Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.002%
Price spread now: QFEX against Phemex−0.185%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1091.089% of the position
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.185%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.172% cheaper against Phemex than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BRKBUSDT | 503.63 | 0 | get 0.0000% / 8h | 4h 16m | $1.3M | $61K | 10x |
| Short | QFEX BRK.B-USD | 502.70 | −0.0006 | pay 0.0001% / 1h | 16m 01s | $1.1M | $3.1M | 10x |
Phemex BRKBUSDT
QFEX BRK.B-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$1.16
- Price spread: −0.185% → −0.013%
- −$17.17
- Slippage, 4 orders
- −$86.88
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$127.21
- Costs to cover
- 1.089%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; QFEX: live order book, 7 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 | 2.38 bp | 48.7 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.29 bp | 8.7 bp −$9 | 10.1 bp −$101 | 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-USDshort | −0.0006% | 1h | 502.70 | −0.185% | $1.1M | $3.1M | 10x | |
| Aster BRKBUSDT | 0.0000% | 8h | 503.83 | +0.040% | $297K | $30K | 20x | as long as short |
| Bybit BRKBUSDT | 0.0000% | 8h | 503.53 | −0.020% | $104K | $37K | 25x | as long as short |
| Gate BRKB_USDT | 0.0000% | 8h | 504.10 | +0.093% | $528K | $25K | 20x | as long as short |
| Bitget BRKBUSDT | 0.0000% | 8h | 503.67 | +0.008% | $367K | $70K | 20x | as long as short |
| SunX BRKB-USDT | 0.0000% | 8h | 503.49 | −0.028% | $1K | $1.3M | 10x | as long as short |
| HTX BRKB-USDT | 0.0000% | 8h | 503.84 | +0.042% | $7K | $38K | 20x | as long as short |
| Phemex BRKBUSDTlong | 0.0000% | 8h | 503.63 | long leg | $1.3M | $61K | 10x | |
| KuCoin BRKBUSDTM | +0.0100% | 8h | 504.02 | +0.077% | $42K | $1.4M | 20x | as long as short |
| edgeX BRKBUSDC | +0.0120% | 4h | 503.42 | −0.041% | $26K | $249K | 10x | as long as short |
Aster BRKBUSDT
Bybit BRKBUSDT
Gate BRKB_USDT
Bitget BRKBUSDT
SunX BRKB-USDT
HTX BRKB-USDT
KuCoin BRKBUSDTM
edgeX BRKBUSDCShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BRKB | +0.0149% | 8h | 503.41 | −0.043% | $425K | $18K | — | as long as short |
| Binance BRKBUSDT | +0.0331% | 8h | 503.48 | −0.030% | $2.6M | $1.5M | 20x | as long as short |
| OKX BRKB-USDT-SWAP | +0.0543% | 8h | 504.22 | +0.117% | $488K | $141K | 20x | as long as short |
| GRVT BRKB_USDT_Perp | +0.1055% | 8h | 503.47 | −0.032% | $3K | $217K | 10x | as long as short |
Variational Omni BRKB
Binance BRKBUSDT
OKX BRKB-USDT-SWAP
GRVT BRKB_USDT_Perp