Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.004%
Price spread now: Phoenix against OKX−0.328%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1161.165% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.448%+$45 · spread now −0.328%, 7d avg −0.036%
=Funding pays, the price is against you. Phoenix is 0.293% cheaper against OKX than usual: you would sell low and buy high (spread −0.328% now, against its 7-day average of −0.036%). If the spread goes back, that is −$29 on $10k: about 26 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CBRS-USDT-SWAP | 207.05 | 0 | get 0.0000% / 8h | 3h 06m | $2.2M | $3.5M | 25x |
| Short | Phoenix CBRS | 206.37 | 0.0038 | get 0.0005% / 1h | 6m 54s | $1K | $108K | 10x |
OKX CBRS-USDT-SWAP
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $8.03
- Price spread: −0.328% → −0.036%
- −$29.28
- Slippage, 4 orders
- −$99.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$137.72
- Costs to cover
- 1.165%
- Break-even
- 127.1 days
Slippage from OKX: live order book, just now; Phoenix: live order book, 38 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 OKX live order book, just now | 1.93 bp | 15.7 bp −$16 | 63.6 bp −$636 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 38 min ago | 10.55 bp | 40.2 bp −$40 | 102.0 bp −$1,020 | 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 | −0.0500% | 4h | 206.59 | −0.223% | $23K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0350% | 1h | 206.59 | −0.222% | $42.2M | $3.8M | 10x | as long as short |
| Bitget CBRSUSDT | −0.0157% | 8h | 206.99 | −0.029% | $2.4M | $2.4M | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.83 | −0.107% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAPlong | 0.0000% | 8h | 207.05 | long leg | $2.2M | $3.5M | 25x | |
| SunX CBRS-USDT | 0.0000% | 8h | 207.08 | +0.014% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.67 | −0.184% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 206.49 | −0.270% | — | $103K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.77 | −0.135% | $89K | $870K | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 206.37 | −0.328% | $1K | $108K | 10x |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Bitget CBRSUSDT
Aster CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.58 | −0.227% | $51K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.51 | −0.261% | $336K | $712K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 206.76 | −0.140% | $1.1M | $3.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0065% | 8h | 206.56 | −0.236% | $417K | $81K | — | as long as short |
| GRVT CBRS_USDT_Perp | +0.0090% | 8h | 206.59 | −0.222% | $1K | $211K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.74 | −0.150% | $115K | $112K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.67 | −0.184% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.73 | −0.155% | $818 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.69 | −0.173% | $240 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0135% | 8h | 206.87 | −0.088% | $10.1M | $29.8M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 206.81 | −0.115% | $45K | $312K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0164% | 8h | 206.55 | −0.241% | $147K | $69K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +1.555% | $115K | $116K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0333% | 8h | 206.76 | −0.140% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0336% | 8h | 207.00 | −0.024% | $2.8M | $3.0M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0524% | 1h | 206.79 | −0.126% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
Variational Omni CBRS
GRVT CBRS_USDT_Perp
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL