BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0378%/8h= −41.4% APRnext payment −$3.78 per $10,000 · paid last 24h −0.114%

Price spread now: Phemex against Bitget−0.044%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1621.620% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.044%, 7d avg −0.017%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Phemex is 0.027% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.215% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BRKBUSDT	504.93	0.0378	pay 0.0378% / 8h	7h 36m	$366K	$70K	20x
Short	Phemex BRKBUSDT	504.71	0	get 0.0000% / 8h	7h 36m	$1.3M	$58K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$79.38
Price spread: −0.044% → −0.017%: −$2.68
Slippage, 4 orders: −$138.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$244.1
Costs to cover: 1.620%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; Phemex: live order book, 1 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 Bitget live order book, 29 min ago	7.64 bp	21.3 bp −$21	28.9 bp −$289	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.77 bp	57.0 bp −$57	doesn't fit	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	504.29	−0.128%	$297K	$30K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	504.35	−0.115%	$2.6M	$1.4M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	505.04	+0.022%	$103K	$12K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	505.34	+0.081%	$482K	$135K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.80	−0.026%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.78	−0.029%	$426K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.62	−0.061%	$1K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.93	0.000%	$6K	$37K	20x	as long as short
Phemex BRKBUSDTshort	0.0000%	8h	504.71	−0.044%	$1.3M	$58K	10x
QFEX BRK.B-USD	+0.0010%	1h	503.36	−0.311%	$1.1M	$3.2M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BRKBUSDTM	+0.0100%	8h	504.38	−0.109%	$37K	$1.3M	20x	as long as short
Bitget BRKBUSDTlong	+0.0378%	8h	504.93	long leg	$366K	$70K	20x
edgeX BRKBUSDC	+0.0880%	4h	504.47	−0.092%	$26K	$249K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.1672%	8h	504.76	−0.034%	$3K	$219K	10x	as long as short