Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0365%/8h= +40.0% APRpaid last 24h −0.120%

Price spread now: edgeX against Bybit−0.256%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.256% cheaper against Bybit than usual: you would sell low and buy high (spread −0.256% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 2.3 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.237% in total) that is about 7.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.3% a year). A funding rate is set anew for every payment. 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	Bybit BRKBUSDT	504.49	0	get 0.0000% / 8h	18m 53s	$98K	$40K	25x
Short	edgeX BRKBUSDC	503.20	0.0365	get 0.0183% / 4h	18m 53s	$26K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now −0.256%Rate

Funding earned: $76.65
Price spread: −0.256% → 0.000%: −$25.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $31.05
Costs to cover: 0.200%
Break-even: 4.2 days

Slippage unknown: Bybit: no order-book sample; edgeX: live order book, 18 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 Bybit no order-book sample	—	—	—	—	—
Sell edgeX live order book, 18 min ago	5.56 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit

Bybit: 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.

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	503.66	−0.165%	$297K	$30K	20x	as long as short
Bybit BRKBUSDTlong	0.0000%	8h	504.49	long leg	$98K	$40K	25x
Gate BRKB_USDT	0.0000%	8h	503.90	−0.117%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.73	−0.151%	$367K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.45	−0.206%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.84	−0.129%	$6K	$40K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.50	−0.196%	$1.3M	$64K	10x	as long as short
QFEX BRK.B-USD	+0.0012%	1h	502.72	−0.351%	$1.1M	$3.3M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	503.88	−0.121%	$48K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0151%	8h	503.40	−0.216%	$427K	$20K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BRKB-USDT-SWAP	+0.0193%	8h	504.23	−0.052%	$486K	$150K	20x	as long as short
edgeX BRKBUSDCshort	+0.0365%	4h	503.20	−0.256%	$26K	$247K	10x
Binance BRKBUSDT	+0.0386%	8h	503.46	−0.205%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0768%	8h	503.45	−0.206%	$2K	$235K	10x	as long as short