Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Phemex against SunX−0.024%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2382.378% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.024%, 7d avg +0.006%

Together, before fees+0.026%+$3 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: Phemex is 0.029% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRKB-USDT	503.91	0	get 0.0000% / 8h	23m 53s	$2K	$1.4M	10x
Short	Phemex BRKBUSDT	503.79	0	get 0.0000% / 8h	23m 53s	$1.3M	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.006%: −$2.94
Slippage, 4 orders: −$217.78
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$240.72
Costs to cover: 2.378%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Phemex: 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 SunX live order book, 10 min ago	45.34 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.77 bp	56.2 bp −$56	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
Aster BRKBUSDT	0.0000%	8h	504.20	+0.057%	$285K	$17K	20x	as long as short
Binance BRKBUSDT	0.0000%	8h	503.90	−0.002%	$2.6M	$1.4M	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.58	+0.133%	$99K	$10K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	504.76	+0.169%	$481K	$135K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.20	+0.058%	$524K	$22K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	503.89	−0.005%	$426K	$12K	—	as long as short
GRVT BRKB_USDT_Perp	0.0000%	8h	504.03	+0.025%	$2K	$219K	10x	as long as short
SunX BRKB-USDTlong	0.0000%	8h	503.91	long leg	$2K	$1.4M	10x
HTX BRKB-USDT	0.0000%	8h	504.26	+0.069%	$6K	$37K	20x	as long as short
Phemex BRKBUSDTshort	0.0000%	8h	503.79	−0.024%	$1.3M	$57K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BRK.B-USD	+0.0018%	1h	503.70	−0.042%	$1.1M	$3.1M	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.35	+0.087%	$39K	$1.3M	20x	as long as short
Bitget BRKBUSDT	+0.0332%	8h	503.97	+0.012%	$362K	$68K	20x	as long as short
edgeX BRKBUSDC	+0.0623%	4h	503.89	−0.004%	$26K	$248K	10x	as long as short