Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0505%/8h= +55.3% APRpaid last 24h +0.065%

Price spread now: OKX against QFEX+0.324%54s7-day average +0.122% · 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—prices read too far apart to compare

costs, in and out, $10k−$1361.361% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.167%+$17 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.324%, 7d avg +0.122%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.202% dearer against QFEX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.122%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.167% in total (about 16.9% 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	502.75	−0.0012	get 0.0001% / 1h	19m 44s	$1.1M	$3.2M	10x
Short	OKX BRKB-USDT-SWAP	504.38	0.0493	get 0.0493% / 8h	3h 19m	$489K	$143K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.324%Rate

Funding earned: $106.01
Price spread: +0.324% → +0.122%: $20.18
Slippage, 4 orders: −$116.08
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.89
Costs to cover: 1.361%
Break-even: 7.7 days

Slippage from QFEX: live order book, 3 min ago; OKX: live order book, 31 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	1.19 bp	6.2 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell OKX live order book, 31 min ago	0.50 bp	52.5 bp −$52	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 BRKBUSDC	−0.0508%	4h	503.49	+0.148%	$26K	$248K	10x	as long as short
QFEX BRK.B-USDlong	−0.0012%	1h	502.75	long leg	$1.1M	$3.2M	10x
Aster BRKBUSDT	0.0000%	8h	505.61	+0.569%	$298K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	503.02	+0.054%	$99K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.10	+0.269%	$530K	$26K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.71	+0.191%	$367K	$71K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.59	+0.167%	$941	$1.3M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.91	+0.231%	$6K	$38K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.65	+0.179%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.12	+0.273%	$42K	$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
Variational Omni BRKB	+0.0209%	8h	503.50	+0.149%	$427K	$19K	—	as long as short
Binance BRKBUSDT	+0.0403%	8h	503.53	+0.156%	$2.6M	$1.5M	20x	as long as short
OKX BRKB-USDT-SWAPshort	+0.0493%	8h	504.38	+0.324%	$489K	$143K	20x
GRVT BRKB_USDT_Perp	+0.0975%	8h	503.71	+0.191%	$3K	$225K	10x	as long as short