Funding arb · Price arb /

BRKB

RWAall BRKB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.004%

Price spread now: QFEX against Bybit−0.370%53s7-day average −0.087% · 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−$2482.479% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.370%, 7d avg −0.087%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.283% cheaper against Bybit than usual: you would sell low and buy high (spread −0.370% now, against its 7-day average of −0.087%). If the spread goes back, that is −$28 on $10k: about 22 days of funding at the current rate (+$1 a day). The two prices were read 53 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	Bybit BRKBUSDT	505.07	0	get 0.0000% / 8h	6h 44m	$105K	$13K	25x
Short	QFEX BRK.B-USD	503.20	0.0043	get 0.0005% / 1h	44m 43s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.370%Rate

Funding earned: $8.99
Price spread: −0.370% → −0.087%: −$28.34
Slippage, 4 orders: −$226.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$267.22
Costs to cover: 2.479%
Break-even: 215.1 days

Slippage from Bybit: live order book, 20 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 Bybit live order book, 20 min ago	16.23 bp	111.3 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.79 bp	6.8 bp −$7	7.9 bp −$79	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	504.10	−0.193%	$297K	$30K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	504.45	−0.122%	$2.6M	$1.5M	20x	as long as short
Bybit BRKBUSDTlong	0.0000%	8h	505.07	long leg	$105K	$13K	25x
OKX BRKB-USDT-SWAP	0.0000%	8h	505.50	+0.085%	$486K	$141K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.30	−0.152%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.35	−0.143%	$426K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.39	−0.135%	$1K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.72	−0.069%	$6K	$37K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.42	−0.129%	$1.3M	$61K	10x	as long as short
QFEX BRK.B-USDshort	+0.0043%	1h	503.20	−0.370%	$1.1M	$3.1M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BRKBUSDTM	+0.0100%	8h	504.39	−0.135%	$40K	$1.4M	20x	as long as short
Bitget BRKBUSDT	+0.0216%	8h	504.42	−0.129%	$365K	$70K	20x	as long as short
edgeX BRKBUSDC	+0.0401%	4h	504.31	−0.150%	$26K	$250K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.1014%	8h	504.34	−0.145%	$3K	$217K	10x	as long as short