Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.027%
Price spread now: Ondo Perps against Phoenix+0.170%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.170%, 7d avg +0.033%
=Together, before fees−0.070%+ Points / potential airdropOndo Perps: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.138% dearer against Phoenix than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 205.44 | 0.0039 | pay 0.0005% / 1h | 25m 26s | $1K | $108K | 10x |
| Short | Ondo Perps CBRS-USD.P | 205.79 | 0.0050 | get 0.0006% / 1h | 25m 26s | $335K | $717K | 10x |
Phoenix CBRS
Ondo Perps CBRS-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $2.44
- Price spread: +0.170% → +0.033%
- $13.78
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $4.23
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 9 min ago; Ondo Perps: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 9 min ago | 10.22 bp | 38.7 bp −$39 | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 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 | −0.0652% | 8h | 205.95 | +0.248% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0204% | 1h | 205.64 | +0.097% | $42.1M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.07 | +0.306% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.04 | +0.292% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.22 | +0.380% | $2K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.79 | +0.170% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 205.51 | +0.034% | — | $108K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.80 | +0.175% | $91K | $896K | 10x | as long as short |
| Phoenix CBRSlong | +0.0039% | 1h | 205.44 | long leg | $1K | $108K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.67 | +0.112% | $50K | $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.Pshort | +0.0050% | 1h | 205.79 | +0.170% | $335K | $717K | 10x | |
| QFEX CBRS-USD | +0.0080% | 1h | 205.85 | +0.200% | $1.1M | $3.0M | 10x | as long as short |
| Variational Omni CBRS | +0.0082% | 8h | 205.90 | +0.223% | $401K | $101K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.85 | +0.200% | $113K | $109K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.50 | +0.029% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.91 | +0.229% | $814 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.97 | +0.258% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0112% | 8h | 205.68 | +0.117% | $147K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0140% | 8h | 205.94 | +0.243% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 205.86 | +0.205% | $46K | $391K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0210% | 8h | 205.76 | +0.157% | $514 | $216K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0341% | 8h | 205.89 | +0.219% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0379% | 8h | 206.10 | +0.321% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.351% | $115K | $116K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0645% | 4h | 205.70 | +0.128% | $23K | $220K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1062% | 1h | 205.99 | +0.268% | $12K | $5K | 10x | as long as short |
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL