Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0688%/8h= −75.4% APRpaid last 24h −0.105%

Price spread now: edgeX against QFEX+0.220%7-day average −0.004% · 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−$12as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.220%, 7d avg −0.004%

Together, before fees−0.247%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.224% dearer against QFEX than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of −0.004%): +$22 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.049% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.049% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BRK.B-USD	503.20	0.0043	pay 0.0005% / 1h	40m 56s	$1.1M	$3.1M	10x
Short	edgeX BRKBUSDC	504.30	−0.0645	pay 0.0323% / 4h	2h 40m	$26K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$144.54
Price spread: +0.220% → −0.004%: $22.39
Slippage, 4 orders: −$15.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$156.5
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; edgeX: live order book, 26 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, 7 min ago	1.79 bp	7.3 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	5.16 bp	10.2 bp −$10	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
edgeX BRKBUSDCshort	−0.0645%	4h	504.30	+0.220%	$26K	$248K	10x
Aster BRKBUSDT	0.0000%	8h	504.08	+0.175%	$297K	$30K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	504.43	+0.244%	$2.6M	$1.5M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	505.10	+0.378%	$105K	$13K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	505.30	+0.417%	$486K	$140K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.30	+0.219%	$523K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.36	+0.230%	$426K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.41	+0.240%	$2K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.79	+0.316%	$7K	$37K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.40	+0.238%	$1.3M	$60K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BRK.B-USDlong	+0.0043%	1h	503.20	long leg	$1.1M	$3.1M	10x
KuCoin BRKBUSDTM	+0.0100%	8h	504.83	+0.324%	$41K	$1.4M	20x	as long as short
Bitget BRKBUSDT	+0.0204%	8h	504.42	+0.242%	$365K	$70K	20x	as long as short
GRVT BRKB_USDT_Perp	+0.1046%	8h	504.31	+0.221%	$3K	$217K	10x	as long as short