Funding you earn now, next payment 03:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.051%
Price spread now: tradeXYZ against Lighter+0.010%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.010%, 7d avg −0.024%
=Together, before fees−0.360%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.034% dearer against Lighter than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.024%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.3 days. At the pace of the last 7 days (−0.286% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CBRS | 209.30 | 0.0032 | pay 0.0004% / 1h | 22m 45s | $90K | $831K | 10x |
| Short | tradeXYZ xyz:CBRS | 209.32 | 0.0017 | get 0.0002% / 1h | 22m 45s | $42.9M | $3.5M | 10x |
Lighter CBRS
tradeXYZ xyz:CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$3.24
- Price spread: +0.010% → −0.024%
- $3.38
- Slippage, 4 orders
- −$26.66
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$44.52
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 37 min ago; tradeXYZ: live order book, 5 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, 37 min ago | 0.72 bp | 11.8 bp −$12 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 1.20 bp | 13.7 bp −$14 | doesn't fit | 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-INTX | −0.0056% | 1h | 208.44 | −0.411% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.42 | +0.056% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.56 | +0.124% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.44 | +0.067% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.44 | +0.066% | $884 | $204K | 10x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.30 | 0.000% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.77 | +0.225% | $824 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.51 | +0.100% | $9K | $9K | 20x | as long as short |
| tradeXYZ xyz:CBRSshort | +0.0017% | 1h | 209.32 | +0.010% | $42.9M | $3.5M | 10x | |
| Vest CBRS-USD-PERP | +0.0021% | 1h | 209.07 | −0.110% | — | $94K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRSlong | +0.0032% | 1h | 209.30 | long leg | $90K | $831K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.44 | +0.067% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.43 | +0.062% | $339K | $733K | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 209.46 | +0.076% | $1.1M | $3.4M | 10x | as long as short |
| edgeX CBRSUSDC | +0.0065% | 4h | 209.47 | +0.082% | $24K | $220K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.34 | +0.019% | $114K | $118K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.38 | +0.038% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.46 | +0.076% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.49 | +0.090% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0141% | 8h | 209.47 | +0.081% | $2.1M | $1.9M | 25x | as long as short |
| Variational Omni CBRS | +0.0201% | 8h | 209.48 | +0.087% | $423K | $112K | — | as long as short |
| Gate CBRS_USDT | +0.0215% | 8h | 209.60 | +0.143% | $2.9M | $3.0M | 50x | as long as short |
| Extended CBRS_24_5-USD | +0.0248% | 1h | 209.49 | +0.090% | $44K | $266K | 10x | as long as short |
| Binance CBRSUSDT | +0.0249% | 8h | 209.55 | +0.122% | $10.3M | $29.4M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0261% | 8h | 209.56 | +0.124% | $105K | $69K | 20x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0801% | 1h | 209.49 | +0.091% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
edgeX CBRSUSDC
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Variational Omni CBRS
Gate CBRS_USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
Deribit CBRS_USDC-PERPETUAL