CBRS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.009%

Price spread now: Extended against Polymarket Perps+0.002%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.002%, 7d avg +0.041%

Together, before fees−0.031%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.039% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.041%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 5 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.105% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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	Polymarket Perps CBRS-USD	209.43	0.0050	pay 0.0006% / 1h	15m 56s	$53K	$1.1M	10x
Short	Extended CBRS_24_5-USD	209.43	0.0344	get 0.0043% / 1h	15m 56s	$44K	$271K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ExtendedbpOrdersPrice spread, now +0.002%Rate

Funding earned: $61.74
Price spread: +0.002% → +0.041%: −$3.92
Slippage, 4 orders: −$35.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $8.9
Costs to cover: 0.489%
Break-even: 6.0 days

Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 51 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 Polymarket Perps live order book, 2 min ago	3.34 bp	8.3 bp −$8	8.5 bp −$85	12.9 bp −$1,288	doesn't fit
Sell Extended live order book, 51 min ago	2.38 bp	17.1 bp −$17	121.3 bp −$1,213	doesn't fit	doesn't fit

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	−0.099%	$24K	$220K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0123%	1h	209.23	−0.095%	$42.9M	$3.5M	10x	as long as short
Coinbase International CBRS-PERP-INTX	−0.0040%	1h	208.44	−0.473%	$114K	$114K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.46	+0.014%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.43	0.000%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.44	+0.005%	$2.4M	$2.8M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	209.21	−0.103%	$795	$206K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.88	+0.215%	$1K	$3.0M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	209.59	+0.076%	$9K	$9K	20x	as long as short
Vest CBRS-USD-PERP	+0.0019%	1h	209.19	−0.115%	—	$94K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CBRS	+0.0032%	1h	209.29	−0.067%	$90K	$850K	10x	as long as short
QFEX CBRS-USD	+0.0038%	1h	209.42	−0.005%	$1.1M	$3.3M	10x	as long as short
Phoenix CBRS	+0.0038%	1h	209.13	−0.143%	$1K	$109K	10x	as long as short
Polymarket Perps CBRS-USDlong	+0.0050%	1h	209.43	long leg	$53K	$1.1M	10x
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.48	+0.024%	$340K	$741K	10x	as long as short
Gate CBRS_USDT	+0.0065%	8h	209.50	+0.033%	$2.9M	$3.0M	50x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.43	0.000%	$115K	$120K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.30	−0.062%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.45	+0.010%	$860	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.49	+0.030%	$243	—	10x	as long as short
Bybit CBRSUSDT	+0.0116%	8h	209.59	+0.076%	$2.1M	$1.9M	25x	as long as short
Variational Omni CBRS	+0.0316%	8h	209.46	+0.013%	$423K	$124K	—	as long as short
Extended CBRS_24_5-USDshort	+0.0344%	1h	209.43	+0.002%	$44K	$271K	10x
Binance CBRSUSDT	+0.0345%	8h	209.54	+0.054%	$10.3M	$29.5M	25x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0514%	1h	209.47	+0.019%	$12K	$5K	10x	as long as short