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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0515%/8h= −56.4% APRpaid last 24h −0.047%
Price spread now: tradeXYZ against SunX−0.295%7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1531.531% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.216%−$22 on $10k
Price spread, last 3 days (all we have)+0.122%+$12 · spread now −0.295%, 7d avg −0.210%
Together, before fees−0.094%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and tradeXYZ is 0.085% cheaper against SunX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.210%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CBRS-USDT210.210get 0.0000% / 8h6h 59m$967$3.2M10x
ShorttradeXYZ xyz:CBRS209.59−0.0515pay 0.0064% / 1h59m 00s$42.9M$3.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$108.08
Price spread: −0.295% → −0.210%
−$8.47
Slippage, 4 orders
−$127.05
Fee SunX: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$269.6
Costs to cover
1.531%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; tradeXYZ: live order book, 10 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, 9 min ago30.19 bp48.5 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 10 min ago0.95 bp11.9 bp −$12doesn't fitdoesn'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
tradeXYZ xyz:CBRSshort−0.0515%1h209.59−0.295%$42.9M$3.6M10x
Polymarket Perps CBRS-USD−0.0157%1h209.74−0.224%$53K$1.1M10xas long as short
Coinbase International CBRS-PERP-INTX−0.0040%1h208.44−0.842%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h209.88−0.156%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.84−0.176%$2.2M$3.6M25xas long as short
Bitget CBRSUSDT0.0000%8h209.87−0.162%$2.4M$2.8M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h209.98−0.109%$1K$210K10xas long as short
SunX CBRS-USDTlong0.0000%8h210.21long leg$967$3.2M10x
HTX CBRS-USDT0.0000%8h210.06−0.071%$9K$9K20xas long as short
Vest CBRS-USD-PERP+0.0029%1h209.68−0.252%$98K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CBRS-USD+0.0031%1h209.85−0.171%$1.1M$3.4M10xas long as short
Lighter CBRS+0.0032%1h209.81−0.190%$91K$842K10xas long as short
Phoenix CBRS+0.0038%1h209.76−0.214%$1K$109K10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.81−0.190%$342K$923K10xas long as short
Gate CBRS_USDT+0.0074%8h210.00−0.100%$2.9M$2.9M50xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.87−0.162%$114K$122K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h209.88−0.157%$25K$138K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.91−0.143%$862$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.92−0.137%$24410xas long as short
Bybit CBRSUSDT+0.0197%8h209.91−0.143%$2.0M$1.9M25xas long as short
edgeX CBRSUSDC+0.0394%4h209.93−0.132%$24K$221K10xas long as short
Variational Omni CBRS+0.0407%8h209.93−0.132%$424K$321Kas long as short
BloFin CBRS-USDT+0.0431%8h209.90−0.147%$147K$71K20xas long as short
Binance CBRSUSDT+0.0439%8h209.85−0.172%$10.3M$29.7M25xas long as short
Extended CBRS_24_5-USD+0.0440%1h209.79−0.201%$46K$270K10xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0608%1h209.91−0.143%$12K$5K10xas long as short