Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.004%

Price spread now: OKX against QFEX+0.100%7-day average +0.014% · 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−$39as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.100%, 7d avg +0.014%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.086% dearer against QFEX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.014%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 4 days (−0.004% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CBRS-USD	210.03	0.0080	pay 0.0010% / 1h	9m 08s	$1.1M	$3.1M	10x
Short	OKX CBRS-USDT-SWAP	210.24	0	get 0.0000% / 8h	4h 09m	$2.2M	$3.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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 QFEXbpFee OKXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$16.8
Price spread: +0.100% → +0.014%: $8.58
Slippage, 4 orders: −$27.32
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.54
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 3 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 QFEX live order book, 4 min ago	1.43 bp	6.4 bp −$6	10.7 bp −$107	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.24 bp	17.2 bp −$17	65.8 bp −$658	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
edgeX CBRSUSDC	−0.0754%	4h	210.00	−0.015%	$24K	$220K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.99	−0.021%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAPshort	0.0000%	8h	210.24	+0.100%	$2.2M	$3.5M	25x
Bitget CBRSUSDT	0.0000%	8h	210.11	+0.038%	$2.4M	$2.7M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	210.01	−0.010%	$823	$207K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	210.35	+0.152%	$1K	$3.0M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	210.11	+0.038%	$9K	$9K	20x	as long as short
Vest CBRS-USD-PERP	+0.0021%	1h	209.62	−0.195%	—	$94K	10x	as long as short
Lighter CBRS	+0.0032%	1h	209.89	−0.067%	$90K	$852K	10x	as long as short
Phoenix CBRS	+0.0038%	1h	209.65	−0.181%	$1K	$108K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CBRS	+0.0050%	1h	209.80	−0.110%	$42.9M	$3.5M	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.93	−0.048%	$53K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.90	−0.062%	$340K	$722K	10x	as long as short
QFEX CBRS-USDlong	+0.0080%	1h	210.03	long leg	$1.1M	$3.1M	10x
Variational Omni CBRS	+0.0092%	8h	210.01	−0.009%	$423K	$95K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	210.06	+0.014%	$115K	$114K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.74	−0.138%	$25K	$141K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	210.05	+0.010%	$862	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	210.08	+0.022%	$244	—	10x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0104%	1h	210.27	+0.114%	$115K	$116K	10x	as long as short
Binance CBRSUSDT	+0.0160%	8h	210.13	+0.048%	$10.2M	$29.4M	25x	as long as short
Extended CBRS_24_5-USD	+0.0160%	1h	210.06	+0.015%	$45K	$261K	10x	as long as short
BloFin CBRS-USDT	+0.0176%	8h	210.11	+0.038%	$148K	$70K	20x	as long as short
Bybit CBRSUSDT	+0.0348%	8h	210.19	+0.076%	$2.1M	$1.9M	25x	as long as short
Gate CBRS_USDT	+0.0373%	8h	210.20	+0.081%	$2.9M	$2.9M	50x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.1228%	1h	210.10	+0.033%	$12K	$5K	10x	as long as short