BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin−0.149%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,402as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,394as in the Price arb table

costs, in and out, $10k−$1,38013.798% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 3 days (all we have)+0.196%+$20 · spread now −0.149%, 7d avg −0.004%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.145% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BRKBUSDTM	504.72	0.0100	pay 0.0100% / 8h	14m 48s	$39K	$1.3M	20x
Short	Phemex BRKBUSDT	503.97	0	get 0.0000% / 8h	14m 48s	$1.3M	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$21
Price spread: −0.149% → −0.004%: −$14.5
Slippage, 4 orders: −$1,355.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$1,415.27
Costs to cover: 13.798%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Phemex: live order book, 3 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 KuCoin live order book, 6 min ago	32.78 bp	770.1 bp −$770	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.28 bp	58.1 bp −$58	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	504.19	−0.105%	$285K	$17K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	503.78	−0.186%	$2.6M	$1.4M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	505.00	+0.055%	$102K	$12K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	504.21	−0.101%	$481K	$135K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.20	−0.103%	$524K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	503.87	−0.169%	$426K	$12K	—	as long as short
GRVT BRKB_USDT_Perp	0.0000%	8h	503.95	−0.153%	$2K	$219K	10x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.92	−0.159%	$1K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.27	−0.089%	$7K	$37K	20x	as long as short
Phemex BRKBUSDTshort	0.0000%	8h	503.97	−0.149%	$1.3M	$57K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BRK.B-USD	+0.0018%	1h	503.70	−0.202%	$1.1M	$3.2M	10x	as long as short
KuCoin BRKBUSDTMlong	+0.0100%	8h	504.72	long leg	$39K	$1.3M	20x
edgeX BRKBUSDC	+0.0138%	4h	503.87	−0.169%	$26K	$250K	10x	as long as short
Bitget BRKBUSDT	+0.0344%	8h	503.93	−0.157%	$362K	$68K	20x	as long as short