BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0820%/8h= +89.8% APRnext payment +$8.20 per $10,000 · paid last 24h +0.132%

Price spread now: GRVT against Gate−0.127%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5,836as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5,897as in the Price arb table

costs, in and out, $10k−$5,88358.834% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.127%, 7d avg +0.012%

Together, before fees+0.561%+ Points / potential airdropGRVT: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.139% cheaper against Gate than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of +0.012%). If the spread goes back, that is −$14 on $10k: about 14 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.470% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.470% in total (about 24.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.20 per $10,000. 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	Gate BRKB_USDT	504.60	0	get 0.0000% / 8h	1h 07m	$541K	$33K	20x
Short	GRVT BRKB_USDT_Perp	503.96	0.0820	get 0.0820% / 8h	1h 07m	$3K	$232K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now −0.127%Rate

Funding earned: $172.2
Price spread: −0.127% → +0.012%: −$13.87
Slippage, 4 orders: −$5,859.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$5,725.05
Costs to cover: 58.834%
Break-even: 239.7 days

Slippage from Gate: live order book, 34 min ago; GRVT: 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 Gate live order book, 34 min ago	11.90 bp	277.5 bp −$278	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 35 min ago	1.39 bp	17.1 bp −$17	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	−0.307%	$1.1M	$3.2M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	503.47	−0.225%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.90	+0.059%	$98K	$40K	25x	as long as short
Gate BRKB_USDTlong	0.0000%	8h	504.60	long leg	$541K	$33K	20x
Bitget BRKBUSDT	0.0000%	8h	504.18	−0.083%	$368K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.86	−0.147%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.26	−0.067%	$7K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.98	−0.123%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.08	−0.103%	$47K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0191%	8h	503.82	−0.154%	$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	−0.014%	$484K	$147K	20x	as long as short
Binance BRKBUSDT	+0.0416%	8h	503.90	−0.139%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perpshort	+0.0820%	8h	503.96	−0.127%	$3K	$232K	10x
edgeX BRKBUSDC	+0.0879%	4h	503.81	−0.156%	$26K	$247K	10x	as long as short