Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0339%/8h= +37.2% APRpaid last 24h +0.110%

Price spread now: SunX against edgeX+0.018%74s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as 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−$1481.478% of the position

Long on edgeX Short on SunX

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)+0.013%+$1 · spread now +0.018%, 7d avg +0.007%

Together, before fees−0.152%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour. The two prices were read 74 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	504.15	−0.0339	get 0.0170% / 4h	3h 28m	$26K	$250K	10x
Short	SunX BRKB-USDT	504.24	0	get 0.0000% / 8h	7h 28m	$1K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $71.27
Price spread: +0.018% → +0.007%: $1.06
Slippage, 4 orders: −$130.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$75.44
Costs to cover: 1.478%
Break-even: 14.4 days

Slippage from edgeX: live order book, 44 min ago; SunX: live order book, 6 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, 44 min ago	5.16 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	45.32 bp	64.0 bp −$64	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
edgeX BRKBUSDClong	−0.0339%	4h	504.15	long leg	$26K	$250K	10x
Aster BRKBUSDT	0.0000%	8h	504.08	−0.014%	$297K	$30K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	504.26	+0.022%	$2.6M	$1.4M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	505.07	+0.183%	$105K	$13K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	504.88	+0.145%	$481K	$135K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.60	+0.089%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.16	+0.001%	$426K	$13K	—	as long as short
SunX BRKB-USDTshort	0.0000%	8h	504.24	+0.018%	$1K	$1.4M	10x
HTX BRKB-USDT	0.0000%	8h	504.28	+0.026%	$7K	$37K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.27	+0.024%	$1.3M	$58K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BRK.B-USD	+0.0010%	1h	503.16	−0.196%	$1.1M	$3.2M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.69	+0.107%	$41K	$1.3M	20x	as long as short
Bitget BRKBUSDT	+0.0352%	8h	504.36	+0.042%	$365K	$70K	20x	as long as short
GRVT BRKB_USDT_Perp	+0.1399%	8h	504.32	+0.033%	$3K	$218K	10x	as long as short