Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0843%/8h= +92.3% APRpaid last 24h +0.162%

Price spread now: Variational Omni against edgeX+0.008%7-day average −0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.008%, 7d avg −0.005%

Together, before fees+0.057%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.064% in total (about 6.4% 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	502.98	−0.0682	get 0.0341% / 4h	22m 49s	$26K	$247K	10x
Short	Variational Omni BRKB	503.03	0.0160	get 0.0160% / 8h	22m 49s	$427K	$20K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.008%Rate

Funding earned: $176.93
Price spread: +0.008% → −0.005%: $1.34
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $169.27
Costs to cover: 0.090%
Break-even: 0.3 days

Slippage unknown: edgeX: live order book, 14 min ago; Variational Omni: RFQ quote, 16 min ago. Net counts fees only.

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, 14 min ago	5.56 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 16 min ago	2.53 bp	doesn't fit	37.3 bp −$373	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	−0.0682%	4h	502.98	long leg	$26K	$247K	10x
Aster BRKBUSDT	0.0000%	8h	504.43	+0.287%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.46	+0.293%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	503.90	+0.182%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.75	+0.152%	$368K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.26	+0.055%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.64	+0.130%	$6K	$40K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.14	+0.031%	$1.3M	$64K	10x	as long as short
QFEX BRK.B-USD	+0.0012%	1h	502.58	−0.081%	$1.1M	$3.3M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	503.90	+0.182%	$47K	$1.4M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRKBshort	+0.0160%	8h	503.03	+0.008%	$427K	$20K	—
OKX BRKB-USDT-SWAP	+0.0206%	8h	503.71	+0.144%	$486K	$150K	20x	as long as short
Binance BRKBUSDT	+0.0392%	8h	503.14	+0.031%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0776%	8h	503.45	+0.093%	$2K	$234K	10x	as long as short