Funding you earn now, next payment 01:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.031%
Price spread now: Phoenix against Orderly−0.182%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.182% cheaper against Orderly than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CBRS_USDC_mythos | 209.35 | 0.0100 | pay 0.0100% / 8h | 6h 17m | $860 | $1K | 10x |
| Short | Phoenix CBRS | 208.97 | 0.0038 | get 0.0005% / 1h | 17m 37s | $1K | $109K | 10x |
Orderly PERP_CBRS_USDC_mythos
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- −$12.99
- Price spread: −0.182% → 0.000%
- −$18.15
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$44.14
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 42 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 42 min ago | 11.92 bp | 46.8 bp −$47 | 121.8 bp −$1,218 | doesn't fit | doesn't fit |
Orderly: 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 25 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0118% | 1h | 209.46 | +0.053% | $42.9M | $3.5M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0053% | 4h | 209.16 | −0.092% | $24K | $220K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0040% | 1h | 208.44 | −0.435% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.46 | +0.051% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.60 | +0.119% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.58 | +0.110% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.19 | −0.077% | $801 | $208K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.88 | +0.253% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.12 | −0.110% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.96 | −0.186% | — | $97K | 10x | as long as short |
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.28 | −0.033% | $90K | $850K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0037% | 1h | 209.36 | +0.005% | $12K | $5K | 10x | as long as short |
| QFEX CBRS-USD | +0.0038% | 1h | 209.48 | +0.062% | $1.1M | $3.3M | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 208.97 | −0.182% | $1K | $109K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.11 | −0.115% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.48 | +0.062% | $339K | $741K | 10x | as long as short |
| Gate CBRS_USDT | +0.0064% | 8h | 209.60 | +0.119% | $2.9M | $3.0M | 50x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.36 | +0.005% | $115K | $120K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.17 | −0.086% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythoslong | +0.0100% | 8h | 209.35 | long leg | $860 | $1K | 10x | |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.39 | +0.020% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0125% | 8h | 209.54 | +0.091% | $2.1M | $1.9M | 25x | as long as short |
| Variational Omni CBRS | +0.0327% | 8h | 209.15 | −0.095% | $423K | $155K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0344% | 1h | 209.49 | +0.067% | $44K | $271K | 10x | as long as short |
| Binance CBRSUSDT | +0.0347% | 8h | 209.52 | +0.080% | $10.3M | $29.5M | 25x | as long as short |
Lighter CBRS
Deribit CBRS_USDC-PERPETUAL
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Bybit CBRSUSDT
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT