data as of
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Price arb /

CBRS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$107
spread now−0.332%7d average−0.068%fees + slippage, in and out−$80spread needed0.804%
Long on QFEXShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CBRS-USD207.700.0017pay 0.0002% / 1h48m 47s$1.1M$2.5M10x
ShortPhoenix CBRS207.010get 0.0000% / 1h48m 47s$1K$107K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$33.22
Funding while held
−$0.52
Slippage, 4 orders
−$63.41
Fee QFEX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$114.16
Spread needed to break even
0.804%
Slippage from QFEX: live order book, 5 min ago; Phoenix: live order book, 56 min ago.

Cost of waiting

funding view
Funding /8h
−0.0017%
Per $10,000 a day
−$0.52
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 5 min ago1.45 bp7.4 bp −$715.2 bp −$152doesn't fitdoesn't fit
Sell Phoenix live order book, 56 min ago7.78 bp32.0 bp −$3279.8 bp −$798doesn't fitdoesn't fit

CBRS price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix207.01cheapest
edgeX207.14+0.064%HTX207.23+0.106%Variational Omni207.38+0.179%Vest207.45+0.213%Ondo Perps207.51+0.242%Polymarket Perps207.58+0.275%Coinbase International207.59+0.280%ApeX Omni207.62+0.295%
QFEX207.70+0.333%
Gate207.70+0.333%BloFin207.71+0.338%KuCoin207.74+0.353%Extended207.80+0.380%Deribit207.82+0.391%Orderly207.83+0.396%tradeXYZ207.84+0.401%Aevo207.85+0.406%Lighter207.89+0.425%OKX207.90+0.430%Aster207.93+0.447%Bybit207.94+0.449%Binance207.98+0.471%Bitget208.02+0.488%SunX208.07+0.512%

CBRS on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix CBRSshort−0.332%0.0000%1h$1K$107K10x
edgeX CBRSUSDC−0.269%+0.0991%4h$24K$216K10xas long as short
HTX CBRS-USDT−0.226%0.0000%8h$9K$5K20xas long as short
Variational Omni CBRS−0.154%0.0000%8h$403K$320K—as long as short
Vest CBRS-USD-PERP−0.120%+0.0024%1h—$82K10xas long as short
Ondo Perps CBRS-USD.P−0.091%+0.0050%1h$341K$808K10xas long as short
Polymarket Perps CBRS-USD−0.058%+0.0050%1h$25K$1.1M10xas long as short
Coinbase International CBRS-PERP-INTX−0.053%+0.0248%1h$116K$84K10xas long as short
ApeX Omni CBRSUSDT−0.039%+0.0100%1h$25K$131K50xas long as short
QFEX CBRS-USDlong0.000%+0.0017%1h$1.1M$2.5M10x
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate CBRS_USDT0.000%0.0000%8h$2.8M$2.9M50xas long as short
BloFin CBRS-USDT+0.005%−0.0020%8h$149K$64K20xas long as short
KuCoin CBRSUSDTM+0.019%+0.0100%8h$141K$86K20xas long as short
Extended CBRS_24_5-USD+0.046%0.0000%1h$42K$246K10xas long as short
Deribit CBRS_USDC-PERPETUAL+0.058%+0.0231%1h$12K$51K10xas long as short
Orderly PERP_CBRS_USDC_mythos+0.063%+0.0100%8h$853$1K10xas long as short
tradeXYZ xyz:CBRS+0.067%−0.0119%1h$42.8M$2.9M10xas long as short
Aevo CBRS-PERP+0.072%+0.0104%1h$241—10xas long as short
Lighter CBRS+0.091%+0.0032%1h$88K$764K10xas long as short
OKX CBRS-USDT-SWAP+0.096%0.0000%8h$2.2M$3.3M25xas long as short
Aster CBRSUSDT+0.113%0.0000%8h$61K$126K20xas long as short
Bybit CBRSUSDT+0.116%0.0000%8h$2.0M$1.7M25xas long as short
Binance CBRSUSDT+0.137%0.0000%8h$10.3M$26.8M25xas long as short
Bitget CBRSUSDT+0.154%0.0000%8h$2.4M$2.7M20xas long as short
SunX CBRS-USDT+0.178%0.0000%8h$1K$3.4M10xas long as short