Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.001%

Price spread now: Phoenix against HTX−0.170%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 Phoenix

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. Phoenix is 0.170% cheaper against HTX than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CBRS-USDT	205.79	0	get 0.0000% / 8h	1h 24m	$9K	$10K	20x
Short	Phoenix CBRS	205.44	0.0039	get 0.0005% / 1h	24m 51s	$1K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.170%Rate

Funding earned: $8.14
Price spread: −0.170% → 0.000%: −$17.01
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$27.86
Costs to cover: 0.190%
Break-even: 31.0 days

Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 10 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 Phoenix live order book, 10 min ago	10.22 bp	40.3 bp −$40	102.0 bp −$1,020	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	−0.0652%	8h	205.98	+0.092%	$2.4M	$2.5M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0205%	1h	205.73	−0.029%	$42.1M	$4.0M	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	206.04	+0.122%	$65K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	206.10	+0.151%	$2.2M	$3.4M	25x	as long as short
SunX CBRS-USDT	0.0000%	8h	206.22	+0.209%	$2K	$2.8M	10x	as long as short
HTX CBRS-USDTlong	0.0000%	8h	205.79	long leg	$9K	$10K	20x
Vest CBRS-USD-PERP	+0.0020%	1h	205.51	−0.136%	—	$108K	10x	as long as short
Lighter CBRS	+0.0032%	1h	205.81	+0.010%	$91K	$896K	10x	as long as short
Phoenix CBRSshort	+0.0039%	1h	205.44	−0.170%	$1K	$108K	10x
Polymarket Perps CBRS-USD	+0.0050%	1h	205.67	−0.058%	$50K	$1.1M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CBRS-USD.P	+0.0050%	1h	205.79	0.000%	$335K	$717K	10x	as long as short
QFEX CBRS-USD	+0.0080%	1h	205.85	+0.029%	$1.1M	$3.0M	10x	as long as short
Variational Omni CBRS	+0.0082%	8h	205.90	+0.053%	$401K	$101K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	205.85	+0.029%	$113K	$109K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	205.50	−0.141%	$24K	$138K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	205.91	+0.058%	$814	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	205.97	+0.087%	$239	—	10x	as long as short
Binance CBRSUSDT	+0.0140%	8h	205.93	+0.070%	$10.1M	$30.5M	25x	as long as short
Extended CBRS_24_5-USD	+0.0144%	1h	205.88	+0.042%	$46K	$391K	10x	as long as short
BloFin CBRS-USDT	+0.0163%	8h	205.97	+0.087%	$147K	$71K	20x	as long as short
GRVT CBRS_USDT_Perp	+0.0210%	8h	205.76	−0.013%	$514	$216K	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0236%	1h	205.92	+0.063%	$12K	$5K	10x	as long as short
Bybit CBRSUSDT	+0.0341%	8h	205.89	+0.049%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDT	+0.0379%	8h	206.10	+0.151%	$2.9M	$3.0M	50x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0600%	1h	210.27	+2.177%	$115K	$116K	10x	as long as short
edgeX CBRSUSDC	+0.0645%	4h	205.70	−0.042%	$23K	$220K	10x	as long as short