Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.027%
Price spread now: Phoenix against Ondo Perps−0.170%7-day average −0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.170%, 7d avg −0.033%
=Together, before fees+0.070%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phoenix is 0.138% cheaper against Ondo Perps than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CBRS-USD.P | 205.79 | 0.0050 | pay 0.0006% / 1h | 25m 27s | $335K | $717K | 10x |
| Short | Phoenix CBRS | 205.44 | 0.0039 | get 0.0005% / 1h | 25m 27s | $1K | $108K | 10x |
Ondo Perps CBRS-USD.P
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- −$2.44
- Price spread: −0.170% → −0.033%
- −$13.75
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$28.2
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 9 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 9 min ago | 10.22 bp | 40.3 bp −$40 | 102.0 bp −$1,020 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0652% | 8h | 205.95 | +0.078% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0204% | 1h | 205.64 | −0.073% | $42.1M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.07 | +0.135% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.04 | +0.121% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.22 | +0.209% | $2K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.79 | 0.000% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 205.51 | −0.136% | — | $108K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.80 | +0.005% | $91K | $896K | 10x | as long as short |
| Phoenix CBRSshort | +0.0039% | 1h | 205.44 | −0.170% | $1K | $108K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.67 | −0.058% | $50K | $1.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Polymarket Perps CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CBRS-USD.Plong | +0.0050% | 1h | 205.79 | long leg | $335K | $717K | 10x | |
| QFEX CBRS-USD | +0.0080% | 1h | 205.85 | +0.029% | $1.1M | $3.0M | 10x | as long as short |
| Variational Omni CBRS | +0.0082% | 8h | 205.90 | +0.053% | $401K | $101K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.85 | +0.029% | $113K | $109K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.50 | −0.141% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.91 | +0.058% | $814 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.97 | +0.087% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0112% | 8h | 205.68 | −0.053% | $147K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0140% | 8h | 205.94 | +0.073% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 205.86 | +0.034% | $46K | $391K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0210% | 8h | 205.76 | −0.013% | $514 | $216K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0341% | 8h | 205.89 | +0.049% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0379% | 8h | 206.10 | +0.151% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.177% | $115K | $116K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0645% | 4h | 205.70 | −0.042% | $23K | $220K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1062% | 1h | 205.99 | +0.097% | $12K | $5K | 10x | as long as short |
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL