Funding you earn now, next payment 12:00 UTC−0.0106%/8h= −11.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.051%
Price spread now: OKX against BingX−0.258%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1561.562% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.258%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.199% cheaper against BingX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BREV-USDT | 0.08921 | 0.0100 | pay 0.0050% / 4h | 1h 58m | — | $2.7M | — |
| Short | OKX BREV-USDT-SWAP | 0.08898 | −0.0006 | pay 0.0003% / 4h | 1h 58m | $530K | $1.2M | 20x |
BingX BREV-USDT
OKX BREV-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- −$22.36
- Price spread: −0.258% → −0.059%
- −$19.9
- Slippage, 4 orders
- −$136.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$198.51
- Costs to cover
- 1.562%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 1 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 BingX live order book, 4 min ago | 5.57 bp | 37.8 bp −$38 | 143.3 bp −$1,433 | 910.5 bp −$91.0K | 1282.3 bp −$641.1K |
| Sell OKX live order book, 1 min ago | 6.18 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
BREV on 11 exchanges
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 BREVUSDT | −0.0014% | 4h | 0.08923 | +0.019% | $15K | $4K | 5x | as long as short |
| OKX BREV-USDT-SWAPshort | −0.0006% | 4h | 0.08898 | −0.258% | $530K | $1.2M | 20x | |
| Binance BREVUSDT | +0.0100% | 4h | 0.08903 | −0.202% | $1.6M | $3.6M | 50x | as long as short |
| Bybit BREVUSDT | +0.0100% | 4h | 0.08913 | −0.090% | $556K | $1.0M | 50x | as long as short |
| Gate BREV_USDT | +0.0100% | 8h | 0.08930 | +0.101% | $62K | $131K | 50x | as long as short |
| MEXC BREV_USDT | +0.0100% | 4h | 0.08918 | −0.034% | $4.0M | $373K | 20x | as long as short |
| KuCoin BREVUSDTM | +0.0100% | 4h | 0.08930 | +0.101% | $451K | $62K | 50x | as long as short |
| Bitget BREVUSDT | +0.0100% | 4h | 0.08912 | −0.101% | $454K | $317K | 20x | as long as short |
| BingX BREV-USDTlong | +0.0100% | 4h | 0.08921 | long leg | — | $2.7M | — | |
| Variational Omni BREV | +0.0100% | 4h | 0.08982 | +0.683% | $175 | $1 | — | as long as short |
Aster BREVUSDT
Binance BREVUSDT
Bybit BREVUSDT
Gate BREV_USDT
MEXC BREV_USDT
KuCoin BREVUSDTM
Bitget BREVUSDT
Variational Omni BREVShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX BREV-USDT | +0.0100% | 4h | 0.08910 | −0.123% | $1K | $2.5M | 20x | as long as short |
SunX BREV-USDT