Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0369%/8h= −40.4% APRpaid last 24h −0.119%

Price spread now: QFEX against Bitget−0.293%46s7-day average −0.033% · 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−$2252.248% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.293%, 7d avg −0.033%

Together, before fees−0.059%−$6 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 QFEX is 0.260% cheaper against Bitget than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 46 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	Bitget BRKBUSDT	504.91	0.0379	pay 0.0379% / 8h	7h 37m	$366K	$70K	20x
Short	QFEX BRK.B-USD	503.43	0.0010	get 0.0001% / 1h	37m 51s	$1.1M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.293%Rate

Funding earned: −$77.52
Price spread: −0.293% → −0.033%: −$26.04
Slippage, 4 orders: −$202.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$328.39
Costs to cover: 2.248%
Break-even: never at this rate

Slippage from Bitget: live order book, 27 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 Bitget live order book, 27 min ago	7.64 bp	21.3 bp −$21	28.9 bp −$289	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 BRKBUSDT	0.0000%	8h	504.36	−0.110%	$297K	$30K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	504.57	−0.067%	$2.6M	$1.4M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	505.12	+0.042%	$103K	$12K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	505.34	+0.085%	$482K	$136K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.90	−0.002%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.78	−0.025%	$426K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.61	−0.059%	$1K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.93	+0.004%	$6K	$37K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.80	−0.022%	$1.3M	$58K	10x	as long as short
QFEX BRK.B-USDshort	+0.0010%	1h	503.43	−0.293%	$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	−0.089%	$38K	$1.3M	20x	as long as short
Bitget BRKBUSDTlong	+0.0379%	8h	504.91	long leg	$366K	$70K	20x
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	−0.007%	$3K	$219K	10x	as long as short