Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0411%/8h= −45.0% APRpaid last 24h −0.252%

Price spread now: edgeX against GRVT−0.051%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.051%, 7d avg −0.036%

Together, before fees−0.240%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.233% in total (about -12.2% a year). A funding rate is set anew for every payment. 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	503.45	0.0776	pay 0.0776% / 8h	20m 03s	$2K	$234K	10x
Short	edgeX BRKBUSDC	503.20	0.0365	get 0.0183% / 4h	20m 03s	$26K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$86.31
Price spread: −0.051% → −0.036%: −$1.47
Slippage, 4 orders: −$30.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$136.57
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from GRVT: live order book, 17 min ago; edgeX: live order book, 17 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, 17 min ago	1.59 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	5.56 bp	10.6 bp −$11	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
Aster BRKBUSDT	0.0000%	8h	503.83	+0.075%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.49	+0.206%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	503.90	+0.089%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.73	+0.055%	$367K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.45	−0.001%	$981	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.84	+0.077%	$6K	$40K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.48	+0.005%	$1.3M	$64K	10x	as long as short
QFEX BRK.B-USD	+0.0012%	1h	502.72	−0.146%	$1.1M	$3.3M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	503.93	+0.095%	$48K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0151%	8h	503.40	−0.010%	$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	+0.0196%	8h	504.23	+0.154%	$486K	$150K	20x	as long as short
edgeX BRKBUSDCshort	+0.0365%	4h	503.20	−0.051%	$26K	$247K	10x
Binance BRKBUSDT	+0.0386%	8h	503.42	−0.006%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perplong	+0.0776%	8h	503.45	long leg	$2K	$234K	10x