Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1065%/8h= +116.6% APRpaid last 24h +0.004%

Price spread now: GRVT against QFEX+0.261%7-day average −0.017% · 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−$4,793as in the Price arb table

costs, in and out, $10k−$4,82148.209% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.261%, 7d avg −0.017%

Together, before fees−0.093%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and GRVT is 0.278% dearer against QFEX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.017%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.089% in total (about 9.2% 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	502.70	0.0043	pay 0.0005% / 1h	58m 47s	$1.1M	$3.1M	10x
Short	GRVT BRKB_USDT_Perp	504.01	0.1108	get 0.1108% / 8h	5h 58m	$2K	$215K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.261%Rate

Funding earned: $223.69
Price spread: +0.261% → −0.017%: $27.81
Slippage, 4 orders: −$4,801.87
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$4,569.37
Costs to cover: 48.209%
Break-even: 150.0 days

Slippage from QFEX: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	1.49 bp	7.2 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	1.98 bp	19.0 bp −$19	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	505.01	+0.460%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.51	+0.360%	$105K	$13K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.20	+0.298%	$526K	$24K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	503.92	+0.242%	$427K	$15K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	503.97	+0.253%	$1K	$1.3M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.32	+0.322%	$7K	$38K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.96	+0.251%	$1.3M	$58K	10x	as long as short
Binance BRKBUSDT	+0.0027%	8h	503.29	+0.117%	$2.6M	$1.4M	20x	as long as short
QFEX BRK.B-USDlong	+0.0043%	1h	502.70	long leg	$1.1M	$3.1M	10x
Bitget BRKBUSDT	+0.0065%	8h	503.87	+0.233%	$365K	$68K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BRKBUSDTM	+0.0100%	8h	504.64	+0.386%	$41K	$1.4M	20x	as long as short
OKX BRKB-USDT-SWAP	+0.0109%	8h	504.22	+0.302%	$485K	$138K	20x	as long as short
edgeX BRKBUSDC	+0.0469%	4h	503.81	+0.221%	$26K	$250K	10x	as long as short
GRVT BRKB_USDT_Perpshort	+0.1108%	8h	504.01	+0.261%	$2K	$215K	10x