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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRnext payment +$1.68 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against SunX−0.057%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1631.632% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.095%+$10 on $10k
Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.057%, 7d avg −0.112%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.055% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.112%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CBRS-USDT210.170get 0.0000% / 8h7h 05m$1K$3.2M10x
ShortBybit CBRSUSDT210.050.0168get 0.0168% / 8h7h 05m$2.0M$1.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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
$35.33
Price spread: −0.057% → −0.112%
$5.52
Slippage, 4 orders
−$144.25
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$122.4
Costs to cover
1.632%
Break-even
31.2 days
Slippage from SunX: live order book, 2 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 2 min ago30.19 bp48.5 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago3.57 bp18.8 bp −$19122.7 bp −$1,227doesn't fitdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CBRSUSDT0.0000%8h209.90−0.131%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h210.00−0.081%$2.2M$3.6M25xas long as short
Bitget CBRSUSDT0.0000%8h209.93−0.114%$2.4M$2.8M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h210.01−0.077%$1K$211K10xas long as short
SunX CBRS-USDTlong0.0000%8h210.17long leg$1K$3.2M10x
HTX CBRS-USDT0.0000%8h210.13−0.019%$9K$9K20xas long as short
Coinbase International CBRS-PERP-INTX+0.0024%1h208.44−0.823%$114K$114K10xas long as short
Vest CBRS-USD-PERP+0.0030%1h209.53−0.305%$98K10xas long as short
QFEX CBRS-USD+0.0031%1h209.85−0.152%$1.1M$3.4M10xas long as short
Lighter CBRS+0.0032%1h209.92−0.119%$91K$869K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix CBRS+0.0038%1h209.79−0.181%$1K$111K10xas long as short
tradeXYZ xyz:CBRS+0.0050%1h209.70−0.224%$42.9M$3.6M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h209.76−0.195%$53K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h210.01−0.076%$342K$924K10xas long as short
Gate CBRS_USDT+0.0053%8h210.00−0.081%$2.9M$3.0M50xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.87−0.143%$114K$122K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h210.16−0.005%$25K$138K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.91−0.124%$862$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.94−0.109%$24410xas long as short
Bybit CBRSUSDTshort+0.0168%8h210.05−0.057%$2.0M$1.9M25x
Variational Omni CBRS+0.0406%8h209.88−0.137%$424K$321Kas long as short
Extended CBRS_24_5-USD+0.0440%1h209.86−0.148%$46K$270K10xas long as short
Binance CBRSUSDT+0.0443%8h209.91−0.123%$10.3M$29.7M25xas long as short
BloFin CBRS-USDT+0.0456%8h209.99−0.086%$147K$71K20xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0608%1h209.89−0.133%$12K$5K10xas long as short
edgeX CBRSUSDC+0.0807%4h209.97−0.094%$24K$221K10xas long as short