Funding you earn now, next payment 01:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h +0.012%
Price spread now: Lighter against Phoenix−0.014%74s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as 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−$1091.095% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)−0.316%−$32 · spread now −0.014%, 7d avg −0.029%
=Together, before fees−0.196%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.03 | 0.0038 | pay 0.0005% / 1h | 38m 16s | $1K | $109K | 10x |
| Short | Lighter CBRS | 209.00 | 0.0032 | get 0.0004% / 1h | 38m 16s | $90K | $845K | 10x |
Phoenix CBRS
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$1.29
- Price spread: −0.014% → −0.029%
- $1.46
- Slippage, 4 orders
- −$102.46
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$109.29
- Costs to cover
- 1.095%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 22 min ago; Lighter: live order book, 27 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, 22 min ago | 11.92 bp | 45.3 bp −$45 | 143.8 bp −$1,438 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 27 min ago | 4.05 bp | 13.3 bp −$13 | 16.1 bp −$161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0753% | 4h | 209.35 | +0.154% | $24K | $219K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0340% | 1h | 208.93 | −0.048% | $42.8M | $3.5M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0040% | 1h | 208.44 | −0.282% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.23 | +0.094% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.10 | +0.033% | $2.1M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.16 | +0.062% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.20 | +0.081% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.18 | +0.072% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.20 | +0.080% | $456 | $208K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.37 | +0.163% | $1K | $3.1M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.13 | +0.048% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.24 | +0.100% | $9K | $9K | 20x | as long as short |
| Polymarket Perps CBRS-USD | +0.0017% | 1h | 208.92 | −0.053% | $53K | $1.1M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.83 | −0.096% | — | $97K | 10x | as long as short |
| Lighter CBRSshort | +0.0032% | 1h | 209.00 | −0.014% | $90K | $845K | 10x | |
| QFEX CBRS-USD | +0.0038% | 1h | 209.04 | +0.005% | $1.1M | $3.4M | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 209.03 | long leg | $1K | $109K | 10x | |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.09 | +0.029% | $339K | $891K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.21 | +0.086% | $114K | $121K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.19 | +0.077% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.18 | +0.072% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.20 | +0.082% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0347% | 8h | 209.12 | +0.044% | $423K | $235K | — | as long as short |
| Binance CBRSUSDT | +0.0365% | 8h | 209.16 | +0.062% | $10.2M | $29.6M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0368% | 1h | 209.11 | +0.039% | $46K | $268K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0414% | 8h | 209.37 | +0.163% | $148K | $71K | 20x | as long as short |
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Polymarket Perps CBRS-USD
Vest CBRS-USD-PERP
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT