Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0831%/8h= −91.0% APRpaid last 24h −0.131%

Price spread now: QFEX against GRVT−0.182%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$5,375as in the Price arb table

costs, in and out, $10k−$5,35753.568% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.220%−$22 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.182%, 7d avg −0.001%

Together, before fees−0.140%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and QFEX is 0.182% cheaper against GRVT than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.220% in total (about -21.6% 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	503.97	0.0819	pay 0.0819% / 8h	1h 03m	$3K	$232K	10x
Short	QFEX BRK.B-USD	503.05	−0.0012	pay 0.0001% / 1h	3m 29s	$1.1M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.182%Rate

Funding earned: −$174.44
Price spread: −0.182% → −0.001%: −$18.15
Slippage, 4 orders: −$5,337.78
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5,549.38
Costs to cover: 53.568%
Break-even: never at this rate

Slippage from GRVT: live order book, 39 min ago; QFEX: live order book, 5 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, 39 min ago	1.39 bp	5319.8 bp −$5,320	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.89 bp	10.2 bp −$10	11.6 bp −$116	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-USDshort	−0.0012%	1h	503.05	−0.182%	$1.1M	$3.2M	10x
Aster BRKBUSDT	0.0000%	8h	503.47	−0.099%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.85	+0.175%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.50	+0.106%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	504.07	+0.020%	$368K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.87	−0.019%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.26	+0.058%	$7K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.77	−0.039%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.61	+0.127%	$47K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0184%	8h	503.81	−0.031%	$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	+0.0215%	8h	504.53	+0.112%	$484K	$147K	20x	as long as short
edgeX BRKBUSDC	+0.0225%	4h	503.82	−0.028%	$26K	$248K	10x	as long as short
Binance BRKBUSDT	+0.0411%	8h	503.90	−0.013%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perplong	+0.0819%	8h	503.97	long leg	$3K	$232K	10x