Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h +0.030%

Price spread now: KuCoin against QFEX+0.294%7-day average +0.054% · 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−$834as in the Price arb table

costs, in and out, $10k−$8588.578% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.114%+$11 on $10k

Price spread, last 7 days+0.190%+$19 · spread now +0.294%, 7d avg +0.054%

Together, before fees+0.304%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.241% dearer against QFEX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BRK.B-USD	502.90	−0.0012	get 0.0001% / 1h	44m 14s	$1.1M	$3.2M	10x
Short	KuCoin BRKBUSDTM	504.38	0.0100	get 0.0100% / 8h	1h 44m	$46K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.294%Rate

Funding earned: $23.45
Price spread: +0.294% → +0.054%: $24.07
Slippage, 4 orders: −$835.78
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$810.25
Costs to cover: 8.578%
Break-even: 248.8 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 11 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	2.19 bp	10.8 bp −$11	12.3 bp −$123	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	61.36 bp	496.2 bp −$496	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
QFEX BRK.B-USDlong	−0.0012%	1h	502.90	long leg	$1.1M	$3.2M	10x
Aster BRKBUSDT	0.0000%	8h	503.47	+0.113%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.42	+0.302%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	503.90	+0.199%	$541K	$32K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.83	+0.185%	$368K	$72K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.59	+0.137%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.80	+0.179%	$7K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.63	+0.145%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTMshort	+0.0100%	8h	504.38	+0.294%	$46K	$1.4M	20x
Variational Omni BRKB	+0.0255%	8h	503.36	+0.092%	$427K	$20K	—	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	+0.0334%	8h	504.32	+0.282%	$484K	$147K	20x	as long as short
Binance BRKBUSDT	+0.0457%	8h	503.52	+0.123%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0863%	8h	503.56	+0.131%	$2K	$232K	10x	as long as short
edgeX BRKBUSDC	+0.0966%	4h	503.37	+0.093%	$26K	$249K	10x	as long as short