Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.004%

Price spread now: QFEX against HTX−0.283%7-day average — · you buy dearer than you sell

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. QFEX is 0.283% cheaper against HTX than usual: you would sell low and buy high (spread −0.283% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 3 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRKB-USDT	504.79	0	get 0.0000% / 8h	7h 35m	$6K	$37K	20x
Short	QFEX BRK.B-USD	503.36	0.0010	get 0.0001% / 1h	35m 56s	$1.1M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.283%Rate

Funding earned: $2.07
Price spread: −0.283% → 0.000%: −$28.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$48.26
Costs to cover: 0.220%
Break-even: 170.5 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 7 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 7 min ago	77.16 bp	86.0 bp −$86	88.4 bp −$884	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	504.30	−0.097%	$297K	$30K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	504.39	−0.079%	$2.6M	$1.4M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.85	+0.012%	$103K	$12K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	505.34	+0.109%	$482K	$135K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.80	+0.002%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.31	−0.095%	$425K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.62	−0.034%	$1K	$1.4M	10x	as long as short
HTX BRKB-USDTlong	0.0000%	8h	504.79	long leg	$6K	$37K	20x
Phemex BRKBUSDT	0.0000%	8h	504.61	−0.036%	$1.3M	$58K	10x	as long as short
QFEX BRK.B-USDshort	+0.0010%	1h	503.36	−0.283%	$1.1M	$3.2M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BRKBUSDTM	+0.0100%	8h	504.23	−0.111%	$38K	$1.3M	20x	as long as short
Bitget BRKBUSDT	+0.0378%	8h	504.52	−0.053%	$365K	$70K	20x	as long as short
edgeX BRKBUSDC	+0.0880%	4h	504.47	−0.064%	$26K	$249K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.1672%	8h	504.76	−0.006%	$3K	$219K	10x	as long as short