Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.007%

Price spread now: QFEX against HTX−0.143%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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. QFEX is 0.143% cheaper against HTX than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CBRS-USDT	209.64	0	get 0.0000% / 8h	5h 27m	$9K	$9K	20x
Short	QFEX CBRS-USD	209.34	0.0051	get 0.0006% / 1h	27m 34s	$1.1M	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $10.8
Price spread: −0.143% → 0.000%: −$14.31
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$25.51
Costs to cover: 0.220%
Break-even: 23.5 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago	0.95 bp	6.0 bp −$6	15.7 bp −$157	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
edgeX CBRSUSDC	−0.0587%	4h	209.43	−0.100%	$24K	$220K	10x	as long as short
Coinbase International CBRS-PERP-INTX	−0.0056%	1h	208.44	−0.572%	$114K	$114K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.43	−0.102%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.41	−0.110%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.44	−0.095%	$2.4M	$2.7M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	209.50	−0.068%	$884	$204K	10x	as long as short
Phoenix CBRS	0.0000%	1h	209.33	−0.148%	$1K	$108K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.70	+0.029%	$1K	$3.0M	10x	as long as short
HTX CBRS-USDTlong	0.0000%	8h	209.64	long leg	$9K	$9K	20x
Vest CBRS-USD-PERP	+0.0019%	1h	209.09	−0.262%	—	$94K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CBRS	+0.0032%	1h	209.30	−0.162%	$90K	$831K	10x	as long as short
tradeXYZ xyz:CBRS	+0.0050%	1h	209.31	−0.157%	$42.9M	$3.5M	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.38	−0.124%	$55K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.41	−0.110%	$339K	$733K	10x	as long as short
QFEX CBRS-USDshort	+0.0051%	1h	209.34	−0.143%	$1.1M	$3.4M	10x
KuCoin CBRSUSDTM	+0.0100%	8h	209.33	−0.148%	$114K	$118K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.37	−0.129%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.49	−0.072%	$860	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.46	−0.088%	$243	—	10x	as long as short
Bybit CBRSUSDT	+0.0131%	8h	209.47	−0.081%	$2.1M	$1.9M	25x	as long as short
Gate CBRS_USDT	+0.0209%	8h	209.60	−0.019%	$2.9M	$3.0M	50x	as long as short
Variational Omni CBRS	+0.0212%	8h	209.49	−0.071%	$423K	$113K	—	as long as short
Binance CBRSUSDT	+0.0252%	8h	209.39	−0.119%	$10.3M	$29.4M	25x	as long as short
Extended CBRS_24_5-USD	+0.0256%	1h	209.33	−0.148%	$44K	$266K	10x	as long as short
BloFin CBRS-USDT	+0.0276%	8h	209.52	−0.057%	$148K	$69K	20x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0419%	1h	209.41	−0.110%	$12K	$5K	10x	as long as short