BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.6% APRnext payment +$1.97 per $10,000 · paid last 24h +0.064%

Price spread now: OKX against Phemex+0.191%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2502.501% of the position

Long on Phemex Short on OKX

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)−0.156%−$16 · spread now +0.191%, 7d avg +0.102%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.089% dearer against Phemex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BRKBUSDT	503.57	0	get 0.0000% / 8h	50m 31s	$1.3M	$62K	10x
Short	OKX BRKB-USDT-SWAP	504.53	0.0197	get 0.0197% / 8h	50m 31s	$484K	$147K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.191%Rate

Funding earned: $41.45
Price spread: +0.191% → +0.102%: $8.89
Slippage, 4 orders: −$228.06
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$199.72
Costs to cover: 2.501%
Break-even: 40.7 days

Slippage from Phemex: live order book, 2 min ago; OKX: live order book, 50 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	2.88 bp	61.5 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 50 min ago	1.59 bp	57.0 bp −$57	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	503.47	−0.020%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.88	+0.260%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	503.80	+0.046%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.69	+0.024%	$367K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.47	−0.020%	$954	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.81	+0.048%	$7K	$39K	20x	as long as short
Phemex BRKBUSDTlong	0.0000%	8h	503.57	long leg	$1.3M	$62K	10x
QFEX BRK.B-USD	+0.0012%	1h	502.96	−0.121%	$1.1M	$3.2M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.58	+0.201%	$46K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0152%	8h	503.41	−0.032%	$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-SWAPshort	+0.0197%	8h	504.53	+0.191%	$484K	$147K	20x
Binance BRKBUSDT	+0.0389%	8h	503.49	−0.015%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0804%	8h	503.69	+0.023%	$3K	$233K	10x	as long as short
edgeX BRKBUSDC	+0.0975%	4h	503.40	−0.034%	$26K	$248K	10x	as long as short