Funding you earn now, next payment 01:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.031%
Price spread now: Orderly against Phoenix+0.172%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.172% dearer against Phoenix than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.13 | 0.0038 | pay 0.0005% / 1h | 17m 13s | $1K | $109K | 10x |
| Short | Orderly PERP_CBRS_USDC_mythos | 209.49 | 0.0100 | get 0.0100% / 8h | 6h 17m | $860 | $1K | 10x |
Phoenix CBRS
Orderly PERP_CBRS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $12.99
- Price spread: +0.172% → 0.000%
- $17.21
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $17.21
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 43 min ago; Orderly: 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, 43 min ago | 11.92 bp | 45.3 bp −$45 | 143.8 bp −$1,438 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0833% | 4h | 209.22 | +0.045% | $24K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0118% | 1h | 209.46 | +0.158% | $42.9M | $3.5M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0040% | 1h | 208.44 | −0.330% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.39 | +0.125% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.60 | +0.225% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.58 | +0.215% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.21 | +0.040% | $795 | $206K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.88 | +0.359% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.12 | −0.005% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 209.08 | −0.024% | — | $94K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.28 | +0.072% | $90K | $850K | 10x | as long as short |
| QFEX CBRS-USD | +0.0038% | 1h | 209.48 | +0.167% | $1.1M | $3.3M | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 209.13 | long leg | $1K | $109K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.46 | +0.158% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.48 | +0.167% | $339K | $741K | 10x | as long as short |
| Gate CBRS_USDT | +0.0064% | 8h | 209.50 | +0.177% | $2.9M | $3.0M | 50x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.39 | +0.124% | $115K | $120K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.30 | +0.081% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythosshort | +0.0100% | 8h | 209.49 | +0.172% | $860 | $1K | 10x | |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.52 | +0.184% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0125% | 8h | 209.61 | +0.230% | $2.1M | $1.9M | 25x | as long as short |
| Variational Omni CBRS | +0.0327% | 8h | 209.15 | +0.010% | $423K | $155K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0344% | 1h | 209.51 | +0.184% | $44K | $271K | 10x | as long as short |
| Binance CBRSUSDT | +0.0347% | 8h | 209.57 | +0.210% | $10.3M | $29.5M | 25x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0944% | 1h | 209.55 | +0.201% | $12K | $5K | 10x | as long as short |
Lighter CBRS
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Bybit CBRSUSDT
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
Deribit CBRS_USDC-PERPETUAL