Funding you earn now, next payment 05:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.078%
Price spread now: BloFin against Phoenix+0.490%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1401.398% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)−0.536%−$54 · spread now +0.490%, 7d avg +0.065%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.425% dearer against Phoenix than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 205.97 | 0 | get 0.0000% / 1h | 11m 05s | $1K | $108K | 10x |
| Short | BloFin CBRS-USDT | 206.98 | 0.0115 | get 0.0115% / 8h | 2h 11m | $147K | $70K | 20x |
Phoenix CBRS
BloFin CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $24.16
- Price spread: +0.490% → +0.065%
- $42.51
- Slippage, 4 orders
- −$120.76
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$73.09
- Costs to cover
- 1.398%
- Break-even
- 28.2 days
Slippage from Phoenix: live order book, 29 min ago; BloFin: live order book, 3 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, 29 min ago | 14.10 bp | 56.7 bp −$57 | 210.5 bp −$2,105 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.21 bp | 14.8 bp −$15 | 34.8 bp −$348 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0652% | 8h | 206.96 | +0.481% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0130% | 1h | 206.62 | +0.316% | $42.2M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.94 | +0.470% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.99 | +0.495% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 205.97 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 207.24 | +0.617% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.77 | +0.388% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0015% | 1h | 206.26 | +0.141% | — | $107K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 206.83 | +0.418% | $1.1M | $3.1M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.57 | +0.291% | $90K | $887K | 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
QFEX CBRS-USD
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 | 206.67 | +0.340% | $51K | $1.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0077% | 8h | 205.97 | 0.000% | $401K | $82K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.62 | +0.316% | $115K | $111K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.17 | +0.097% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.84 | +0.422% | $818 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.85 | +0.428% | $240 | — | 10x | as long as short |
| BloFin CBRS-USDTshort | +0.0115% | 8h | 206.98 | +0.490% | $147K | $70K | 20x | |
| Binance CBRSUSDT | +0.0143% | 8h | 206.92 | +0.461% | $10.1M | $30.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 206.86 | +0.433% | $44K | $389K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0171% | 8h | 206.01 | +0.019% | $554 | $214K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0186% | 1h | 206.92 | +0.461% | $336K | $719K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0320% | 8h | 207.00 | +0.500% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0346% | 8h | 207.00 | +0.500% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0464% | 1h | 210.27 | +2.088% | $115K | $116K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0899% | 4h | 206.49 | +0.252% | $23K | $220K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1784% | 1h | 206.89 | +0.447% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Ondo Perps CBRS-USD.P
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL