Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX+0.056%53s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$580as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5805.798% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.056%, 7d avg +0.013%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.043% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRKB-USDT	503.32	0	get 0.0000% / 8h	4h 26m	$1K	$1.3M	10x
Short	Gate BRKB_USDT	503.60	0	get 0.0000% / 8h	4h 26m	$527K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.013%: $4.29
Slippage, 4 orders: −$556.84
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$575.56
Costs to cover: 5.798%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Gate: live order book, 30 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 SunX live order book, 8 min ago	45.39 bp	63.4 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 30 min ago	12.88 bp	177.0 bp −$177	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-USD	−0.0006%	1h	502.69	−0.125%	$1.1M	$3.1M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	503.81	+0.098%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	503.79	+0.093%	$104K	$37K	25x	as long as short
Gate BRKB_USDTshort	0.0000%	8h	503.60	+0.056%	$527K	$25K	20x
Bitget BRKBUSDT	0.0000%	8h	503.53	+0.042%	$367K	$70K	20x	as long as short
SunX BRKB-USDTlong	0.0000%	8h	503.32	long leg	$1K	$1.3M	10x
HTX BRKB-USDT	0.0000%	8h	503.74	+0.083%	$7K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.44	+0.024%	$1.3M	$61K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	503.72	+0.079%	$42K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0126%	8h	503.32	−0.001%	$425K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BRKBUSDT	+0.0314%	8h	503.28	−0.008%	$2.6M	$1.5M	20x	as long as short
OKX BRKB-USDT-SWAP	+0.0546%	8h	503.59	+0.054%	$487K	$140K	20x	as long as short
edgeX BRKBUSDC	+0.0600%	4h	503.32	0.000%	$26K	$249K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.1132%	8h	503.41	+0.018%	$3K	$216K	10x	as long as short