BRETT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0382%/8h= −41.9% APRnext payment −$1.91 per $10,000 · paid last 24h −0.028%

Price spread now: Bybit against OKX−0.343%7-day average −0.187% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1391.392% of the position

Long on OKX Short on Bybit

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)+0.109%+$11 · spread now −0.343%, 7d avg −0.187%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.155% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.187%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.91 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	OKX BRETT-USDT-SWAP	0.005838	0.0482	pay 0.0241% / 4h	1h 39m	$146K	$368K	10x
Short	Bybit BRETTUSDT	0.005818	0.0100	get 0.0050% / 4h	1h 39m	$2.1M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.343%Rate

Funding earned: −$80.31
Price spread: −0.343% → −0.187%: −$15.53
Slippage, 4 orders: −$118.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$235.08
Costs to cover: 1.392%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 3 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 OKX live order book, 1 min ago	8.58 bp	43.1 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	6.00 bp	31.3 bp −$31	140.1 bp −$1,401	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	0.005825	−0.223%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.017%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0051%	4h	0.005842	+0.069%	$57K	$209K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005843	+0.086%	$313K	$281K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005833	−0.084%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005818	−0.343%	$2.1M	$2.1M	25x
Gate BRETT_USDT	+0.0100%	4h	0.005825	−0.223%	$421K	$112K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005834	−0.069%	$12.3M	$232K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005843	+0.086%	$278K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005819	−0.325%	$1.4M	$613K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005828	−0.163%	$43K	$105K	—	as long as short
BingX BRETT-USDT	+0.0442%	4h	0.005828	−0.171%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAPlong	+0.0482%	4h	0.005838	long leg	$146K	$368K	10x
Kraken Futures PF_BRETTUSD	+0.1215%	1h	0.005830	−0.135%	$40K	$91K	10x	as long as short