Funding arb · Price arb /

BRKB

RWAall BRKB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h 0.000%

Price spread now: QFEX against SunX−0.210%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1431.427% of the position

Long on SunX Short on QFEX

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)+0.067%+$7 · spread now −0.210%, 7d avg −0.013%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.197% cheaper against SunX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRKB-USDT	503.84	0	get 0.0000% / 8h	1h 56m	$1K	$1.2M	10x
Short	QFEX BRK.B-USD	502.78	−0.0012	pay 0.0001% / 1h	56m 38s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$2.45
Price spread: −0.210% → −0.013%: −$19.74
Slippage, 4 orders: −$124.72
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$164.92
Costs to cover: 1.427%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; QFEX: live order book, 6 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, 7 min ago	46.42 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.59 bp	6.6 bp −$7	8.1 bp −$81	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-USDshort	−0.0012%	1h	502.78	−0.210%	$1.2M	$3.1M	10x
Aster BRKBUSDT	0.0000%	8h	503.46	−0.076%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	504.41	+0.113%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.10	+0.052%	$541K	$32K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.90	+0.012%	$368K	$72K	20x	as long as short
SunX BRKB-USDTlong	0.0000%	8h	503.84	long leg	$1K	$1.2M	10x
HTX BRKB-USDT	0.0000%	8h	504.01	+0.034%	$6K	$39K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.82	−0.004%	$1.3M	$62K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.13	+0.058%	$44K	$1.4M	20x	as long as short
Variational Omni BRKB	+0.0266%	8h	504.03	+0.038%	$427K	$19K	—	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	+0.0371%	8h	504.64	+0.159%	$484K	$147K	20x	as long as short
Binance BRKBUSDT	+0.0481%	8h	503.56	−0.056%	$2.6M	$1.5M	20x	as long as short
edgeX BRKBUSDC	+0.0771%	4h	504.20	+0.071%	$26K	$247K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.0902%	8h	503.93	+0.018%	$2K	$230K	10x	as long as short