BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Phemex+0.123%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$933as in the Funding arb table

Net, price: spread back to 7d avg − costs−$942as in the Price arb table

costs, in and out, $10k−$9549.537% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.123%, 7d avg +0.007%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.116% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BRKBUSDT	503.36	0	get 0.0000% / 8h	4h 12m	$1.3M	$61K	10x
Short	KuCoin BRKBUSDTM	503.98	0.0100	get 0.0100% / 8h	4h 12m	$43K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.123%Rate

Funding earned: $21
Price spread: +0.123% → +0.007%: $11.61
Slippage, 4 orders: −$929.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$921.04
Costs to cover: 9.537%
Break-even: 314.0 days

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 3 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	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	82.16 bp	534.6 bp −$535	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
QFEX BRK.B-USD	−0.0006%	1h	502.72	−0.127%	$1.1M	$3.1M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	503.83	+0.094%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	503.53	+0.034%	$104K	$37K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	503.60	+0.048%	$527K	$25K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.67	+0.062%	$367K	$70K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.47	+0.022%	$1K	$1.3M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.84	+0.095%	$7K	$38K	20x	as long as short
Phemex BRKBUSDTlong	0.0000%	8h	503.36	long leg	$1.3M	$61K	10x
KuCoin BRKBUSDTMshort	+0.0100%	8h	503.98	+0.123%	$43K	$1.4M	20x
Variational Omni BRKB	+0.0149%	8h	503.41	+0.010%	$425K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BRKBUSDT	+0.0334%	8h	503.48	+0.024%	$2.6M	$1.5M	20x	as long as short
edgeX BRKBUSDC	+0.0491%	4h	503.42	+0.012%	$26K	$249K	10x	as long as short
OKX BRKB-USDT-SWAP	+0.0539%	8h	504.22	+0.171%	$488K	$141K	20x	as long as short
GRVT BRKB_USDT_Perp	+0.1041%	8h	503.80	+0.087%	$3K	$217K	10x	as long as short