Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0879%/8h= −96.2% APRpaid last 24h +0.120%

Price spread now: Aster against edgeX−0.069%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$472as in the Funding arb table

Net, price: spread back to 7d avg − costs−$457as in the Price arb table

costs, in and out, $10k−$4494.486% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.069%, 7d avg +0.020%

Together, before fees−0.181%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Aster is 0.089% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

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	edgeX BRKBUSDC	503.81	0.0879	pay 0.0439% / 4h	1h 07m	$26K	$247K	10x
Short	Aster BRKBUSDT	503.47	0	get 0.0000% / 8h	1h 07m	$297K	$30K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$184.49
Price spread: −0.069% → +0.020%: −$8.89
Slippage, 4 orders: −$431.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$641.94
Costs to cover: 4.486%
Break-even: never at this rate

Slippage from edgeX: live order book, 35 min ago; Aster: live order book, 35 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 edgeX live order book, 35 min ago	5.16 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 35 min ago	20.20 bp	76.4 bp −$76	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
QFEX BRK.B-USD	−0.0012%	1h	503.05	−0.151%	$1.1M	$3.2M	10x	as long as short
Aster BRKBUSDTshort	0.0000%	8h	503.47	−0.069%	$297K	$30K	20x
Bybit BRKBUSDT	0.0000%	8h	504.90	+0.216%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.60	+0.156%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	504.18	+0.073%	$368K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.86	+0.009%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.26	+0.089%	$7K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.98	+0.033%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.08	+0.053%	$47K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0191%	8h	503.82	+0.002%	$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	+0.0223%	8h	504.53	+0.142%	$484K	$147K	20x	as long as short
Binance BRKBUSDT	+0.0416%	8h	503.90	+0.017%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0820%	8h	503.96	+0.029%	$3K	$232K	10x	as long as short
edgeX BRKBUSDClong	+0.0879%	4h	503.81	long leg	$26K	$247K	10x