BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1100%/8h= +120.5% APRnext payment +$11.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Bybit−0.099%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8,887as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8,926as in the Price arb table

costs, in and out, $10k−$8,92189.208% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.099%, 7d avg −0.042%

Together, before fees+0.303%+ Points / potential airdropGRVT: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.057% cheaper against Bybit than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.042%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.338% in total) that is about 28 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.338% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.00 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	Bybit BRKBUSDT	504.51	0	get 0.0000% / 8h	6h 03m	$105K	$13K	25x
Short	GRVT BRKB_USDT_Perp	504.01	0.1100	get 0.1100% / 8h	6h 03m	$2K	$215K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.099%Rate

Funding earned: $231
Price spread: −0.099% → −0.042%: −$5.66
Slippage, 4 orders: −$8,900.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$8,695.48
Costs to cover: 89.208%
Break-even: 270.5 days

Slippage from Bybit: live order book, 61 min ago; GRVT: live order book, 64 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 Bybit live order book, 61 min ago	16.23 bp	111.3 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 64 min ago	1.19 bp	14.8 bp −$15	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	503.75	−0.151%	$297K	$30K	20x	as long as short
Bybit BRKBUSDTlong	0.0000%	8h	504.51	long leg	$105K	$13K	25x
Gate BRKB_USDT	0.0000%	8h	504.30	−0.042%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	503.95	−0.112%	$425K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.03	−0.095%	$1K	$1.3M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.32	−0.038%	$7K	$38K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.94	−0.113%	$1.3M	$59K	10x	as long as short
Binance BRKBUSDT	+0.0009%	8h	503.96	−0.109%	$2.6M	$1.4M	20x	as long as short
QFEX BRK.B-USD	+0.0043%	1h	502.72	−0.355%	$1.1M	$3.1M	10x	as long as short
Bitget BRKBUSDT	+0.0077%	8h	504.06	−0.089%	$365K	$68K	20x	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	+0.0088%	8h	504.86	+0.069%	$486K	$139K	20x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.22	−0.057%	$41K	$1.4M	20x	as long as short
edgeX BRKBUSDC	+0.0385%	4h	503.85	−0.130%	$26K	$249K	10x	as long as short
GRVT BRKB_USDT_Perpshort	+0.1100%	8h	504.01	−0.099%	$2K	$215K	10x