Funding arb · Price arb /

BRKB

RWAall BRKB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0421%/8h= −46.1% APRpaid last 24h −0.162%

Price spread now: edgeX against Variational Omni−0.007%74s7-day average +0.005% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.007%, 7d avg +0.005%

Together, before fees−0.020%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.064% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BRKB	503.46	0.0208	pay 0.0208% / 8h	3h 30m	$427K	$19K	—
Short	edgeX BRKBUSDC	503.43	−0.0214	pay 0.0107% / 4h	3h 30m	$26K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$88.49
Price spread: −0.007% → +0.005%: −$1.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$98.68
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 24 min ago; edgeX: live order book, 22 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 Variational Omni RFQ quote, 24 min ago	5.24 bp	doesn't fit	165.9 bp −$1,659	doesn't fit	doesn't fit
Sell edgeX live order book, 22 min ago	8.94 bp	19.6 bp −$20	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 BRKBUSDCshort	−0.0214%	4h	503.43	−0.007%	$26K	$249K	10x
QFEX BRK.B-USD	−0.0012%	1h	502.75	−0.141%	$1.1M	$3.2M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	503.77	+0.061%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	503.58	+0.023%	$99K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.10	+0.127%	$530K	$26K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.79	+0.065%	$367K	$71K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.54	+0.016%	$979	$1.3M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	503.64	+0.035%	$6K	$38K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	503.78	+0.063%	$1.3M	$61K	10x	as long as short
KuCoin BRKBUSDTM	+0.0100%	8h	504.76	+0.258%	$42K	$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 BRKBlong	+0.0208%	8h	503.46	long leg	$427K	$19K	—
Binance BRKBUSDT	+0.0401%	8h	503.65	+0.037%	$2.6M	$1.5M	20x	as long as short
OKX BRKB-USDT-SWAP	+0.0510%	8h	504.59	+0.224%	$490K	$143K	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0998%	8h	503.71	+0.050%	$3K	$223K	10x	as long as short