | 8h | 206.99 | +0.120% | $2.4M | $2.4M | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.73 | −0.008% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.05 | +0.149% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.08 | +0.163% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.67 | −0.035% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 206.58 | −0.079% | — | $103K | 10x | as long as short |
| Lighter CBRSshort | +0.0032% | 1h | 206.84 | +0.047% | $89K | $870K | 10x | |
| Phoenix CBRS | +0.0038% | 1h | 206.37 | −0.180% | $1K | $108K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Bitget CBRSUSDT
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Phoenix CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.73 | −0.006% | $51K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0052% | 1h | 206.73 | −0.006% | $336K | $713K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 206.68 | −0.030% | $1.1M | $3.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0065% | 8h | 206.56 | −0.087% | $417K | $81K | — | as long as short |
| GRVT CBRS_USDT_Perp | +0.0090% | 8h | 206.59 | −0.074% | $1K | $211K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.75 | +0.004% | $115K | $112K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.67 | −0.035% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.73 | −0.006% | $818 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.69 | −0.024% | $240 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0132% | 8h | 206.80 | +0.030% | $10.1M | $29.8M | 25x | as long as short |
| Extended CBRS_24_5-USDlong | +0.0136% | 1h | 206.74 | long leg | $45K | $312K | 10x | |
| BloFin CBRS-USDT | +0.0164% | 8h | 206.55 | −0.093% | $147K | $69K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +1.706% | $115K | $116K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0333% | 8h | 206.79 | +0.023% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0338% | 8h | 207.10 | +0.173% | $2.8M | $3.0M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0524% | 1h | 206.79 | +0.023% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
Variational Omni CBRS
GRVT CBRS_USDT_Perp
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
BloFin CBRS-USDT
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL