Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.007%
Price spread now: Phoenix against Vest+0.058%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.058% dearer against Vest than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | Vest CBRS-USD-PERP | 207.11 | 0.0017 | pay 0.0002% / 1h | 13m 35s | — | $98K | 10x |
| Short | Phoenix CBRS | 207.23 | 0.0038 | get 0.0005% / 1h | 13m 35s | $1K | $108K | 10x |
Vest CBRS-USD-PERP
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $4.47
- Price spread: +0.058% → 0.000%
- $5.79
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $1.26
- Costs to cover
- 0.090%
- Break-even
- 5.0 days
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 31 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 31 min ago | 10.55 bp | 40.2 bp −$40 | 102.0 bp −$1,020 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0944% | 4h | 207.23 | +0.057% | $23K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0342% | 1h | 207.08 | −0.014% | $42.3M | $3.7M | 10x | as long as short |
| Bitget CBRSUSDT | −0.0036% | 8h | 207.47 | +0.174% | $2.4M | $2.4M | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.27 | +0.078% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.40 | +0.140% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.66 | +0.266% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 207.37 | +0.126% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERPlong | +0.0017% | 1h | 207.11 | long leg | — | $98K | 10x | |
| Lighter CBRS | +0.0032% | 1h | 207.26 | +0.072% | $89K | $864K | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 207.23 | +0.058% | $1K | $108K | 10x |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Bitget CBRSUSDT
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 207.15 | +0.019% | $51K | $1.1M | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0052% | 8h | 207.26 | +0.073% | $1K | $212K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 207.31 | +0.097% | $1.1M | $3.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0065% | 8h | 207.38 | +0.130% | $418K | $82K | — | as long as short |
| Ondo Perps CBRS-USD.P | +0.0071% | 1h | 207.32 | +0.101% | $336K | $719K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 207.37 | +0.126% | $115K | $112K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.37 | +0.126% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.29 | +0.087% | $820 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.32 | +0.099% | $240 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0135% | 8h | 207.37 | +0.126% | $10.1M | $29.7M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 207.31 | +0.097% | $48K | $258K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0150% | 8h | 207.42 | +0.150% | $147K | $69K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +1.526% | $115K | $116K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0354% | 8h | 207.41 | +0.145% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0356% | 8h | 207.50 | +0.188% | $2.8M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1344% | 1h | 207.35 | +0.116% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
GRVT CBRS_USDT_Perp
QFEX CBRS-USD
Variational Omni CBRS
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL