Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.041%

Price spread now: tradeXYZ against HTX−0.115%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.115% cheaper against HTX than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 14 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	209.51	0	get 0.0000% / 8h	5h 23m	$9K	$9K	20x
Short	tradeXYZ xyz:CBRS	209.27	0.0027	get 0.0003% / 1h	23m 49s	$42.9M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.115%Rate

Funding earned: $5.68
Price spread: −0.115% → 0.000%: −$11.46
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$35.78
Costs to cover: 0.300%
Break-even: 51.1 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	1.20 bp	13.7 bp −$14	doesn't fit	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
Coinbase International CBRS-PERP-INTX	−0.0056%	1h	208.44	−0.511%	$114K	$114K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.43	−0.038%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.55	+0.019%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.44	−0.033%	$2.4M	$2.7M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	209.44	−0.034%	$884	$204K	10x	as long as short
Phoenix CBRS	0.0000%	1h	209.30	−0.100%	$1K	$108K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.77	+0.124%	$889	$3.0M	10x	as long as short
HTX CBRS-USDTlong	0.0000%	8h	209.51	long leg	$9K	$9K	20x
Vest CBRS-USD-PERP	+0.0021%	1h	209.07	−0.210%	—	$94K	10x	as long as short
tradeXYZ xyz:CBRSshort	+0.0027%	1h	209.27	−0.115%	$42.9M	$3.5M	10x

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	−0.100%	$90K	$831K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.44	−0.033%	$55K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.43	−0.038%	$339K	$733K	10x	as long as short
QFEX CBRS-USD	+0.0051%	1h	209.42	−0.043%	$1.1M	$3.4M	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.35	−0.076%	$114K	$118K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.48	−0.014%	$25K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.47	−0.019%	$860	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.49	−0.011%	$243	—	10x	as long as short
Bybit CBRSUSDT	+0.0136%	8h	209.47	−0.019%	$2.1M	$1.9M	25x	as long as short
Variational Omni CBRS	+0.0201%	8h	209.48	−0.013%	$423K	$112K	—	as long as short
Gate CBRS_USDT	+0.0214%	8h	209.60	+0.043%	$2.9M	$3.0M	50x	as long as short
BloFin CBRS-USDT	+0.0228%	8h	209.55	+0.019%	$105K	$69K	20x	as long as short
Extended CBRS_24_5-USD	+0.0248%	1h	209.47	−0.017%	$44K	$266K	10x	as long as short
Binance CBRSUSDT	+0.0249%	8h	209.53	+0.009%	$10.3M	$29.4M	25x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0706%	1h	209.47	−0.019%	$12K	$5K	10x	as long as short
edgeX CBRSUSDC	+0.0898%	4h	209.39	−0.059%	$24K	$219K	10x	as long as short