Funding you earn now, next payment 23:00 UTC−0.1300%/8h= −142.3% APRpaid last 24h −0.196%
Price spread now: OKX against Kraken Futures+0.215%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 0.215% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.215% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.021% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% 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 | Kraken Futures PF_BRETTUSD | 0.005797 | 0.1400 | pay 0.0175% / 1h | 20m 15s | $44K | $70K | 10x |
| Short | OKX BRETT-USDT-SWAP | 0.005809 | 0.0100 | get 0.0050% / 4h | 1h 20m | $131K | $258K | 10x |
Kraken Futures PF_BRETTUSD
OKX BRETT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Kraken Futures. 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
- −$272.94
- Price spread: +0.215% → 0.000%
- $21.52
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$271.42
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 60 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 60 min ago | 8.55 bp | 79.0 bp −$79 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.005789 | −0.130% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | +0.733% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDT | +0.0074% | 4h | 0.005800 | +0.060% | $57K | $163K | 50x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005806 | +0.163% | $308K | $242K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005797 | +0.008% | $1.2M | $2.4M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005790 | −0.113% | $2.1M | $1.8M | 25x | as long as short |
| OKX BRETT-USDT-SWAPshort | +0.0100% | 4h | 0.005809 | +0.215% | $131K | $258K | 10x | |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005797 | +0.008% | $433K | $108K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005795 | −0.026% | $12.4M | $210K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005797 | +0.008% | $325K | $74K | 30x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
BloFin BRETT-USDT
Hyperliquid BRETT
Binance BRETTUSDT
Bybit BRETTUSDT
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005789 | −0.130% | $1.4M | $630K | 50x | as long as short |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005798 | +0.025% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005800 | +0.065% | $52K | $102K | — | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.1400% | 1h | 0.005797 | long leg | $44K | $70K | 10x |
Bitget BRETTUSDT
BingX BRETT-USDT
Variational Omni BRETT