Funding you earn now, next payment 23:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.012%
Price spread now: Vest against Phoenix−0.172%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Vest is 0.172% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 36 days of funding at the current rate ($0 a day). The two prices were read 58 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 | 209.32 | 0 | get 0.0000% / 1h | 36m 10s | $1K | $111K | 10x |
| Short | Vest CBRS-USD-PERP | 208.96 | 0.0016 | get 0.0002% / 1h | 36m 10s | — | $94K | 10x |
Phoenix CBRS
Vest CBRS-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $3.36
- Price spread: −0.172% → 0.000%
- −$17.2
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$22.84
- Costs to cover
- 0.090%
- Break-even
- 54.6 days
Slippage unknown: Phoenix: live order book, 33 min ago; Vest: 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, 33 min ago | 15.30 bp | 61.1 bp −$61 | 235.4 bp −$2,354 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0777% | 4h | 209.34 | +0.010% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0041% | 1h | 209.12 | −0.096% | $42.8M | $3.5M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.24 | −0.036% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.43 | +0.053% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.36 | +0.019% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.28 | −0.019% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 209.32 | long leg | $1K | $111K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.58 | +0.124% | $1K | $3.3M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.30 | −0.010% | $12K | $4K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.38 | +0.029% | $9K | $6K | 20x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CBRS_USDT | +0.0011% | 8h | 209.40 | +0.038% | $2.9M | $3.1M | 50x | as long as short |
| Vest CBRS-USD-PERPshort | +0.0016% | 1h | 208.96 | −0.172% | — | $94K | 10x | |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.420% | $114K | $114K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.27 | −0.024% | $1.1M | $3.4M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.13 | −0.091% | $48K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.25 | −0.033% | $343K | $918K | 10x | as long as short |
| Lighter CBRS | +0.0080% | 1h | 209.44 | +0.057% | $90K | $867K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.17 | −0.072% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.09 | −0.110% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.32 | 0.000% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.34 | +0.012% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0433% | 8h | 209.31 | −0.007% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0460% | 8h | 209.38 | +0.029% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0469% | 8h | 209.30 | −0.010% | $10.3M | $30.0M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0472% | 1h | 209.21 | −0.050% | $43K | $246K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0567% | 8h | 209.42 | +0.048% | $599 | $224K | 10x | as long as short |
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Lighter CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp