BRETT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0267%/8h= −29.2% APRnext payment −$1.33 per $10,000 · paid last 24h −0.050%

Price spread now: MEXC against OKX−0.207%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1331.327% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.207%, 7d avg −0.069%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and MEXC is 0.138% cheaper against OKX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 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	0.005800	0.0367	pay 0.0183% / 4h	3h 21m	$147K	$417K	10x
Short	MEXC BRETT_USDT	0.005788	0.0100	get 0.0050% / 4h	3h 21m	$12.2M	$236K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$56.05
Price spread: −0.207% → −0.069%: −$13.84
Slippage, 4 orders: −$122.69
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$202.58
Costs to cover: 1.327%
Break-even: never at this rate

Slippage from OKX: live order book, 10 min ago; MEXC: live order book, 2 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, 10 min ago	10.47 bp	48.6 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	4.32 bp	19.7 bp −$20	162.8 bp −$1,628	291.1 bp −$29.1K	312.5 bp −$156.3K

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	0.005782	−0.310%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.672%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0075%	4h	0.005794	−0.103%	$57K	$205K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005792	−0.138%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005781	−0.328%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005784	−0.276%	$420K	$106K	25x	as long as short
MEXC BRETT_USDTshort	+0.0100%	4h	0.005788	−0.207%	$12.2M	$236K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005773	−0.466%	$279K	$114K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005778	−0.379%	$1.4M	$598K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005718	−1.416%	$42K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETT	+0.0155%	1h	0.005795	−0.086%	$314K	$294K	3x	as long as short
BingX BRETT-USDT	+0.0356%	4h	0.005788	−0.207%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAPlong	+0.0367%	4h	0.005800	long leg	$147K	$417K	10x
Kraken Futures PF_BRETTUSD	+0.1512%	1h	0.005789	−0.188%	$38K	$105K	10x	as long as short