Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0254%/8h= +27.8% APRnext payment +$2.54 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin+0.019%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$417as in the Funding arb table
Net, price: spread back to 7d avg − costs−$401as in the Price arb table
costs, in and out, $10k−$4024.018% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.155%−$15 on $10k
Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.019%, 7d avg +0.013%
Together, before fees−0.201%−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CBRSUSDTM207.370.0100pay 0.0100% / 8h3h 13m$115K$112K20x
ShortBybit CBRSUSDT207.410.0354get 0.0354% / 8h3h 13m$2.1M$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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

Funding earned
$53.41
Price spread: +0.019% → +0.013%
$0.63
Slippage, 4 orders
−$378.75
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$347.72
Costs to cover
4.018%
Break-even
52.6 days
Slippage from KuCoin: live order book, 50 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 50 min ago11.92 bp213.3 bp −$213doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago3.13 bp18.3 bp −$18123.8 bp −$1,238doesn't fitdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CBRSUSDC−0.0682%4h207.33−0.021%$23K$221K10xas long as short
tradeXYZ xyz:CBRS−0.0342%1h206.99−0.183%$42.3M$3.7M10xas long as short
Bitget CBRSUSDT−0.0036%8h207.47+0.048%$2.4M$2.4M20xas long as short
Aster CBRSUSDT0.0000%8h207.24−0.064%$65K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h207.44+0.034%$2.2M$3.5M25xas long as short
SunX CBRS-USDT0.0000%8h207.66+0.140%$1K$2.9M10xas long as short
HTX CBRS-USDT0.0000%8h207.370.000%$9K$10K20xas long as short
Vest CBRS-USD-PERP+0.0017%1h207.02−0.169%$101K10xas long as short
Lighter CBRS+0.0032%1h207.26−0.053%$89K$864K10xas long as short
Phoenix CBRS+0.0038%1h207.23−0.068%$1K$108K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps CBRS-USD+0.0050%1h207.11−0.125%$51K$1.1M10xas long as short
QFEX CBRS-USD+0.0063%1h207.29−0.039%$1.1M$3.1M10xas long as short
Variational Omni CBRS+0.0065%8h207.38+0.004%$418K$82Kas long as short
Ondo Perps CBRS-USD.P+0.0071%1h207.32−0.024%$336K$719K10xas long as short
GRVT CBRS_USDT_Perp+0.0073%8h207.31−0.029%$1K$212K10xas long as short
KuCoin CBRSUSDTMlong+0.0100%8h207.37long leg$115K$112K20x
ApeX Omni CBRSUSDT+0.0100%1h207.370.000%$24K$140K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h207.29−0.039%$820$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h207.32−0.026%$24010xas long as short
Binance CBRSUSDT+0.0135%8h207.36−0.005%$10.1M$29.7M25xas long as short
Extended CBRS_24_5-USD+0.0136%1h207.31−0.029%$48K$258K10xas long as short
BloFin CBRS-USDT+0.0150%8h207.42+0.024%$147K$69K20xas long as short
Coinbase International CBRS-PERP-INTX+0.0288%1h210.27+1.398%$115K$116K10xas long as short
Bybit CBRSUSDTshort+0.0354%8h207.41+0.019%$2.1M$2.0M25x
Gate CBRS_USDT+0.0356%8h207.50+0.063%$2.8M$2.9M50xas long as short
Deribit CBRS_USDC-PERPETUAL+0.1344%1h207.35−0.010%$12K$5K10xas long as short