Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Bybit against OKX0.000%7-day average −0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2492.491% 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)−0.188%−$19 · spread now 0.000%, 7d avg −0.187%

Together, before fees−0.219%−$22 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: Bybit is 0.187% dearer against OKX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BRETT-USDT-SWAP	0.005813	0.0100	pay 0.0050% / 4h	2h 41m	$133K	$273K	10x
Short	Bybit BRETTUSDT	0.005813	0.0100	get 0.0050% / 4h	2h 41m	$2.1M	$1.9M	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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.187%: $18.72
Slippage, 4 orders: −$228.09
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$230.37
Costs to cover: 2.491%
Break-even: never at this rate

Slippage from OKX: live order book, 23 min ago; Bybit: live order book, 5 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, 23 min ago	8.42 bp	94.2 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.87 bp	37.8 bp −$38	142.3 bp −$1,423	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	0.005802	−0.189%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.447%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0077%	4h	0.005854	+0.705%	$58K	$189K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005826	+0.224%	$316K	$256K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005818	+0.086%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005813	0.000%	$2.1M	$1.9M	25x
OKX BRETT-USDT-SWAPlong	+0.0100%	4h	0.005813	long leg	$133K	$273K	10x
Gate BRETT_USDT	+0.0100%	4h	0.005819	+0.103%	$431K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005823	+0.172%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005814	+0.017%	$312K	$88K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005813	0.000%	$1.4M	$633K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005821	+0.138%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005817	+0.071%	$43K	$114K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1536%	1h	0.005815	+0.041%	$44K	$76K	10x	as long as short