Funding you earn now, next payment 07:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.033%
Price spread now: tradeXYZ against Phoenix−0.078%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1191.187% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.313%−$31 · spread now −0.078%, 7d avg −0.052%
=Together, before fees−0.463%+ Points / potential airdroptradeXYZ: Active · farm board−$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and tradeXYZ is 0.025% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 206.00 | 0 | get 0.0000% / 1h | 59m 04s | $1K | $108K | 10x |
| Short | tradeXYZ xyz:CBRS | 205.84 | −0.0242 | pay 0.0030% / 1h | 59m 04s | $42.2M | $4.0M | 10x |
Phoenix CBRS
tradeXYZ xyz:CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$50.82
- Price spread: −0.078% → −0.052%
- −$2.52
- Slippage, 4 orders
- −$93.7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$172.04
- Costs to cover
- 1.187%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 31 min ago; tradeXYZ: live order book, 10 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, 31 min ago | 11.65 bp | 45.6 bp −$46 | 145.2 bp −$1,452 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.49 bp | 13.9 bp −$14 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | −0.0640% | 1h | 206.51 | +0.248% | $95K | $1.0M | 10x | as long as short |
| Bitget CBRSUSDT | −0.0364% | 8h | 206.26 | +0.126% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRSshort | −0.0242% | 1h | 205.84 | −0.078% | $42.2M | $4.0M | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 206.53 | +0.259% | $65K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 206.34 | +0.165% | $2.1M | $2.0M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.93 | −0.034% | $2.2M | $3.4M | 25x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 205.99 | −0.004% | $401K | $90K | — | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 206.00 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 206.22 | +0.107% | $1K | $2.8M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 206.53 | +0.257% | $12K | $5K | 10x | as long as short |
Lighter CBRS
Bitget CBRSUSDT
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Variational Omni CBRS
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUALShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | 0.0000% | 8h | 206.07 | +0.034% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 209.06 | +1.485% | — | $107K | 10x | as long as short |
| Binance CBRSUSDT | +0.0039% | 8h | 206.38 | +0.186% | $10.1M | $31.2M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0040% | 1h | 206.51 | +0.246% | $44K | $385K | 10x | as long as short |
| QFEX CBRS-USD | +0.0050% | 1h | 210.30 | +2.087% | $1.2M | $3.1M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.03 | +0.015% | $51K | $670K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.00 | 0.000% | $334K | $715K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0059% | 8h | 206.20 | +0.097% | $147K | $72K | 20x | as long as short |
| edgeX CBRSUSDC | +0.0069% | 4h | 206.37 | +0.181% | $23K | $221K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0097% | 8h | 206.11 | +0.054% | $635 | $217K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.34 | +0.165% | $115K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.26 | +0.126% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.57 | +0.277% | $957 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.52 | +0.253% | $240 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0392% | 8h | 206.20 | +0.097% | $2.9M | $2.9M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0480% | 1h | 210.27 | +2.073% | $115K | $112K | 10x | as long as short |
HTX CBRS-USDT
Vest CBRS-USD-PERP
Binance CBRSUSDT
Extended CBRS_24_5-USD
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
BloFin CBRS-USDT
edgeX CBRSUSDC
GRVT CBRS_USDT_Perp
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX