Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.004%

Price spread now: QFEX against Aster−0.182%53s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4684.681% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.182%, 7d avg −0.024%

Together, before fees−0.078%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.158% cheaper against Aster than usual: you would sell low and buy high (spread −0.182% now, against its 7-day average of −0.024%). If the spread goes back, that is −$16 on $10k: about 53 days of funding at the current rate ($0 a day). The two prices were read 53 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	Aster BRKBUSDT	504.35	0	get 0.0000% / 8h	7h 37m	$297K	$30K	20x
Short	QFEX BRK.B-USD	503.43	0.0010	get 0.0001% / 1h	37m 35s	$1.1M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee QFEXbpOrdersPrice spread, now −0.182%Rate

Funding earned: $2.07
Price spread: −0.182% → −0.024%: −$15.78
Slippage, 4 orders: −$450.09
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$481.81
Costs to cover: 4.681%
Break-even: 1639.1 days

Slippage from Aster: live order book, 34 min ago; QFEX: live order book, 5 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 Aster live order book, 34 min ago	49.13 bp	231.9 bp −$232	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	77.16 bp	86.0 bp −$86	88.4 bp −$884	doesn't fit	doesn't fit

BRKB on 14 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 BRKBUSDTlong	0.0000%	8h	504.35	long leg	$297K	$30K	20x
Binance BRKBUSDT	0.0000%	8h	504.57	+0.044%	$2.6M	$1.4M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	505.12	+0.153%	$103K	$12K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	505.34	+0.197%	$482K	$136K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.90	+0.110%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.78	+0.086%	$426K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.61	+0.052%	$1K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.93	+0.116%	$6K	$37K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.80	+0.090%	$1.3M	$58K	10x	as long as short
QFEX BRK.B-USDshort	+0.0010%	1h	503.43	−0.182%	$1.1M	$3.2M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BRKBUSDTM	+0.0100%	8h	504.46	+0.022%	$38K	$1.3M	20x	as long as short
Bitget BRKBUSDT	+0.0379%	8h	504.92	+0.114%	$366K	$70K	20x	as long as short
edgeX BRKBUSDC	+0.0520%	4h	504.63	+0.056%	$26K	$248K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.1907%	8h	504.88	+0.105%	$3K	$219K	10x	as long as short