Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.010%

Price spread now: Lighter against HTX−0.227%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.227% cheaper against HTX than usual: you would sell low and buy high (spread −0.227% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 2.9 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CBRS-USDT	207.33	0	get 0.0000% / 8h	2h 46m	$9K	$10K	20x
Short	Lighter CBRS	206.86	0.0264	get 0.0033% / 1h	46m 22s	$90K	$868K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.227%Rate

Funding earned: $55.44
Price spread: −0.227% → 0.000%: −$22.67
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.77
Costs to cover: 0.120%
Break-even: 4.4 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 64 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 Lighter live order book, 64 min ago	0.72 bp	5.2 bp −$5	7.9 bp −$79	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
Bitget CBRSUSDT	−0.0306%	8h	207.07	−0.125%	$2.4M	$2.4M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0167%	1h	206.91	−0.203%	$42.3M	$3.9M	10x	as long as short
edgeX CBRSUSDC	−0.0166%	4h	207.21	−0.056%	$23K	$221K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	206.92	−0.196%	$65K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	207.14	−0.092%	$2.2M	$3.5M	25x	as long as short
Phoenix CBRS	0.0000%	1h	207.07	−0.125%	$1K	$108K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	207.55	+0.106%	$969	$2.9M	10x	as long as short
HTX CBRS-USDTlong	0.0000%	8h	207.33	long leg	$9K	$10K	20x
Vest CBRS-USD-PERP	+0.0015%	1h	206.59	−0.357%	—	$104K	10x	as long as short
QFEX CBRS-USD	+0.0024%	1h	207.04	−0.140%	$1.1M	$3.1M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CBRS-USD	+0.0050%	1h	206.92	−0.198%	$51K	$1.1M	10x	as long as short
Variational Omni CBRS	+0.0082%	8h	207.33	+0.002%	$403K	$91K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	206.87	−0.222%	$116K	$112K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	207.25	−0.039%	$24K	$140K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	206.87	−0.222%	$818	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	207.01	−0.152%	$240	—	10x	as long as short
BloFin CBRS-USDT	+0.0128%	8h	207.17	−0.077%	$147K	$70K	20x	as long as short
Extended CBRS_24_5-USD	+0.0144%	1h	206.94	−0.188%	$44K	$390K	10x	as long as short
Binance CBRSUSDT	+0.0145%	8h	206.99	−0.162%	$10.1M	$30.1M	25x	as long as short
GRVT CBRS_USDT_Perp	+0.0149%	8h	207.36	+0.017%	$1K	$213K	10x	as long as short
Lighter CBRSshort	+0.0264%	1h	206.86	−0.227%	$90K	$868K	10x
Ondo Perps CBRS-USD.P	+0.0280%	1h	207.13	−0.096%	$337K	$718K	10x	as long as short
Bybit CBRSUSDT	+0.0319%	8h	206.97	−0.174%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDT	+0.0356%	8h	207.20	−0.063%	$2.9M	$3.0M	50x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0464%	1h	210.27	+1.418%	$115K	$116K	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.1541%	1h	206.93	−0.193%	$12K	$5K	10x	as long as short