Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.076%

Price spread now: QFEX against Binance−0.040%7-day average −0.109% · 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−$216as in the Price arb table

costs, in and out, $10k−$2232.234% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.102%−$10 on $10k

Price spread, last 2 days (all we have)+0.174%+$17 · spread now −0.040%, 7d avg −0.109%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.069% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.109%. Mind the row above: over the last 3 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BRKBUSDT	503.90	0	get 0.0000% / 8h	24m 26s	$2.6M	$1.4M	20x
Short	QFEX BRK.B-USD	503.70	0.0018	get 0.0002% / 1h	24m 26s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $3.85
Price spread: −0.040% → −0.109%: $6.91
Slippage, 4 orders: −$203.36
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$212.6
Costs to cover: 2.234%
Break-even: 393.8 days

Slippage from Binance: live order book, 11 min ago; QFEX: live order book, 3 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 Binance live order book, 11 min ago	0.69 bp	16.5 bp −$16	51.0 bp −$510	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	77.13 bp	96.7 bp −$97	99.9 bp −$999	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 BRKBUSDT	0.0000%	8h	504.19	+0.058%	$285K	$17K	20x	as long as short
Binance BRKBUSDTlong	0.0000%	8h	503.90	long leg	$2.6M	$1.4M	20x
Bybit BRKBUSDT	0.0000%	8h	504.59	+0.137%	$99K	$10K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	504.76	+0.171%	$481K	$135K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.20	+0.060%	$524K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	503.89	−0.003%	$426K	$12K	—	as long as short
GRVT BRKB_USDT_Perp	0.0000%	8h	504.03	+0.027%	$2K	$219K	10x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.91	+0.002%	$2K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.27	+0.073%	$6K	$37K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.90	0.000%	$1.3M	$57K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BRK.B-USDshort	+0.0018%	1h	503.70	−0.040%	$1.1M	$3.1M	10x
KuCoin BRKBUSDTM	+0.0100%	8h	504.63	+0.145%	$38K	$1.3M	20x	as long as short
Bitget BRKBUSDT	+0.0332%	8h	503.97	+0.014%	$362K	$68K	20x	as long as short
edgeX BRKBUSDC	+0.0623%	4h	503.89	−0.002%	$26K	$248K	10x	as long as short