Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.050%
Price spread now: Extended against Phoenix+0.195%48s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as 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−$1111.108% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.195%, 7d avg +0.029%
=Together, before fees−0.095%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.166% dearer against Phoenix than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.029%. The two prices were read 48 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 | Phoenix CBRS | 205.86 | 0.0039 | pay 0.0005% / 1h | 16m 33s | $1K | $108K | 10x |
| Short | Extended CBRS_24_5-USD | 206.26 | 0.0144 | get 0.0018% / 1h | 16m 33s | $46K | $391K | 10x |
Phoenix CBRS
Extended CBRS_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $22.1
- Price spread: +0.195% → +0.029%
- $16.55
- Slippage, 4 orders
- −$98.78
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$72.13
- Costs to cover
- 1.108%
- Break-even
- 29.8 days
Slippage from Phoenix: live order book, 18 min ago; Extended: live order book, 26 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, 18 min ago | 10.22 bp | 38.7 bp −$39 | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
| Sell Extended live order book, 26 min ago | 1.95 bp | 15.9 bp −$16 | 132.8 bp −$1,328 | 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 | −0.0601% | 8h | 206.36 | +0.243% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0182% | 1h | 206.14 | +0.136% | $42.2M | $4.1M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.29 | +0.210% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.34 | +0.233% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.64 | +0.379% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.29 | +0.209% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 206.09 | +0.112% | — | $108K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.10 | +0.117% | $91K | $898K | 10x | as long as short |
| Phoenix CBRSlong | +0.0039% | 1h | 205.86 | long leg | $1K | $108K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.17 | +0.151% | $51K | $1.1M | 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
Lighter CBRS
Polymarket Perps CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.31 | +0.219% | $336K | $719K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0073% | 4h | 206.16 | +0.145% | $23K | $221K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 206.32 | +0.223% | $1.1M | $3.0M | 10x | as long as short |
| Variational Omni CBRS | +0.0095% | 8h | 206.14 | +0.135% | $401K | $100K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.19 | +0.160% | $114K | $108K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.12 | +0.126% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.26 | +0.194% | $816 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.25 | +0.190% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0115% | 8h | 206.31 | +0.219% | $146K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0143% | 8h | 206.32 | +0.223% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USDshort | +0.0144% | 1h | 206.26 | +0.195% | $46K | $391K | 10x | |
| GRVT CBRS_USDT_Perp | +0.0217% | 8h | 206.18 | +0.156% | $449 | $217K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0321% | 8h | 206.34 | +0.233% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0385% | 8h | 206.40 | +0.262% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.142% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0963% | 1h | 206.31 | +0.219% | $12K | $5K | 10x | as long as short |
Ondo Perps CBRS-USD.P
edgeX CBRSUSDC
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL