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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Phoenix against SunX−0.172%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2082.080% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 3 days (all we have)+0.125%+$13 · spread now −0.172%, 7d avg −0.161%
Together, before fees+0.080%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CBRS-USDT209.050get 0.0000% / 8h1h 45m$1K$3.4M10x
ShortPhoenix CBRS208.690get 0.0000% / 1h45m 12s$1K$112K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$0
Price spread: −0.172% → −0.161%
−$1.13
Slippage, 4 orders
−$192.99
Fee SunX: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$209.12
Costs to cover
2.080%
Break-even
never at this rate
Slippage from SunX: live order book, 3 min ago; Phoenix: live order book, 30 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, 3 min ago29.65 bp48.2 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 30 min ago10.56 bp40.4 bp −$40102.7 bp −$1,027doesn'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
edgeX CBRSUSDC−0.0901%4h208.78−0.127%$24K$221K10xas long as short
tradeXYZ xyz:CBRS−0.0150%1h208.60−0.215%$42.7M$3.6M10xas long as short
Coinbase International CBRS-PERP-INTX−0.0008%1h208.44−0.292%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h208.66−0.186%$65K$147K20xas long as short
Bybit CBRSUSDT0.0000%8h208.85−0.096%$2.0M$1.9M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h208.80−0.120%$2.2M$3.6M25xas long as short
Gate CBRS_USDT0.0000%8h208.80−0.120%$2.9M$3.1M50xas long as short
Bitget CBRSUSDT0.0000%8h208.83−0.105%$2.4M$2.8M20xas long as short
Phoenix CBRSshort0.0000%1h208.69−0.172%$1K$112K10x
SunX CBRS-USDTlong0.0000%8h209.05long leg$1K$3.4M10x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX CBRS-USDT0.0000%8h208.81−0.115%$9K$6K20xas long as short
Vest CBRS-USD-PERP+0.0023%1h208.71−0.163%$90K10xas long as short
QFEX CBRS-USD+0.0027%1h208.81−0.115%$1.1M$3.3M10xas long as short
Lighter CBRS+0.0032%1h208.70−0.167%$92K$883K10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h208.72−0.158%$31K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h208.60−0.215%$344K$906K10xas long as short
Variational Omni CBRS+0.0095%8h208.76−0.139%$422K$321Kas long as short
KuCoin CBRSUSDTM+0.0100%8h208.79−0.124%$143K$97K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h208.50−0.263%$25K$138K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h208.81−0.115%$857$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h208.82−0.111%$24210xas long as short
Binance CBRSUSDT+0.0132%8h208.88−0.081%$10.3M$30.3M25xas long as short
Extended CBRS_24_5-USD+0.0136%1h208.83−0.107%$43K$246K10xas long as short
BloFin CBRS-USDT+0.0146%8h208.81−0.115%$146K$70K20xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0181%1h208.83−0.105%$12K$52K10xas long as short
GRVT CBRS_USDT_Perp+0.0298%8h208.80−0.117%$514$239K10xas long as short