Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: OKX against Bybit+0.103%7-day average +0.185% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

costs, in and out, $10k−$2522.516% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now +0.103%, 7d avg +0.185%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.081% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.185%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BRETTUSDT	0.005802	0.0100	pay 0.0050% / 4h	1h 33m	$2.1M	$1.8M	25x
Short	OKX BRETT-USDT-SWAP	0.005808	0.0100	get 0.0050% / 4h	1h 33m	$131K	$257K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.185%: −$8.12
Slippage, 4 orders: −$230.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$259.76
Costs to cover: 2.516%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 46 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 Bybit live order book, 3 min ago	4.31 bp	33.3 bp −$33	150.6 bp −$1,506	doesn't fit	doesn't fit
Sell OKX live order book, 46 min ago	8.55 bp	79.0 bp −$79	doesn't fit	doesn't fit	doesn't fit

BRETT 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
GMX BRETT/USD [ETH-USDC]	L 0.0000% / S 0.0000%	1h	0.005792	−0.172%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.638%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005822	+0.345%	$311K	$238K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005809	+0.121%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005802	long leg	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAPshort	+0.0100%	4h	0.005808	+0.103%	$131K	$257K	10x
Gate BRETT_USDT	+0.0100%	4h	0.005805	+0.052%	$434K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005817	+0.259%	$12.4M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005808	+0.103%	$327K	$74K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005805	+0.052%	$1.4M	$626K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005809	+0.121%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005812	+0.169%	$53K	$102K	—	as long as short
BloFin BRETT-USDT	+0.0136%	4h	0.005808	+0.103%	$57K	$163K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.1397%	1h	0.005806	+0.069%	$44K	$70K	10x	as long as short