Funding you earn now, next payment 05:00 UTC−0.0533%/8h= −58.4% APRpaid last 24h −0.265%
Price spread now: OKX against Kraken Futures+0.297%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.106%−$11 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 0.297% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.297% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.106% in total) that is about 20 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% 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 | 0.005962 | 0.0633 | pay 0.0079% / 1h | 42m 30s | $45K | $76K | 10x |
| Short | OKX BRETT-USDT-SWAP | 0.005980 | 0.0100 | get 0.0050% / 4h | 3h 42m | $139K | $292K | 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
- −$111.99
- Price spread: +0.297% → 0.000%
- $29.72
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$102.27
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 8 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, 8 min ago | 10.01 bp | 100.5 bp −$101 | 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 | 0.005959 | −0.055% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −2.068% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDT | +0.0051% | 4h | 0.005967 | +0.079% | $58K | $209K | 50x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005982 | +0.331% | $323K | $268K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005956 | −0.107% | $1.2M | $2.6M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005960 | −0.038% | $2.2M | $2.0M | 25x | as long as short |
| OKX BRETT-USDT-SWAPshort | +0.0100% | 4h | 0.005980 | +0.297% | $139K | $292K | 10x | |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005943 | −0.323% | $430K | $109K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005960 | −0.038% | $12.7M | $207K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005957 | −0.089% | $292K | $104K | 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 | 0.005957 | −0.089% | $1.4M | $576K | 50x | as long as short |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005961 | −0.021% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005965 | +0.045% | $44K | $105K | — | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.0633% | 1h | 0.005962 | long leg | $45K | $76K | 10x |
Bitget BRETTUSDT
BingX BRETT-USDT
Variational Omni BRETT