Funding you earn now, next payment 02:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.038%
Price spread now: Coinbase International against Lighter+0.129%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.245%+$24 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.129%, 7d avg −0.017%
=Together, before fees+0.071%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.145% dearer against Lighter than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.017%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CBRS | 210.00 | 0.0032 | pay 0.0004% / 1h | 2m 23s | $90K | $833K | 10x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | −0.0056 | pay 0.0007% / 1h | 2m 23s | $115K | $116K | 10x |
Lighter CBRS
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$18.48
- Price spread: +0.129% → −0.017%
- $14.51
- Slippage, 4 orders
- −$30.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$44.28
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 58 min ago; Coinbase International: 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 Lighter live order book, 58 min ago | 0.72 bp | 11.8 bp −$12 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 60 min ago | 5.02 bp | 11.4 bp −$11 | 18.9 bp −$189 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTXshort | −0.0056% | 1h | 210.27 | +0.129% | $115K | $116K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 210.13 | +0.060% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.24 | +0.114% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.11 | +0.052% | $2.4M | $2.7M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.95 | −0.024% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.29 | +0.138% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.28 | +0.133% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.70 | −0.143% | — | $94K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0023% | 8h | 210.23 | +0.110% | $511 | $205K | 10x | as long as short |
| Lighter CBRSlong | +0.0032% | 1h | 210.00 | long leg | $90K | $833K | 10x |
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
GRVT CBRS_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.88 | −0.057% | $43.0M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 210.06 | +0.029% | $54K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 210.06 | +0.029% | $1.1M | $3.2M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0080% | 1h | 210.12 | +0.057% | $341K | $734K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.04 | +0.019% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.98 | −0.010% | $25K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.12 | +0.057% | $863 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.17 | +0.080% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0179% | 1h | 210.11 | +0.052% | $12K | $5K | 10x | as long as short |
| Variational Omni CBRS | +0.0227% | 8h | 210.15 | +0.073% | $425K | $107K | — | as long as short |
| Binance CBRSUSDT | +0.0267% | 8h | 210.12 | +0.058% | $10.3M | $29.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0272% | 1h | 210.06 | +0.031% | $45K | $262K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0274% | 8h | 210.29 | +0.138% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0284% | 8h | 210.30 | +0.143% | $2.9M | $3.0M | 50x | as long as short |
| BloFin CBRS-USDT | +0.0284% | 8h | 210.07 | +0.033% | $105K | $69K | 20x | as long as short |
| edgeX CBRSUSDC | +0.0749% | 4h | 210.23 | +0.109% | $24K | $220K | 10x | as long as short |
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
Bybit CBRSUSDT
Gate CBRS_USDT
BloFin CBRS-USDT
edgeX CBRSUSDC