Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.046%

Price spread now: Variational Omni against QFEX+0.244%7-day average −0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.244%, 7d avg −0.010%

Together, before fees−0.176%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.254% dearer against QFEX than usual: you sell high and buy low (spread +0.244% now, against its 7-day average of −0.010%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BRK.B-USD	502.72	0.0043	pay 0.0005% / 1h	4m 22s	$1.1M	$3.1M	10x
Short	Variational Omni BRKB	503.95	0	get 0.0000% / 8h	6h 04m	$425K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.244%Rate

Funding earned: −$8.99
Price spread: +0.244% → −0.010%: $25.42
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.43
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 4 min ago; Variational Omni: RFQ quote, 65 min ago. Net counts fees only.

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	1.29 bp	7.0 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 65 min ago	3.17 bp	doesn't fit	137.5 bp −$1,375	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	503.76	+0.208%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.51	+0.356%	$105K	$13K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.30	+0.314%	$523K	$22K	20x	as long as short
Variational Omni BRKBshort	0.0000%	8h	503.95	+0.244%	$425K	$13K	—
SunX BRKB-USDT	0.0000%	8h	504.03	+0.261%	$1K	$1.3M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.32	+0.318%	$7K	$38K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.94	+0.243%	$1.3M	$59K	10x	as long as short
Binance BRKBUSDT	+0.0004%	8h	503.97	+0.249%	$2.6M	$1.4M	20x	as long as short
QFEX BRK.B-USDlong	+0.0043%	1h	502.72	long leg	$1.1M	$3.1M	10x
Bitget BRKBUSDT	+0.0080%	8h	504.05	+0.265%	$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
OKX BRKB-USDT-SWAP	+0.0084%	8h	504.86	+0.426%	$486K	$139K	20x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.44	+0.342%	$41K	$1.4M	20x	as long as short
edgeX BRKBUSDC	+0.0385%	4h	503.85	+0.225%	$26K	$249K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.1094%	8h	504.31	+0.317%	$3K	$215K	10x	as long as short