Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex+0.151%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$507as in the Funding arb table

Net, price: spread back to 7d avg − costs−$493as in the Price arb table

costs, in and out, $10k−$5075.067% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.151%, 7d avg +0.012%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.139% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BRKBUSDT	503.14	0	get 0.0000% / 8h	22m 34s	$1.3M	$64K	10x
Short	Gate BRKB_USDT	503.90	0	get 0.0000% / 8h	22m 34s	$541K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.012%: $13.92
Slippage, 4 orders: −$479.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$492.75
Costs to cover: 5.067%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 13 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, 5 min ago	2.38 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	11.89 bp	207.4 bp −$207	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 BRKBUSDC	−0.0682%	4h	502.98	−0.031%	$26K	$247K	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	504.36	+0.243%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.48	+0.266%	$98K	$40K	25x	as long as short
Gate BRKB_USDTshort	0.0000%	8h	503.90	+0.151%	$541K	$33K	20x
Bitget BRKBUSDT	0.0000%	8h	503.75	+0.121%	$368K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.26	+0.024%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.64	+0.099%	$6K	$40K	20x	as long as short
Phemex BRKBUSDTlong	0.0000%	8h	503.14	long leg	$1.3M	$64K	10x
QFEX BRK.B-USD	+0.0012%	1h	502.56	−0.115%	$1.1M	$3.3M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	503.89	+0.149%	$47K	$1.4M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRKB	+0.0160%	8h	503.03	−0.022%	$427K	$20K	—	as long as short
OKX BRKB-USDT-SWAP	+0.0206%	8h	503.71	+0.113%	$486K	$150K	20x	as long as short
Binance BRKBUSDT	+0.0391%	8h	503.29	+0.029%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0776%	8h	503.45	+0.062%	$2K	$234K	10x	as long as short