Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.074%

Price spread now: Coinbase International against HTX−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.048% cheaper against HTX than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CBRS-USDT	208.34	0	get 0.0000% / 8h	3h 30m	$9K	$6K	20x
Short	Coinbase International CBRS-PERP-INTX	208.24	0.0096	get 0.0012% / 1h	30m 59s	$113K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.048%Rate

Funding earned: $20.16
Price spread: −0.048% → 0.000%: −$4.8
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.64
Costs to cover: 0.220%
Break-even: 9.3 days

Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 17 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 17 min ago	4.32 bp	11.7 bp −$12	19.6 bp −$196	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit CBRS_USDC-PERPETUAL	−0.0278%	1h	208.13	−0.101%	$12K	$51K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0084%	1h	207.96	−0.182%	$42.6M	$3.6M	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	208.25	−0.043%	$65K	$147K	20x	as long as short
Extended CBRS_24_5-USD	0.0000%	1h	208.16	−0.084%	$42K	$246K	10x	as long as short
Binance CBRSUSDT	0.0000%	8h	208.18	−0.075%	$10.2M	$30.4M	25x	as long as short
Bybit CBRSUSDT	0.0000%	8h	208.25	−0.043%	$2.0M	$1.9M	25x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	208.15	−0.091%	$2.2M	$3.6M	25x	as long as short
Gate CBRS_USDT	0.0000%	8h	208.20	−0.067%	$2.9M	$3.2M	50x	as long as short
Bitget CBRSUSDT	0.0000%	8h	208.17	−0.082%	$2.4M	$2.9M	20x	as long as short
Variational Omni CBRS	0.0000%	8h	208.06	−0.135%	$415K	$316K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CBRS_USDT_Perp	0.0000%	8h	208.15	−0.091%	$591	$243K	10x	as long as short
Phoenix CBRS	0.0000%	1h	207.91	−0.206%	$1K	$112K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	208.42	+0.038%	$1K	$3.4M	10x	as long as short
HTX CBRS-USDTlong	0.0000%	8h	208.34	long leg	$9K	$6K	20x
QFEX CBRS-USD	+0.0008%	1h	208.13	−0.101%	$1.1M	$2.8M	10x	as long as short
BloFin CBRS-USDT	+0.0022%	8h	208.16	−0.086%	$147K	$69K	20x	as long as short
Vest CBRS-USD-PERP	+0.0024%	1h	207.96	−0.182%	—	$89K	10x	as long as short
Lighter CBRS	+0.0032%	1h	208.16	−0.086%	$90K	$903K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	208.03	−0.149%	$25K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	208.11	−0.110%	$335K	$886K	10x	as long as short
Coinbase International CBRS-PERP-INTXshort	+0.0096%	1h	208.24	−0.048%	$113K	$114K	10x
edgeX CBRSUSDC	+0.0097%	4h	208.16	−0.084%	$23K	$220K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	208.23	−0.053%	$142K	$98K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	207.92	−0.202%	$25K	$135K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	208.15	−0.091%	$855	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	208.17	−0.082%	$241	—	10x	as long as short