Funding arb · Price arb /

BRKB

RWAall BRKB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate+0.020%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$447as in the Funding arb table

Net, price: spread back to 7d avg − costs−$444as in the Price arb table

costs, in and out, $10k−$4474.474% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.020%, 7d avg −0.013%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.033% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BRKB_USDT	504.20	0	get 0.0000% / 8h	7h 00m	$541K	$33K	20x
Short	Phemex BRKBUSDT	504.30	0	get 0.0000% / 8h	7h 00m	$1.3M	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.013%: $3.26
Slippage, 4 orders: −$420.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$444.14
Costs to cover: 4.474%
Break-even: never at this rate

Slippage from Gate: live order book, 30 min ago; Phemex: live order book, 2 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, 30 min ago	12.88 bp	122.4 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.99 bp	64.7 bp −$65	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	−0.0010%	1h	503.05	−0.228%	$1.1M	$3.3M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	505.55	+0.268%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.11	−0.018%	$98K	$40K	25x	as long as short
Gate BRKB_USDTlong	0.0000%	8h	504.20	long leg	$541K	$33K	20x
Bitget BRKBUSDT	0.0000%	8h	504.40	+0.040%	$381K	$78K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	504.24	+0.008%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.61	+0.081%	$7K	$40K	20x	as long as short
Phemex BRKBUSDTshort	0.0000%	8h	504.30	+0.020%	$1.3M	$64K	10x
Variational Omni BRKB	+0.0074%	8h	504.19	−0.002%	$426K	$21K	—	as long as short
OKX BRKB-USDT-SWAP	+0.0099%	8h	504.88	+0.135%	$488K	$151K	20x	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	504.26	+0.012%	$47K	$1.4M	20x	as long as short
Binance BRKBUSDT	+0.0309%	8h	504.28	+0.016%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0370%	8h	504.18	−0.004%	$3K	$242K	10x	as long as short
edgeX BRKBUSDC	+0.0458%	4h	504.15	−0.010%	$26K	$248K	10x	as long as short