Funding you earn now, next payment 10:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.032%
Price spread now: Phoenix against KuCoin−0.115%78s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$574as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5455.453% of the position
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.115%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phoenix is 0.083% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CBRSUSDTM | 207.81 | 0.0100 | pay 0.0100% / 8h | 5h 44m | $113K | $269K | 20x |
| Short | Phoenix CBRS | 207.57 | −0.0116 | pay 0.0014% / 1h | 44m 12s | $1K | $109K | 10x |
KuCoin CBRSUSDTM
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$45.34
- Price spread: −0.115% → −0.033%
- −$8.27
- Slippage, 4 orders
- −$526.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$598.95
- Costs to cover
- 5.453%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 58 min ago; Phoenix: live order book, 60 min ago.
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 KuCoin live order book, 58 min ago | 9.23 bp | 188.8 bp −$189 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 60 min ago | 15.55 bp | 65.6 bp −$66 | 227.4 bp −$2,274 | doesn't fit | doesn't fit |
CBRS on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | −0.0376% | 1h | 207.61 | −0.096% | $12K | $5K | 10x | as long as short |
| edgeX CBRSUSDC | −0.0289% | 4h | 207.95 | +0.068% | $23K | $222K | 10x | as long as short |
| Phoenix CBRSshort | −0.0116% | 1h | 207.57 | −0.115% | $1K | $109K | 10x | |
| QFEX CBRS-USD | −0.0009% | 1h | 207.78 | −0.014% | $1.1M | $3.0M | 10x | as long as short |
| tradeXYZ xyz:CBRS | 0.0000% | 1h | 207.55 | −0.125% | $42.6M | $4.1M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.74 | −0.032% | $66K | $149K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 207.67 | −0.067% | $2.1M | $2.2M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.63 | −0.087% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 207.61 | −0.096% | $2.3M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.86 | +0.024% | $1K | $2.5M | 10x | as long as short |
Deribit CBRS_USDC-PERPETUAL
edgeX CBRSUSDC
QFEX CBRS-USD
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | +0.0006% | 8h | 207.66 | −0.072% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.06 | +0.120% | — | $106K | 10x | as long as short |
| Variational Omni CBRS | +0.0031% | 8h | 207.65 | −0.076% | $399K | $101K | — | as long as short |
| Lighter CBRS | +0.0032% | 1h | 207.58 | −0.111% | $90K | $1.2M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 207.70 | −0.053% | $51K | $464K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 207.44 | −0.178% | $329K | $729K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0080% | 1h | 207.61 | −0.097% | $44K | $381K | 10x | as long as short |
| Binance CBRSUSDT | +0.0082% | 8h | 207.57 | −0.117% | $10.2M | $33.0M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0087% | 8h | 207.55 | −0.125% | $149K | $74K | 20x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.64 | −0.082% | $821 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTMlong | +0.0100% | 8h | 207.81 | long leg | $113K | $269K | 20x | |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.05 | +0.115% | $24K | $139K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.64 | −0.084% | $241 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0312% | 8h | 207.70 | −0.053% | $2.9M | $3.3M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0320% | 1h | 210.27 | +1.184% | $115K | $107K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0609% | 8h | 208.03 | +0.106% | $974 | $230K | 10x | as long as short |
HTX CBRS-USDT
Vest CBRS-USD-PERP
Variational Omni CBRS
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
Orderly PERP_CBRS_USDC_mythos
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
GRVT CBRS_USDT_Perp