Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.053%
Price spread now: Gate against Phoenix+0.129%77s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as 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−$1721.716% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.129%, 7d avg +0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.075% dearer against Phoenix than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.054%. The two prices were read 77 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 | 209.23 | 0 | get 0.0000% / 1h | 46m 02s | $1K | $111K | 10x |
| Short | Gate CBRS_USDT | 209.50 | 0 | get 0.0000% / 8h | 46m 02s | $2.9M | $3.0M | 50x |
Phoenix CBRS
Gate CBRS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.129% → +0.054%
- $7.46
- Slippage, 4 orders
- −$149.63
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$164.17
- Costs to cover
- 1.716%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 24 min ago; Gate: live order book, 2 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, 24 min ago | 15.30 bp | 61.1 bp −$61 | 235.4 bp −$2,354 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.77 bp | 20.5 bp −$20 | 116.1 bp −$1,161 | 258.9 bp −$25.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.18 | −0.024% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.47 | +0.115% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.46 | +0.110% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDTshort | 0.0000% | 8h | 209.50 | +0.129% | $2.9M | $3.0M | 50x | |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.40 | +0.081% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 209.23 | long leg | $1K | $111K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.191% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.47 | +0.115% | $9K | $6K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.378% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 208.95 | −0.134% | — | $94K | 10x | as long as short |
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0021% | 1h | 209.34 | +0.053% | $1.1M | $3.4M | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.19 | −0.019% | $42.9M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.26 | +0.014% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.37 | +0.067% | $347K | $913K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0085% | 1h | 209.28 | +0.024% | $12K | $4K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.057% | $143K | $93K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.00 | −0.110% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.37 | +0.067% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.48 | +0.119% | $243 | — | 10x | as long as short |
| Lighter CBRS | +0.0248% | 1h | 209.48 | +0.119% | $93K | $861K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0318% | 4h | 209.37 | +0.066% | $24K | $221K | 10x | as long as short |
| Variational Omni CBRS | +0.0381% | 8h | 209.38 | +0.071% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0430% | 8h | 209.38 | +0.072% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0438% | 8h | 209.32 | +0.045% | $10.3M | $30.0M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0440% | 1h | 209.30 | +0.032% | $43K | $246K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0548% | 8h | 209.42 | +0.091% | $477 | $227K | 10x | as long as short |
QFEX CBRS-USD
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Deribit CBRS_USDC-PERPETUAL
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Lighter CBRS
edgeX CBRSUSDC
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp