BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0170%/8h= −18.7% APRnext payment −$1.70 per $10,000 · paid last 24h −0.064%

Price spread now: Phemex against OKX−0.127%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2322.324% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.315%−$32 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.127%, 7d avg −0.102%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phemex is 0.025% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BRKB-USDT-SWAP	504.23	0.0170	pay 0.0170% / 8h	12m 20s	$486K	$150K	20x
Short	Phemex BRKBUSDT	503.59	0	get 0.0000% / 8h	12m 20s	$1.3M	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$35.79
Price spread: −0.127% → −0.102%: −$2.52
Slippage, 4 orders: −$210.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$270.75
Costs to cover: 2.324%
Break-even: never at this rate

Slippage from OKX: live order book, 23 min ago; Phemex: live order book, just now.

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, 23 min ago	0.10 bp	73.6 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, just now	1.59 bp	52.0 bp −$52	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	503.34	−0.177%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.48	+0.050%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.00	−0.046%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.74	−0.097%	$367K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.45	−0.155%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.84	−0.077%	$7K	$40K	20x	as long as short
Phemex BRKBUSDTshort	0.0000%	8h	503.59	−0.127%	$1.3M	$64K	10x
QFEX BRK.B-USD	+0.0012%	1h	502.78	−0.288%	$1.1M	$3.3M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	503.90	−0.065%	$47K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0144%	8h	503.40	−0.164%	$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-SWAPlong	+0.0170%	8h	504.23	long leg	$486K	$150K	20x
Binance BRKBUSDT	+0.0373%	8h	503.48	−0.149%	$2.6M	$1.5M	20x	as long as short
edgeX BRKBUSDC	+0.0659%	4h	503.42	−0.162%	$26K	$249K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.0760%	8h	503.46	−0.153%	$3K	$235K	10x	as long as short