Funding arb · Price arb /

BRKB

RWAall BRKB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0227%/8h= +24.9% APRpaid last 24h +0.113%

Price spread now: Bitget against QFEX+0.215%7-day average +0.055% · 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−$59as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.215%, 7d avg +0.055%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.160% dearer against QFEX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BRK.B-USD	502.80	0	get 0.0000% / 1h	51m 12s	$1.1M	$2.5M	10x
Short	Bitget BRKBUSDT	503.88	0.0227	get 0.0227% / 8h	4h 51m	$396K	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.215%Rate

Funding earned: $47.67
Price spread: +0.215% → +0.055%: $16.01
Slippage, 4 orders: −$53.38
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$11.69
Costs to cover: 0.754%
Break-even: 8.7 days

Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 47 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, 5 min ago	1.19 bp	8.8 bp −$9	9.8 bp −$98	doesn't fit	doesn't fit
Sell Bitget live order book, 47 min ago	12.18 bp	37.9 bp −$38	46.8 bp −$468	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
Aster BRKBUSDT	0.0000%	8h	503.63	+0.165%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.70	+0.378%	$98K	$41K	25x	as long as short
QFEX BRK.B-USDlong	0.0000%	1h	502.80	long leg	$1.1M	$2.5M	10x
Gate BRKB_USDT	0.0000%	8h	504.30	+0.298%	$541K	$33K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.76	+0.191%	$1K	$1.0M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.14	+0.267%	$7K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.89	+0.217%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.10	+0.259%	$48K	$1.5M	20x	as long as short
Bitget BRKBUSDTshort	+0.0227%	8h	503.88	+0.215%	$396K	$61K	20x
Variational Omni BRKB	+0.0264%	8h	503.65	+0.169%	$426K	$21K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BRKB-USDT-SWAP	+0.0399%	8h	504.31	+0.300%	$487K	$148K	20x	as long as short
Binance BRKBUSDT	+0.0467%	8h	503.78	+0.195%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0859%	8h	503.84	+0.206%	$2K	$255K	10x	as long as short
edgeX BRKBUSDC	+0.0918%	4h	503.65	+0.169%	$26K	$246K	10x	as long as short