Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.043%
Price spread now: Phoenix against tradeXYZ−0.014%81s7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1141.141% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.014%, 7d avg +0.052%
=Together, before fees+0.321%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phoenix is 0.066% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.170%, so the current rate has only just turned against you. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CBRS | 209.79 | 0.0050 | pay 0.0006% / 1h | 0m 04s | $42.9M | $3.6M | 10x |
| Short | Phoenix CBRS | 209.76 | 0.0038 | get 0.0005% / 1h | 0m 04s | $1K | $111K | 10x |
tradeXYZ xyz:CBRS
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.49
- Price spread: −0.014% → +0.052%
- −$6.62
- Slippage, 4 orders
- −$89.09
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$123.2
- Costs to cover
- 1.141%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Phoenix: live order book, 65 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 tradeXYZ live order book, 9 min ago | 0.95 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 65 min ago | 11.46 bp | 45.4 bp −$45 | 116.2 bp −$1,162 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.91 | +0.058% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.98 | +0.091% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.92 | +0.062% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.98 | +0.089% | $1K | $211K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.21 | +0.200% | $967 | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.06 | +0.129% | $9K | $9K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.644% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0029% | 1h | 209.68 | −0.052% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 209.88 | +0.043% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.83 | +0.019% | $91K | $869K | 10x | as long as short |
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CBRSshort | +0.0038% | 1h | 209.76 | −0.014% | $1K | $111K | 10x | |
| tradeXYZ xyz:CBRSlong | +0.0050% | 1h | 209.79 | long leg | $42.9M | $3.6M | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.76 | −0.014% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.08 | +0.138% | $342K | $924K | 10x | as long as short |
| Gate CBRS_USDT | +0.0084% | 8h | 210.00 | +0.100% | $2.9M | $3.0M | 50x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.92 | +0.062% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.88 | +0.043% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.96 | +0.081% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.98 | +0.092% | $244 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0199% | 8h | 210.04 | +0.119% | $2.0M | $1.9M | 25x | as long as short |
| edgeX CBRSUSDC | +0.0394% | 4h | 209.93 | +0.068% | $24K | $221K | 10x | as long as short |
| Variational Omni CBRS | +0.0407% | 8h | 209.93 | +0.068% | $424K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0419% | 8h | 209.97 | +0.086% | $147K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0440% | 8h | 209.92 | +0.062% | $10.3M | $29.7M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0440% | 1h | 209.87 | +0.037% | $46K | $270K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0704% | 1h | 209.92 | +0.062% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
edgeX CBRSUSDC
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
Deribit CBRS_USDC-PERPETUAL