BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0731%/8h= −80.0% APRnext payment −$7.31 per $10,000 · paid last 24h −0.118%

Price spread now: Variational Omni against GRVT−0.033%89s7-day average −0.039% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.033%, 7d avg −0.039%

Together, before fees−0.260%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate. The two prices were read 89 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 4 days it paid -0.200% in total (about -19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.31 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BRKB_USDT_Perp	504.14	0.0902	pay 0.0902% / 8h	6h 20m	$3K	$245K	10x
Short	Variational Omni BRKB	503.97	0.0171	get 0.0171% / 8h	6h 20m	$426K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.033%Rate

Funding earned: −$153.41
Price spread: −0.033% → −0.039%: $0.66
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$161.75
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 30 min ago; Variational Omni: RFQ quote, 32 min ago. Net counts fees only.

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, 30 min ago	1.69 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 32 min ago	3.78 bp	doesn't fit	62.6 bp −$626	doesn't fit	doesn't fit

BRKB on 14 exchanges

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	−0.0016%	4h	503.97	−0.033%	$26K	$246K	10x	as long as short
QFEX BRK.B-USD	0.0000%	1h	503.04	−0.218%	$1.1M	$3.1M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	505.03	+0.178%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.76	+0.124%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.40	+0.052%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	504.13	−0.001%	$381K	$78K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	504.06	−0.015%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.43	+0.058%	$7K	$40K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.18	+0.009%	$1.3M	$64K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.33	+0.038%	$47K	$1.5M	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRKBshort	+0.0171%	8h	503.97	−0.033%	$426K	$22K	—
OKX BRKB-USDT-SWAP	+0.0235%	8h	504.66	+0.104%	$488K	$149K	20x	as long as short
Binance BRKBUSDT	+0.0391%	8h	504.07	−0.013%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perplong	+0.0902%	8h	504.14	long leg	$3K	$245K	10x