Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.031%
Price spread now: ApeX Omni against Phoenix−0.019%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1591.590% of the position
Funding, last 7 days+0.261%+$26 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now −0.019%, 7d avg +0.022%
=Funding pays, the price is against you. ApeX Omni is 0.041% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.022%). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.261% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.82 | 0.0038 | pay 0.0005% / 1h | 35m 15s | $1K | $108K | 10x |
| Short | ApeX Omni CBRSUSDT | 209.78 | 0.0100 | get 0.0013% / 1h | 35m 15s | $25K | $141K | 50x |
Phoenix CBRS
ApeX Omni CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $13
- Price spread: −0.019% → +0.022%
- −$4.13
- Slippage, 4 orders
- −$142.03
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$150.15
- Costs to cover
- 1.590%
- Break-even
- 87.9 days
Slippage from Phoenix: live order book, 15 min ago; ApeX Omni: live order book, 20 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 Phoenix live order book, 15 min ago | 10.49 bp | 39.0 bp −$39 | 112.7 bp −$1,127 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 20 min ago | 29.05 bp | 39.5 bp −$39 | 218.6 bp −$2,186 | 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 | −0.0151% | 4h | 209.91 | +0.042% | $24K | $220K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.87 | +0.024% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.94 | +0.057% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.91 | +0.043% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.95 | +0.060% | $987 | $206K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.16 | +0.162% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.01 | +0.091% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0023% | 1h | 209.59 | −0.110% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.72 | −0.048% | $92K | $844K | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 209.82 | long leg | $1K | $108K | 10x |
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.70 | −0.057% | $42.9M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.76 | −0.029% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.85 | +0.014% | $340K | $723K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 209.88 | +0.029% | $1.1M | $3.1M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.82 | 0.000% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDTshort | +0.0100% | 1h | 209.78 | −0.019% | $25K | $141K | 50x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.88 | +0.029% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.89 | +0.033% | $243 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0104% | 1h | 210.27 | +0.214% | $115K | $116K | 10x | as long as short |
| Variational Omni CBRS | +0.0153% | 8h | 209.91 | +0.042% | $424K | $101K | — | as long as short |
| BloFin CBRS-USDT | +0.0187% | 8h | 209.92 | +0.048% | $148K | $69K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0200% | 1h | 209.87 | +0.023% | $45K | $260K | 10x | as long as short |
| Binance CBRSUSDT | +0.0202% | 8h | 209.92 | +0.048% | $10.3M | $29.4M | 25x | as long as short |
| Bybit CBRSUSDT | +0.0314% | 8h | 210.05 | +0.110% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0334% | 8h | 210.10 | +0.133% | $2.9M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0418% | 1h | 209.87 | +0.024% | $12K | $5K | 10x | as long as short |
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
KuCoin CBRSUSDTM
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Coinbase International CBRS-PERP-INTX
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL