BRKB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.8% APRnext payment −$2.36 per $10,000 · paid last 24h −0.041%

Price spread now: Phemex against Variational Omni−0.010%7-day average +0.018% · you buy dearer than you sell

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.010%, 7d avg +0.018%

Together, before fees+0.041%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.028% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.041% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.36 per $10,000. 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	503.65	0.0236	pay 0.0236% / 8h	2h 34m	$427K	$19K	—
Short	Phemex BRKBUSDT	503.60	0	get 0.0000% / 8h	2h 34m	$1.3M	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhemexbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$49.47
Price spread: −0.010% → +0.018%: −$2.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$64.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Phemex: live order book, 3 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, 14 min ago	3.99 bp	doesn't fit	165.3 bp −$1,653	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.89 bp	45.8 bp −$46	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 BRKBUSDC	−0.0224%	4h	503.64	−0.003%	$26K	$248K	10x	as long as short
QFEX BRK.B-USD	−0.0003%	1h	502.60	−0.209%	$1.1M	$3.1M	10x	as long as short
Aster BRKBUSDT	0.0000%	8h	503.36	−0.058%	$297K	$30K	20x	as long as short
Bybit BRKBUSDT	0.0000%	8h	503.87	+0.043%	$98K	$40K	25x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.20	+0.109%	$530K	$27K	20x	as long as short
Bitget BRKBUSDT	0.0000%	8h	503.84	+0.037%	$367K	$71K	20x	as long as short
SunX BRKB-USDT	0.0000%	8h	503.74	+0.017%	$1K	$1.2M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	504.06	+0.081%	$7K	$38K	20x	as long as short
Phemex BRKBUSDTshort	0.0000%	8h	503.60	−0.010%	$1.3M	$62K	10x
KuCoin BRKBUSDTM	+0.0100%	8h	503.81	+0.031%	$45K	$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	+0.0236%	8h	503.65	long leg	$427K	$19K	—
Binance BRKBUSDT	+0.0438%	8h	503.69	+0.008%	$2.6M	$1.5M	20x	as long as short
OKX BRKB-USDT-SWAP	+0.0470%	8h	504.31	+0.131%	$483K	$150K	20x	as long as short
GRVT BRKB_USDT_Perp	+0.0880%	8h	503.66	+0.002%	$2K	$225K	10x	as long as short