Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0270%/8h= +29.6% APRnext payment +$0.34 per $10,000 · paid last 24h +0.046%
Price spread now: Coinbase International against Polymarket Perps+1.237%47s7-day average +0.103% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.059%+$6 on $10k
Price spread, last 4 days (all we have)−1.252%−$125 · spread now +1.237%, 7d avg +0.103%
Together, before fees−1.193%−$119 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 1.134% dearer against Polymarket Perps than usual: you sell high and buy low: +$113 more if the spread goes back to its 7-day average of +0.103%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.059% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps CBRS-USD207.700.0050pay 0.0006% / 1h46m 33s$51K$464K10x
ShortCoinbase International CBRS-PERP-INTX210.270.0320get 0.0040% / 1h46m 33s$115K$107K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$56.7
Price spread: +1.237% → +0.103%
$113.4
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$152.1
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Polymarket Perps: no order-book sample; Coinbase International: live order book, 64 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps no order-book sample
Sell Coinbase International live order book, 64 min ago9.72 bp16.5 bp −$1722.3 bp −$223doesn't fitdoesn't fit
Polymarket 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix CBRS−0.0116%1h207.57−0.063%$1K$109K10xas long as short
Deribit CBRS_USDC-PERPETUAL−0.0038%1h207.91+0.101%$12K$5K10xas long as short
QFEX CBRS-USD−0.0009%1h208.23+0.255%$1.1M$3.0M10xas long as short
Aster CBRSUSDT0.0000%8h208.03+0.160%$66K$149K20xas long as short
Bybit CBRSUSDT0.0000%8h207.89+0.091%$2.1M$2.2M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h207.74+0.019%$2.2M$3.4M25xas long as short
Bitget CBRSUSDT0.0000%8h207.80+0.048%$2.3M$2.8M20xas long as short
SunX CBRS-USDT0.0000%8h208.31+0.294%$1K$2.5M10xas long as short
Variational Omni CBRS+0.0010%8h207.74+0.018%$398K$101Kas long as short
HTX CBRS-USDT+0.0016%8h208.26+0.270%$9K$10K20xas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest CBRS-USD-PERP+0.0019%1h208.38+0.327%$105K10xas long as short
Lighter CBRS+0.0032%1h207.78+0.039%$90K$1.2M10xas long as short
tradeXYZ xyz:CBRS+0.0050%1h207.700.000%$42.6M$4.1M10xas long as short
Polymarket Perps CBRS-USDlong+0.0050%1h207.70long leg$51K$464K10x
Ondo Perps CBRS-USD.P+0.0050%1h208.02+0.154%$329K$730K10xas long as short
Extended CBRS_24_5-USD+0.0080%1h207.71+0.006%$44K$386K10xas long as short
Binance CBRSUSDT+0.0082%8h207.76+0.029%$10.2M$32.9M25xas long as short
BloFin CBRS-USDT+0.0083%8h207.94+0.116%$149K$74K20xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h207.94+0.116%$822$2K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h207.87+0.082%$114K$267K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h207.34−0.173%$24K$139K50xas long as short
Aevo CBRS-PERP+0.0104%1h207.97+0.130%$24110xas long as short
Coinbase International CBRS-PERP-INTXshort+0.0320%1h210.27+1.237%$115K$107K10x
Gate CBRS_USDT+0.0327%8h207.90+0.096%$2.9M$3.3M50xas long as short
GRVT CBRS_USDT_Perp+0.0591%8h208.11+0.199%$681$228K10xas long as short
edgeX CBRSUSDC+0.0936%4h207.70−0.001%$23K$222K10xas long as short