Funding you earn now, next payment 10:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.032%
Price spread now: KuCoin against Phoenix+0.019%78s7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$493as 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−$5215.212% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.019%, 7d avg +0.033%
=The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 78 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 | 207.58 | −0.0116 | get 0.0014% / 1h | 56m 08s | $1K | $109K | 10x |
| Short | KuCoin CBRSUSDTM | 207.62 | 0.0100 | get 0.0100% / 8h | 4h 56m | $114K | $323K | 20x |
Phoenix CBRS
KuCoin CBRSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $45.34
- Price spread: +0.019% → +0.033%
- −$1.35
- Slippage, 4 orders
- −$502.21
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$477.22
- Costs to cover
- 5.212%
- Break-even
- 80.7 days
Slippage from Phoenix: live order book, 42 min ago; KuCoin: live order book, 31 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, 42 min ago | 10.61 bp | 38.9 bp −$39 | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 31 min ago | 11.08 bp | 212.9 bp −$213 | doesn't fit | doesn't fit | doesn't fit |
CBRS on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | −0.1917% | 1h | 207.22 | −0.173% | $12K | $5K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0899% | 1h | 207.25 | −0.159% | $42.5M | $4.1M | 10x | as long as short |
| Lighter CBRS | −0.0336% | 1h | 207.39 | −0.092% | $90K | $1.2M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0188% | 4h | 207.68 | +0.049% | $23K | $221K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | −0.0181% | 1h | 207.22 | −0.173% | $326K | $736K | 10x | as long as short |
| QFEX CBRS-USD | −0.0160% | 1h | 207.20 | −0.183% | $1.1M | $2.9M | 10x | as long as short |
| Phoenix CBRSlong | −0.0116% | 1h | 207.58 | long leg | $1K | $109K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 207.61 | +0.015% | $66K | $149K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 207.34 | −0.116% | $2.0M | $2.2M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.45 | −0.063% | $2.2M | $3.4M | 25x | as long as short |
Deribit CBRS_USDC-PERPETUAL
tradeXYZ xyz:CBRS
Lighter CBRS
edgeX CBRSUSDC
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAPShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | 0.0000% | 8h | 207.45 | −0.063% | $2.3M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.02 | +0.212% | $946 | $2.4M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 207.40 | −0.087% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 207.28 | −0.145% | — | $108K | 10x | as long as short |
| Variational Omni CBRS | +0.0043% | 8h | 207.69 | +0.053% | $398K | $99K | — | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 207.43 | −0.072% | $49K | $939K | 10x | as long as short |
| Binance CBRSUSDT | +0.0080% | 8h | 207.52 | −0.029% | $10.2M | $33.2M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0080% | 1h | 207.26 | −0.156% | $44K | $376K | 10x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.55 | −0.014% | $821 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTMshort | +0.0100% | 8h | 207.62 | +0.019% | $114K | $323K | 20x | |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.54 | −0.019% | $24K | $138K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.55 | −0.016% | $241 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0120% | 8h | 207.36 | −0.106% | $150K | $75K | 20x | as long as short |
| Gate CBRS_USDT | +0.0152% | 8h | 207.50 | −0.039% | $2.9M | $3.3M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0272% | 1h | 210.27 | +1.296% | $115K | $107K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0410% | 8h | 207.70 | +0.058% | $563 | $237K | 10x | as long as short |
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Variational Omni CBRS
Polymarket Perps CBRS-USD
Binance CBRSUSDT
Extended CBRS_24_5-USD
Orderly PERP_CBRS_USDC_mythos
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
BloFin CBRS-USDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
GRVT CBRS_USDT_Perp