BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0998%/8h= −109.3% APRnext payment −$9.98 per $10,000 · paid last 24h −0.017%

Price spread now: Bitget against GRVT+0.006%63s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as 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−$1031.034% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.006%, 7d avg −0.002%

Together, before fees−0.187%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate. The two prices were read 63 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 -0.255% in total (about -13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.98 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	GRVT BRKB_USDT_Perp	503.71	0.0998	pay 0.0998% / 8h	3h 30m	$3K	$223K	10x
Short	Bitget BRKBUSDT	503.74	0	get 0.0000% / 8h	3h 30m	$367K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpFee BitgetbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$209.58
Price spread: +0.006% → −0.002%: $0.82
Slippage, 4 orders: −$82.36
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$312.13
Costs to cover: 1.034%
Break-even: never at this rate

Slippage from GRVT: live order book, 22 min ago; Bitget: live order book, 15 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 GRVT live order book, 22 min ago	3.08 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 15 min ago	10.90 bp	52.5 bp −$53	55.3 bp −$553	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	−0.0214%	4h	503.43	−0.056%	$26K	$249K	10x	as long as short
QFEX BRK.B-USD	−0.0012%	1h	502.75	−0.191%	$1.1M	$3.2M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	503.75	+0.007%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	503.55	−0.032%	$101K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.10	+0.077%	$530K	$26K	20x	as long as short
Bitget BRKBUSDTshort	0.0000%	8h	503.74	+0.006%	$367K	$71K	20x
SunX BRKB-USDT	0.0000%	8h	503.53	−0.036%	$884	$1.3M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.87	+0.032%	$6K	$38K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.47	−0.048%	$1.3M	$61K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.76	+0.208%	$42K	$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	+0.0208%	8h	503.46	−0.049%	$427K	$19K	—	as long as short
Binance BRKBUSDT	+0.0401%	8h	503.60	−0.022%	$2.6M	$1.5M	20x	as long as short
OKX BRKB-USDT-SWAP	+0.0510%	8h	504.59	+0.174%	$489K	$143K	20x	as long as short
GRVT BRKB_USDT_Perplong	+0.0998%	8h	503.71	long leg	$3K	$223K	10x