Funding arb · Price arb /

BRKB

RWAall BRKB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0401%/8h= −43.9% APRpaid last 24h +0.110%

Price spread now: Phemex against edgeX+0.019%78s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1221.218% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.019%, 7d avg +0.011%

Together, before fees−0.149%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% 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	504.31	0.0401	pay 0.0201% / 4h	2h 41m	$26K	$250K	10x
Short	Phemex BRKBUSDT	504.41	0	get 0.0000% / 8h	6h 41m	$1.3M	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$84.21
Price spread: +0.019% → +0.011%: $0.76
Slippage, 4 orders: −$100.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$205.23
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from edgeX: live order book, 25 min ago; Phemex: live order book, 1 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, 25 min ago	5.16 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	1.88 bp	53.0 bp −$53	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	504.09	−0.045%	$297K	$30K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	504.44	+0.025%	$2.6M	$1.5M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	505.06	+0.148%	$105K	$13K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	505.30	+0.196%	$486K	$140K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.30	−0.003%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.35	+0.007%	$426K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.41	+0.019%	$2K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.79	+0.094%	$7K	$37K	20x	as long as short
Phemex BRKBUSDTshort	0.0000%	8h	504.41	+0.019%	$1.3M	$61K	10x
QFEX BRK.B-USD	+0.0043%	1h	503.20	−0.221%	$1.1M	$3.1M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BRKBUSDTM	+0.0100%	8h	504.75	+0.086%	$40K	$1.4M	20x	as long as short
Bitget BRKBUSDT	+0.0207%	8h	504.42	+0.021%	$365K	$70K	20x	as long as short
edgeX BRKBUSDClong	+0.0401%	4h	504.31	long leg	$26K	$250K	10x
GRVT BRKB_USDT_Perp	+0.1046%	8h	504.31	−0.001%	$3K	$217K	10x	as long as short