CBRS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0294%/8h= −32.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.009%

Price spread now: Polymarket Perps against Extended−0.002%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.105%+$10 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.002%, 7d avg −0.041%

Together, before fees+0.031%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.039% dearer against Extended than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.041%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 5 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.105% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CBRS_24_5-USD	209.43	0.0344	pay 0.0043% / 1h	15m 52s	$44K	$271K	10x
Short	Polymarket Perps CBRS-USD	209.43	0.0050	get 0.0006% / 1h	15m 52s	$53K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Polymarket PerpsbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$61.74
Price spread: −0.002% → −0.041%: $3.92
Slippage, 4 orders: −$35.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$106.73
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; Polymarket Perps: live order book, 2 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, 51 min ago	2.38 bp	15.8 bp −$16	124.5 bp −$1,245	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.34 bp	7.7 bp −$8	8.0 bp −$80	11.1 bp −$1,106	doesn't fit

CBRS on 25 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	−0.0833%	4h	209.22	−0.101%	$24K	$220K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0123%	1h	209.23	−0.098%	$42.9M	$3.5M	10x	as long as short
Coinbase International CBRS-PERP-INTX	−0.0040%	1h	208.44	−0.475%	$114K	$114K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.46	+0.012%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.43	−0.002%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.44	+0.003%	$2.4M	$2.8M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	209.21	−0.105%	$795	$206K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.88	+0.213%	$1K	$3.0M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	209.59	+0.074%	$9K	$9K	20x	as long as short
Vest CBRS-USD-PERP	+0.0019%	1h	209.19	−0.117%	—	$94K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CBRS	+0.0032%	1h	209.29	−0.069%	$90K	$850K	10x	as long as short
QFEX CBRS-USD	+0.0038%	1h	209.42	−0.007%	$1.1M	$3.3M	10x	as long as short
Phoenix CBRS	+0.0038%	1h	209.13	−0.145%	$1K	$109K	10x	as long as short
Polymarket Perps CBRS-USDshort	+0.0050%	1h	209.43	−0.002%	$53K	$1.1M	10x
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.48	+0.022%	$340K	$741K	10x	as long as short
Gate CBRS_USDT	+0.0065%	8h	209.50	+0.031%	$2.9M	$3.0M	50x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.43	−0.002%	$115K	$120K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.30	−0.064%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.45	+0.007%	$860	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.49	+0.028%	$243	—	10x	as long as short
Bybit CBRSUSDT	+0.0116%	8h	209.59	+0.074%	$2.1M	$1.9M	25x	as long as short
Variational Omni CBRS	+0.0316%	8h	209.46	+0.010%	$423K	$124K	—	as long as short
Extended CBRS_24_5-USDlong	+0.0344%	1h	209.43	long leg	$44K	$271K	10x
Binance CBRSUSDT	+0.0345%	8h	209.54	+0.052%	$10.3M	$29.5M	25x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0514%	1h	209.47	+0.017%	$12K	$5K	10x	as long as short