Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: HTX against Phoenix+0.201%72s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.201% dearer against Phoenix than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix CBRS209.050get 0.0000% / 1h48m 09s$1K$108K10x
ShortHTX CBRS-USDT209.470get 0.0000% / 8h5h 48m$9K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phoenix. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.201% → 0.000%
$20.09
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
$1.09
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Phoenix: live order book, 7 min ago; HTX: no order-book sample. Net counts fees only.

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, 7 min ago12.43 bp48.5 bp −$48162.0 bp −$1,620doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CBRS on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CBRS-PERP-INTX−0.0056%1h208.44−0.292%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h209.30+0.121%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.34+0.139%$2.2M$3.5M25xas long as short
Bitget CBRSUSDT0.0000%8h209.28+0.110%$2.4M$2.7M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h209.27+0.104%$523$205K10xas long as short
Phoenix CBRSlong0.0000%1h209.05long leg$1K$108K10x
SunX CBRS-USDT0.0000%8h209.51+0.220%$957$3.0M10xas long as short
HTX CBRS-USDTshort0.0000%8h209.47+0.201%$9K$9K20x
tradeXYZ xyz:CBRS+0.0002%1h209.050.000%$42.8M$3.5M10xas long as short
Vest CBRS-USD-PERP+0.0019%1h208.99−0.029%$94K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CBRS+0.0032%1h209.20+0.072%$90K$826K10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h209.18+0.062%$55K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.32+0.129%$339K$737K10xas long as short
QFEX CBRS-USD+0.0051%1h209.24+0.091%$1.1M$3.3M10xas long as short
Bybit CBRSUSDT+0.0089%8h209.41+0.172%$2.1M$1.9M25xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.29+0.115%$114K$118K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h209.04−0.005%$24K$138K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.28+0.110%$859$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.32+0.127%$24310xas long as short
Gate CBRS_USDT+0.0118%8h209.40+0.167%$2.9M$3.0M50xas long as short
Variational Omni CBRS+0.0253%8h209.22+0.081%$423K$118Kas long as short
Binance CBRSUSDT+0.0287%8h209.28+0.110%$10.3M$29.4M25xas long as short
Extended CBRS_24_5-USD+0.0288%1h209.22+0.083%$46K$268K10xas long as short
edgeX CBRSUSDC+0.0322%4h209.17+0.056%$24K$220K10xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0563%1h209.29+0.115%$12K$5K10xas long as short