Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0323%/8h= +35.3% APRpaid last 24h +0.096%

Price spread now: Binance against QFEX+0.238%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1931.934% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.136%+$14 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.238%, 7d avg +0.097%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.142% dearer against QFEX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BRK.B-USD	503.08	−0.0010	get 0.0001% / 1h	0m 15s	$1.1M	$3.3M	10x
Short	Binance BRKBUSDT	504.28	0.0312	get 0.0312% / 8h	7h 00m	$2.6M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.238%Rate

Funding earned: $67.74
Price spread: +0.238% → +0.097%: $14.16
Slippage, 4 orders: −$173.41
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.52
Costs to cover: 1.934%
Break-even: 18.5 days

Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 5 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 QFEX live order book, 3 min ago	77.11 bp	83.8 bp −$84	85.0 bp −$850	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.10 bp	12.5 bp −$13	55.7 bp −$557	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-USDlong	−0.0010%	1h	503.08	long leg	$1.1M	$3.3M	10x
Aster BRKBUSDT	0.0000%	8h	505.37	+0.456%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.11	+0.205%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.20	+0.223%	$541K	$33K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	504.41	+0.264%	$381K	$78K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	504.24	+0.231%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.64	+0.310%	$7K	$40K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.25	+0.233%	$1.3M	$64K	10x	as long as short
Variational Omni BRKB	+0.0074%	8h	504.19	+0.221%	$426K	$21K	—	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.31	+0.244%	$46K	$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
OKX BRKB-USDT-SWAP	+0.0103%	8h	504.88	+0.358%	$488K	$151K	20x	as long as short
Binance BRKBUSDTshort	+0.0312%	8h	504.28	+0.238%	$2.6M	$1.5M	20x
GRVT BRKB_USDT_Perp	+0.0370%	8h	504.18	+0.219%	$3K	$242K	10x	as long as short
edgeX BRKBUSDC	+0.0458%	4h	504.15	+0.213%	$26K	$248K	10x	as long as short