Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.127%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$531as in the Funding arb table

Net, price: spread back to 7d avg − costs−$542as in the Price arb table

costs, in and out, $10k−$5315.311% of the position

Long on Gate Short on SunX

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)+0.122%+$12 · spread now −0.127%, 7d avg −0.017%

Together, before fees+0.122%+$12 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: SunX is 0.110% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BRKB_USDT	503.90	0	get 0.0000% / 8h	22m 37s	$541K	$33K	20x
Short	SunX BRKB-USDT	503.26	0	get 0.0000% / 8h	22m 37s	$1K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.017%: −$11
Slippage, 4 orders: −$508.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$542.08
Costs to cover: 5.311%
Break-even: never at this rate

Slippage from Gate: live order book, 13 min ago; SunX: live order book, 11 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, 13 min ago	11.89 bp	193.9 bp −$194	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	46.57 bp	65.2 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
edgeX BRKBUSDC	−0.0682%	4h	502.98	−0.182%	$26K	$247K	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	504.41	+0.101%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.47	+0.113%	$98K	$40K	25x	as long as short
Gate BRKB_USDTlong	0.0000%	8h	503.90	long leg	$541K	$33K	20x
Bitget BRKBUSDT	0.0000%	8h	503.75	−0.030%	$368K	$72K	20x	as long as short
SunX BRKB-USDTshort	0.0000%	8h	503.26	−0.127%	$1K	$1.2M	10x
HTX BRKB-USDT	0.0000%	8h	503.64	−0.052%	$6K	$40K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.14	−0.151%	$1.3M	$64K	10x	as long as short
QFEX BRK.B-USD	+0.0012%	1h	502.58	−0.262%	$1.1M	$3.3M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	503.89	−0.002%	$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 BRKB	+0.0160%	8h	503.03	−0.173%	$427K	$20K	—	as long as short
OKX BRKB-USDT-SWAP	+0.0206%	8h	503.71	−0.038%	$486K	$150K	20x	as long as short
Binance BRKBUSDT	+0.0391%	8h	503.31	−0.117%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0776%	8h	503.45	−0.089%	$2K	$234K	10x	as long as short