BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0895%/8h= +98.0% APRnext payment +$8.95 per $10,000 · paid last 24h +0.170%

Price spread now: GRVT against Phemex+0.004%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1331.334% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.543%+$54 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.004%, 7d avg +0.018%

Together, before fees+0.508%+ Points / potential airdropGRVT: Active · farm board+$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$27 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.543% in total (about 28.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.95 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	Phemex BRKBUSDT	503.89	0	get 0.0000% / 8h	5h 53m	$1.3M	$62K	10x
Short	GRVT BRKB_USDT_Perp	503.91	0.0895	get 0.0895% / 8h	5h 53m	$2K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phemex. 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 PhemexbpFee GRVTbpOrdersPrice spread, now +0.004%Rate

Funding earned: $187.95
Price spread: +0.004% → +0.018%: −$1.38
Slippage, 4 orders: −$112.4
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $53.17
Costs to cover: 1.334%
Break-even: 5.0 days

Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 57 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, 2 min ago	0.60 bp	52.2 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 57 min ago	1.69 bp	12.9 bp −$13	doesn't fit	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
edgeX BRKBUSDC	−0.0040%	4h	503.75	−0.027%	$26K	$246K	10x	as long as short
QFEX BRK.B-USD	0.0000%	1h	503.07	−0.163%	$1.1M	$2.9M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	504.23	+0.068%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.08	+0.038%	$98K	$41K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.30	+0.081%	$541K	$33K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.91	+0.004%	$1K	$1.1M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.25	+0.071%	$7K	$40K	20x	as long as short
Phemex BRKBUSDTlong	0.0000%	8h	503.89	long leg	$1.3M	$62K	10x
Bitget BRKBUSDT	+0.0007%	8h	504.09	+0.040%	$396K	$65K	20x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.21	+0.064%	$47K	$1.5M	20x	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	+0.0203%	8h	503.69	−0.039%	$426K	$21K	—	as long as short
OKX BRKB-USDT-SWAP	+0.0271%	8h	504.32	+0.085%	$487K	$148K	20x	as long as short
Binance BRKBUSDT	+0.0413%	8h	503.94	+0.011%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perpshort	+0.0895%	8h	503.91	+0.004%	$2K	$246K	10x