Funding arb · Price arb /

BRKB

RWAall BRKB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.127%7-day average +0.013% · 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−$137as in the Price arb table

costs, in and out, $10k−$1481.482% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.127%, 7d avg +0.013%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and SunX is 0.114% dearer against QFEX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BRK.B-USD	502.88	−0.0012	get 0.0001% / 1h	49m 33s	$1.1M	$3.1M	10x
Short	SunX BRKB-USDT	503.52	0	get 0.0000% / 8h	1h 49m	$1K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.127%Rate

Funding earned: $2.45
Price spread: +0.127% → +0.013%: $11.43
Slippage, 4 orders: −$130.24
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$134.35
Costs to cover: 1.482%
Break-even: 390.4 days

Slippage from QFEX: live order book, 4 min ago; SunX: 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	2.19 bp	10.5 bp −$10	14.1 bp −$141	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	44.79 bp	63.4 bp −$63	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	−0.0936%	4h	503.42	+0.108%	$26K	$248K	10x	as long as short
QFEX BRK.B-USDlong	−0.0012%	1h	502.88	long leg	$1.1M	$3.1M	10x
Aster BRKBUSDT	0.0000%	8h	503.46	+0.116%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.42	+0.306%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.40	+0.302%	$542K	$32K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.85	+0.193%	$368K	$72K	20x	as long as short
SunX BRKB-USDTshort	0.0000%	8h	503.52	+0.127%	$1K	$1.2M	10x
HTX BRKB-USDT	0.0000%	8h	503.86	+0.195%	$6K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.63	+0.149%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.50	+0.322%	$47K	$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	+0.0265%	8h	503.42	+0.108%	$427K	$20K	—	as long as short
OKX BRKB-USDT-SWAP	+0.0351%	8h	504.37	+0.296%	$484K	$147K	20x	as long as short
Binance BRKBUSDT	+0.0468%	8h	503.51	+0.125%	$2.6M	$1.5M	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0884%	8h	503.79	+0.181%	$2K	$232K	10x	as long as short