Funding you earn now, next payment 05:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.042%
Price spread now: QFEX against Variational Omni−0.141%47s7-day average +0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.141%, 7d avg +0.002%
=Together, before fees+0.031%+ Points / potential airdropVariational Omni: Active · farm board+$3 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 QFEX is 0.143% cheaper against Variational Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 47 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 -0.045% in total (about -4.7% 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 29m | $427K | $19K | — |
| Short | QFEX BRK.B-USD | 502.75 | −0.0012 | pay 0.0001% / 1h | 29m 45s | $1.1M | $3.2M | 10x |
Variational Omni BRKB
QFEX BRK.B-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.08
- Price spread: −0.141% → +0.002%
- −$14.32
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$70.4
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 24 min ago; QFEX: 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, 24 min ago | 5.24 bp | doesn't fit | 165.9 bp −$1,659 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 151.15 bp | 156.2 bp −$156 | 157.6 bp −$1,576 | 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 | −0.0214% | 4h | 503.43 | −0.007% | $26K | $249K | 10x | as long as short |
| QFEX BRK.B-USDshort | −0.0012% | 1h | 502.75 | −0.141% | $1.1M | $3.2M | 10x | |
| Aster BRKBUSDT | 0.0000% | 8h | 503.84 | +0.076% | $297K | $30K | 20x | as long as short |
| Bybit BRKBUSDT | 0.0000% | 8h | 503.77 | +0.061% | $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 | 504.65 | +0.236% | $42K | $1.4M | 20x | as long as short |
edgeX BRKBUSDC
Aster BRKBUSDT
Bybit BRKBUSDT
Gate BRKB_USDT
Bitget BRKBUSDT
SunX BRKB-USDT
HTX BRKB-USDT
Phemex BRKBUSDT
KuCoin BRKBUSDTMShow 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 | +0.0403% | 8h | 503.75 | +0.057% | $2.6M | $1.5M | 20x | as long as short |
| OKX BRKB-USDT-SWAP | +0.0510% | 8h | 504.59 | +0.224% | $489K | $143K | 20x | as long as short |
| GRVT BRKB_USDT_Perp | +0.0998% | 8h | 503.71 | +0.050% | $3K | $223K | 10x | as long as short |
Binance BRKBUSDT
OKX BRKB-USDT-SWAP
GRVT BRKB_USDT_Perp