Funding you earn now, next payment 08:00 UTC−0.0508%/8h= −55.7% APRpaid last 24h −0.120%
Price spread now: edgeX against Phemex−0.037%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.037%, 7d avg −0.012%
=Together, before fees+0.223%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 0.025% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.237%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BRKBUSDT | 503.68 | 0 | get 0.0000% / 8h | 3h 21m | $1.3M | $62K | 10x |
| Short | edgeX BRKBUSDC | 503.49 | −0.0508 | pay 0.0254% / 4h | 3h 21m | $26K | $248K | 10x |
Phemex BRKBUSDT
edgeX BRKBUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$106.74
- Price spread: −0.037% → −0.012%
- −$2.47
- Slippage, 4 orders
- −$119.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$249.57
- Costs to cover
- 1.404%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; edgeX: live order book, 31 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 Phemex live order book, 1 min ago | 1.99 bp | 62.6 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 31 min ago | 8.94 bp | 19.6 bp −$20 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX BRKBUSDCshort | −0.0508% | 4h | 503.49 | −0.037% | $26K | $248K | 10x | |
| QFEX BRK.B-USD | −0.0012% | 1h | 502.75 | −0.185% | $1.1M | $3.2M | 10x | as long as short |
| Aster BRKBUSDT | 0.0000% | 8h | 505.52 | +0.364% | $298K | $30K | 20x | as long as short |
| Bybit BRKBUSDT | 0.0000% | 8h | 502.99 | −0.137% | $99K | $40K | 25x | as long as short |
| Gate BRKB_USDT | 0.0000% | 8h | 504.10 | +0.083% | $530K | $26K | 20x | as long as short |
| Bitget BRKBUSDT | 0.0000% | 8h | 503.72 | +0.008% | $367K | $71K | 20x | as long as short |
| SunX BRKB-USDT | 0.0000% | 8h | 503.59 | −0.018% | $941 | $1.3M | 10x | as long as short |
| HTX BRKB-USDT | 0.0000% | 8h | 503.94 | +0.052% | $6K | $38K | 20x | as long as short |
| Phemex BRKBUSDTlong | 0.0000% | 8h | 503.68 | long leg | $1.3M | $62K | 10x | |
| KuCoin BRKBUSDTM | +0.0100% | 8h | 504.14 | +0.091% | $44K | $1.4M | 20x | as long as short |
QFEX BRK.B-USD
Aster BRKBUSDT
Bybit BRKBUSDT
Gate BRKB_USDT
Bitget BRKBUSDT
SunX BRKB-USDT
HTX BRKB-USDT
KuCoin BRKBUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BRKB | +0.0211% | 8h | 503.50 | −0.036% | $427K | $19K | — | as long as short |
| Binance BRKBUSDT | +0.0403% | 8h | 503.57 | −0.021% | $2.6M | $1.5M | 20x | as long as short |
| OKX BRKB-USDT-SWAP | +0.0499% | 8h | 504.09 | +0.081% | $489K | $143K | 20x | as long as short |
| GRVT BRKB_USDT_Perp | +0.0975% | 8h | 503.71 | +0.006% | $3K | $225K | 10x | as long as short |
Variational Omni BRKB
Binance BRKBUSDT
OKX BRKB-USDT-SWAP
GRVT BRKB_USDT_Perp