Funding you earn now, next payment 07:00 UTC+0.0247%/8h= +27.1% APRpaid last 24h −0.001%
Price spread now: Bybit against Phoenix+0.034%75s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1161.160% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.034%, 7d avg +0.048%
=The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 206.06 | 0 | get 0.0000% / 1h | 36m 12s | $1K | $108K | 10x |
| Short | Bybit CBRSUSDT | 206.13 | 0.0247 | get 0.0247% / 8h | 36m 12s | $2.1M | $2.0M | 25x |
Phoenix CBRS
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $51.97
- Price spread: +0.034% → +0.048%
- −$1.44
- Slippage, 4 orders
- −$98
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.48
- Costs to cover
- 1.160%
- Break-even
- 15.8 days
Slippage from Phoenix: live order book, 59 min ago; Bybit: live order book, 5 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, 59 min ago | 10.22 bp | 38.7 bp −$39 | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.18 bp | 19.5 bp −$20 | 137.8 bp −$1,378 | 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 | −0.0452% | 8h | 206.10 | +0.019% | $2.4M | $2.5M | 20x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | −0.0138% | 1h | 206.04 | −0.010% | $12K | $5K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0124% | 1h | 205.87 | −0.092% | $42.2M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.21 | +0.075% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.98 | −0.039% | $2.2M | $3.4M | 25x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 206.06 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 206.59 | +0.257% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.26 | +0.097% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0024% | 1h | 205.75 | −0.150% | — | $108K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.09 | +0.015% | $92K | $912K | 10x | as long as short |
Bitget CBRSUSDT
Deribit CBRS_USDC-PERPETUAL
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CBRS | +0.0035% | 8h | 206.29 | +0.114% | $402K | $91K | — | as long as short |
| QFEX CBRS-USD | +0.0050% | 1h | 206.01 | −0.024% | $1.1M | $3.0M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.87 | −0.092% | $50K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.97 | −0.044% | $335K | $716K | 10x | as long as short |
| Binance CBRSUSDT | +0.0087% | 8h | 206.09 | +0.014% | $10.1M | $30.6M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0088% | 1h | 206.07 | +0.003% | $44K | $388K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.13 | +0.034% | $113K | $105K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.19 | +0.063% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.16 | +0.049% | $815 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.12 | +0.029% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0108% | 8h | 206.13 | +0.034% | $146K | $71K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0156% | 8h | 206.26 | +0.097% | $635 | $217K | 10x | as long as short |
| Bybit CBRSUSDTshort | +0.0247% | 8h | 206.13 | +0.034% | $2.1M | $2.0M | 25x | |
| Gate CBRS_USDT | +0.0393% | 8h | 206.30 | +0.116% | $2.9M | $3.0M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0490% | 4h | 206.21 | +0.074% | $23K | $220K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0536% | 1h | 210.27 | +2.043% | $115K | $112K | 10x | as long as short |
Variational Omni CBRS
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Binance CBRSUSDT
Extended CBRS_24_5-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
Gate CBRS_USDT
edgeX CBRSUSDC
Coinbase International CBRS-PERP-INTX