BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0877%/8h= −96.0% APRnext payment −$8.77 per $10,000 · paid last 24h −0.132%

Price spread now: Bybit against GRVT+0.045%70s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9,344as 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−$9,29792.966% of the position

Long on GRVT Short on Bybit

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)+0.040%+$4 · spread now +0.045%, 7d avg +0.045%

Together, before fees−0.430%+ Points / potential airdropGRVT: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate. The two prices were read 70 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 -0.470% in total (about -24.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.77 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	503.64	0.0877	pay 0.0877% / 8h	2h 36m	$2K	$225K	10x
Short	Bybit BRKBUSDT	503.87	0	get 0.0000% / 8h	2h 36m	$98K	$40K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$184.17
Price spread: +0.045% → +0.045%: −$0.07
Slippage, 4 orders: −$9,276.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9,480.84
Costs to cover: 92.966%
Break-even: never at this rate

Slippage from GRVT: live order book, 11 min ago; Bybit: live order book, 73 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, 11 min ago	1.79 bp	9096.3 bp −$9,096	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 73 min ago	13.40 bp	105.2 bp −$105	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	−0.0003%	1h	502.61	−0.205%	$1.1M	$3.1M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	503.35	−0.058%	$297K	$30K	20x	as long as short
Bybit BRKBUSDTshort	0.0000%	8h	503.87	+0.045%	$98K	$40K	25x
Gate BRKB_USDT	0.0000%	8h	504.20	+0.110%	$530K	$27K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.84	+0.039%	$367K	$71K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.74	+0.019%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.06	+0.082%	$6K	$38K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.60	−0.009%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.02	+0.074%	$45K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0229%	8h	503.64	−0.002%	$427K	$19K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BRKBUSDT	+0.0434%	8h	503.70	+0.011%	$2.6M	$1.5M	20x	as long as short
edgeX BRKBUSDC	+0.0438%	4h	503.66	+0.003%	$26K	$247K	10x	as long as short
OKX BRKB-USDT-SWAP	+0.0473%	8h	504.31	+0.132%	$483K	$150K	20x	as long as short
GRVT BRKB_USDT_Perplong	+0.0877%	8h	503.64	long leg	$2K	$225K	10x