data as of
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Price arb /

CBRS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$123
spread now+0.073%7d average+0.077%fees + slippage, in and out−$123spread needed1.226%
Long on PhoenixShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix CBRS205.67−0.0039get 0.0005% / 1h48m 08s$2K$104K10x
ShortBinance CBRSUSDT205.820get 0.0000% / 8h6h 48m$10.2M$24.6M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.29
Funding while held
$1.16
Slippage, 4 orders
−$105.58
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$114.12
Spread needed to break even
1.226%
Slippage from Phoenix: live order book, 61 min ago; Binance: live order book, 10 min ago.

Cost of waiting

funding view
Funding /8h
+0.0039%
Per $10,000 a day
+$1.16
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 61 min ago12.00 bp50.0 bp −$50194.7 bp −$1,947doesn't fitdoesn't fit
Sell Binance live order book, 10 min ago1.45 bp9.3 bp −$932.0 bp −$32078.2 bp −$7,822doesn't fit

CBRS price on every exchange

against the cheapest. Click to use as the short leg.
Vest205.62cheapest
Phoenix205.67+0.024%
KuCoin205.72+0.049%tradeXYZ205.73+0.053%Polymarket Perps205.73+0.053%BloFin205.74+0.058%Lighter205.76+0.068%HTX205.77+0.073%OKX205.78+0.078%Gate205.80+0.088%Bybit205.81+0.092%Bitget205.81+0.092%Extended205.81+0.094%Aevo205.81+0.095%
Binance205.82+0.097%
QFEX205.82+0.097%Orderly205.82+0.097%Aster205.83+0.101%Deribit205.83+0.102%ApeX Omni205.88+0.126%Ondo Perps205.91+0.141%Variational Omni205.94+0.158%SunX206.11+0.238%edgeX206.15+0.257%Coinbase International207.62+0.973%

CBRS on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest CBRS-USD-PERP−0.024%+0.0025%1h—$79K10xas long as short
Phoenix CBRSlong0.000%−0.0039%1h$2K$104K10x
KuCoin CBRSUSDTM+0.024%+0.0100%8h$146K$78K20xas long as short
tradeXYZ xyz:CBRS+0.029%−0.0133%1h$42.4M$2.8M10xas long as short
Polymarket Perps CBRS-USD+0.029%+0.0050%1h$25K$1.1M10xas long as short
BloFin CBRS-USDT+0.034%−0.0030%8h$148K$62K20xas long as short
Lighter CBRS+0.044%+0.0032%1h$87K$714K10xas long as short
HTX CBRS-USDT+0.049%0.0000%8h$9K$5K20xas long as short
OKX CBRS-USDT-SWAP+0.053%0.0000%8h$2.2M$3.0M25xas long as short
Gate CBRS_USDT+0.063%0.0000%8h$2.8M$2.8M50xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit CBRSUSDT+0.068%0.0000%8h$2.0M$1.6M25xas long as short
Bitget CBRSUSDT+0.068%0.0000%8h$2.3M$2.4M20xas long as short
Extended CBRS_24_5-USD+0.069%0.0000%1h$42K$246K10xas long as short
Aevo CBRS-PERP+0.070%+0.0104%1h$239—10xas long as short
Binance CBRSUSDTshort+0.073%0.0000%8h$10.2M$24.6M25x
QFEX CBRS-USD+0.073%+0.0029%1h$1.1M$2.4M10xas long as short
Orderly PERP_CBRS_USDC_mythos+0.073%+0.0100%8h$845$1K10xas long as short
Aster CBRSUSDT+0.076%0.0000%8h$61K$113K20xas long as short
Deribit CBRS_USDC-PERPETUAL+0.078%0.0000%1h$12K$51K10xas long as short
ApeX Omni CBRSUSDT+0.102%+0.0100%1h$25K$128K50xas long as short
Ondo Perps CBRS-USD.P+0.117%+0.0050%1h$342K$734K10xas long as short
Variational Omni CBRS+0.133%0.0000%8h$411K$310K—as long as short
SunX CBRS-USDT+0.214%0.0000%8h$930$3.4M10xas long as short
edgeX CBRSUSDC+0.232%−0.0863%4h$24K$216K10xas long as short
Coinbase International CBRS-PERP-INTX+0.948%+0.0264%1h$111K$74K10xas long as short