Funding you earn now, next payment 00:00 UTC+0.0318%/8h= +34.8% APRpaid last 24h +0.026%
Price spread now: Binance against Lighter−0.054%7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 2 days (all we have)+0.109%+$11 · spread now −0.054%, 7d avg +0.077%
=Together, before fees+0.208%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.131% cheaper against Lighter than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.077%). If the spread goes back, that is −$13 on $10k: about 33 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.099% in total) that is about 9.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CBRS | 209.48 | 0.0144 | pay 0.0018% / 1h | 39m 34s | $90K | $867K | 10x |
| Short | Binance CBRSUSDT | 209.37 | 0.0462 | get 0.0462% / 8h | 39m 34s | $10.3M | $30.0M | 25x |
Lighter CBRS
Binance CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $66.74
- Price spread: −0.054% → +0.077%
- −$13.15
- Slippage, 4 orders
- −$20.89
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $22.7
- Costs to cover
- 0.309%
- Break-even
- 4.6 days
Slippage from Lighter: live order book, 36 min ago; Binance: live order book, 2 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 Lighter live order book, 36 min ago | 0.48 bp | 6.7 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.24 bp | 9.0 bp −$9 | 27.7 bp −$277 | 104.5 bp −$10.4K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.27 | −0.101% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.47 | −0.005% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.44 | −0.019% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.37 | −0.053% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.36 | −0.057% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.61 | +0.062% | $1K | $3.3M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.36 | −0.057% | $12K | $4K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.44 | −0.019% | $9K | $6K | 20x | as long as short |
| tradeXYZ xyz:CBRS | +0.0005% | 1h | 209.18 | −0.143% | $42.8M | $3.5M | 10x | as long as short |
| Gate CBRS_USDT | +0.0006% | 8h | 209.50 | +0.010% | $2.9M | $3.0M | 50x | as long as short |
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
tradeXYZ xyz:CBRS
Gate CBRS_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.496% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 208.95 | −0.253% | — | $94K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.28 | −0.095% | $1.1M | $3.4M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.20 | −0.134% | $48K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.28 | −0.095% | $347K | $914K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.18 | −0.143% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.08 | −0.191% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.34 | −0.067% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.35 | −0.062% | $243 | — | 10x | as long as short |
| Lighter CBRSlong | +0.0144% | 1h | 209.48 | long leg | $90K | $867K | 10x | |
| Variational Omni CBRS | +0.0420% | 8h | 209.38 | −0.046% | $423K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0456% | 1h | 209.33 | −0.073% | $43K | $246K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0458% | 8h | 209.45 | −0.014% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDTshort | +0.0462% | 8h | 209.37 | −0.054% | $10.3M | $30.0M | 25x | |
| GRVT CBRS_USDT_Perp | +0.0567% | 8h | 209.42 | −0.029% | $599 | $224K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0883% | 4h | 209.35 | −0.062% | $24K | $221K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERP
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Extended CBRS_24_5-USD
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC