Funding arb · Price arb /

BRKB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.076%

Price spread now: Binance against QFEX+0.196%7-day average +0.112% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.102%+$10 on $10k

Price spread, last 2 days (all we have)−0.314%−$31 · spread now +0.196%, 7d avg +0.112%

Together, before fees−0.212%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.083% dearer against QFEX than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of +0.112%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 28 days. Mind the row above: over the last 3 days funding on this pair paid +0.102%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BRK.B-USD	503.95	0.0010	pay 0.0001% / 1h	48m 04s	$1.1M	$3.2M	10x
Short	Binance BRKBUSDT	504.94	0	get 0.0000% / 8h	7h 48m	$2.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.196%Rate

Funding earned: −$2.07
Price spread: +0.196% → +0.112%: $8.33
Slippage, 4 orders: −$51.64
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.37
Costs to cover: 0.716%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 2 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 QFEX live order book, 5 min ago	2.09 bp	15.4 bp −$15	17.3 bp −$173	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.20 bp	25.3 bp −$25	68.4 bp −$684	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	504.61	+0.132%	$297K	$30K	20x	as long as short
Binance BRKBUSDTshort	0.0000%	8h	504.94	+0.196%	$2.6M	$1.4M	20x
Bybit BRKBUSDT	0.0000%	8h	505.40	+0.288%	$103K	$12K	25x	as long as short
OKX BRKB-USDT-SWAP	0.0000%	8h	505.44	+0.296%	$482K	$136K	20x	as long as short
Gate BRKB_USDT	0.0000%	8h	504.70	+0.149%	$524K	$21K	20x	as long as short
Variational Omni BRKB	0.0000%	8h	504.88	+0.185%	$426K	$13K	—	as long as short
SunX BRKB-USDT	0.0000%	8h	504.96	+0.200%	$1K	$1.4M	10x	as long as short
HTX BRKB-USDT	0.0000%	8h	505.31	+0.270%	$7K	$37K	20x	as long as short
Phemex BRKBUSDT	0.0000%	8h	504.94	+0.196%	$1.3M	$58K	10x	as long as short
QFEX BRK.B-USDlong	+0.0010%	1h	503.95	long leg	$1.1M	$3.2M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BRKBUSDTM	+0.0100%	8h	504.86	+0.181%	$40K	$1.3M	20x	as long as short
Bitget BRKBUSDT	+0.0362%	8h	505.06	+0.220%	$365K	$69K	20x	as long as short
edgeX BRKBUSDC	+0.0623%	4h	504.87	+0.182%	$26K	$249K	10x	as long as short
GRVT BRKB_USDT_Perp	+0.1486%	8h	504.90	+0.189%	$2K	$219K	10x	as long as short