Funding you earn now, next payment 01:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h +0.028%
Price spread now: Extended against Lighter−0.011%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.011%, 7d avg +0.059%
=Together, before fees+0.123%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.070% cheaper against Lighter than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.059%). If the spread goes back, that is −$7 on $10k: about 13 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.070% in total) that is about 7.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 per $10,000. 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 | 210.00 | 0.0032 | pay 0.0004% / 1h | 24m 27s | $91K | $859K | 10x |
| Short | Extended CBRS_24_5-USD | 209.98 | 0.0464 | get 0.0058% / 1h | 24m 27s | $45K | $266K | 10x |
Lighter CBRS
Extended CBRS_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $90.72
- Price spread: −0.011% → +0.059%
- −$6.97
- Slippage, 4 orders
- −$43.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $35.2
- Costs to cover
- 0.486%
- Break-even
- 4.3 days
Slippage from Lighter: live order book, 46 min ago; Extended: live order book, 48 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, 46 min ago | 0.72 bp | 8.7 bp −$9 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Extended live order book, 48 min ago | 2.87 bp | 16.4 bp −$16 | 198.5 bp −$1,985 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0448% | 4h | 210.33 | +0.159% | $24K | $221K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.14 | +0.065% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 210.08 | +0.038% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.00 | 0.000% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.10 | +0.048% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.98 | −0.010% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.34 | +0.163% | $219 | $213K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.47 | +0.224% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.39 | +0.186% | $9K | $9K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.743% | $114K | $114K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTXShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0030% | 1h | 209.72 | −0.133% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 209.90 | −0.048% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRSlong | +0.0032% | 1h | 210.00 | long leg | $91K | $859K | 10x | |
| Phoenix CBRS | +0.0038% | 1h | 210.23 | +0.110% | $1K | $111K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0047% | 1h | 209.85 | −0.071% | $43.0M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.80 | −0.095% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.34 | +0.162% | $343K | $926K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.00 | 0.000% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 210.12 | +0.057% | $25K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.99 | −0.005% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.99 | −0.007% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0131% | 1h | 210.28 | +0.133% | $12K | $5K | 10x | as long as short |
| Variational Omni CBRS | +0.0429% | 8h | 210.25 | +0.117% | $425K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0449% | 8h | 210.16 | +0.076% | $147K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0458% | 8h | 209.97 | −0.016% | $10.3M | $29.8M | 25x | as long as short |
| Extended CBRS_24_5-USDshort | +0.0464% | 1h | 209.98 | −0.011% | $45K | $266K | 10x |
Vest CBRS-USD-PERP
QFEX CBRS-USD
Phoenix CBRS
tradeXYZ xyz:CBRS
Polymarket Perps 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
BloFin CBRS-USDT
Binance CBRSUSDT