BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0207%/8h= −22.7% APRnext payment −$2.07 per $10,000 · paid last 24h +0.055%

Price spread now: Bitget against OKX−0.162%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2022.016% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.162%, 7d avg −0.084%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.079% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.084%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.07 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	OKX BRKB-USDT-SWAP	504.66	0.0289	pay 0.0289% / 8h	5h 29m	$487K	$149K	20x
Short	Bitget BRKBUSDT	503.84	0.0082	get 0.0082% / 8h	5h 29m	$396K	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$43.47
Price spread: −0.162% → −0.084%: −$7.88
Slippage, 4 orders: −$179.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$252.94
Costs to cover: 2.016%
Break-even: never at this rate

Slippage from OKX: live order book, 14 min ago; Bitget: live order book, 9 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 OKX live order book, 14 min ago	1.29 bp	92.3 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	12.18 bp	37.9 bp −$38	46.8 bp −$468	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
QFEX BRK.B-USD	0.0000%	1h	502.79	−0.371%	$1.1M	$2.7M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	504.27	−0.078%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.55	−0.022%	$98K	$41K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.40	−0.052%	$541K	$33K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.79	−0.172%	$1K	$1.1M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.20	−0.091%	$7K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.77	−0.176%	$1.3M	$62K	10x	as long as short
Bitget BRKBUSDTshort	+0.0082%	8h	503.84	−0.162%	$396K	$65K	20x
KuCoin BRKBUSDTM	+0.0100%	8h	504.20	−0.091%	$47K	$1.5M	20x	as long as short
edgeX BRKBUSDC	+0.0106%	4h	503.60	−0.209%	$26K	$248K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRKB	+0.0195%	8h	503.58	−0.214%	$426K	$21K	—	as long as short
OKX BRKB-USDT-SWAPlong	+0.0289%	8h	504.66	long leg	$487K	$149K	20x
Binance BRKBUSDT	+0.0404%	8h	503.67	−0.195%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0827%	8h	503.97	−0.137%	$3K	$250K	10x	as long as short