Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.061%

Price spread now: QFEX against edgeX−0.141%57s7-day average −0.015% · 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−$360.363% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.141%, 7d avg −0.015%

Together, before fees−0.034%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.126% cheaper against edgeX than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.015%). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 57 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	edgeX BRKBUSDC	503.75	−0.0040	get 0.0020% / 4h	1h 52m	$26K	$246K	10x
Short	QFEX BRK.B-USD	503.04	0.0000	pay 0.0000% / 1h	52m 21s	$1.1M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.141%Rate

Funding earned: $8.35
Price spread: −0.141% → −0.015%: −$12.64
Slippage, 4 orders: −$17.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$40.58
Costs to cover: 0.363%
Break-even: 41.0 days

Slippage from edgeX: live order book, 58 min ago; QFEX: live order book, 4 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, 58 min ago	5.66 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.09 bp	7.4 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit

BRKB on 14 exchanges

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
edgeX BRKBUSDClong	−0.0040%	4h	503.75	long leg	$26K	$246K	10x
QFEX BRK.B-USDshort	0.0000%	1h	503.04	−0.141%	$1.1M	$2.9M	10x
Aster BRKBUSDT	0.0000%	8h	504.49	+0.146%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.08	+0.065%	$98K	$41K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.40	+0.129%	$541K	$33K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.91	+0.031%	$1K	$1.1M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.25	+0.099%	$7K	$40K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.07	+0.063%	$1.3M	$62K	10x	as long as short
Bitget BRKBUSDT	+0.0010%	8h	504.15	+0.079%	$396K	$65K	20x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.36	+0.121%	$47K	$1.5M	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRKB	+0.0203%	8h	503.69	−0.012%	$426K	$21K	—	as long as short
OKX BRKB-USDT-SWAP	+0.0270%	8h	504.32	+0.113%	$487K	$148K	20x	as long as short
Binance BRKBUSDT	+0.0413%	8h	503.99	+0.047%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0895%	8h	503.91	+0.031%	$2K	$246K	10x	as long as short