BREV

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0834%/8h= −91.3% APRnext payment −$4.17 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX−0.242%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1571.574% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.242%, 7d avg −0.059%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and OKX is 0.184% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.059%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.17 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	BingX BREV-USDT	0.09080	0.0100	pay 0.0050% / 4h	17m 28s	—	$2.3M	—
Short	OKX BREV-USDT-SWAP	0.09058	−0.0734	pay 0.0367% / 4h	17m 28s	$543K	$1.1M	20x

Funding 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 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 BingXbpFee OKXbpOrdersPrice spread, now −0.242%Rate

Funding earned: −$175.09
Price spread: −0.242% → −0.059%: −$18.36
Slippage, 4 orders: −$137.43
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$350.89
Costs to cover: 1.574%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; OKX: live order book, 4 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, 6 min ago	6.61 bp	39.1 bp −$39	152.5 bp −$1,525	1047.4 bp −$104.7K	1279.0 bp −$639.5K
Sell OKX live order book, 4 min ago	6.07 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit

BREV on 11 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
OKX BREV-USDT-SWAPshort	−0.0734%	4h	0.09058	−0.242%	$543K	$1.1M	20x
Aster BREVUSDT	−0.0412%	4h	0.09066	−0.150%	$16K	$4K	5x	as long as short
Bybit BREVUSDT	+0.0003%	4h	0.09087	+0.077%	$550K	$924K	50x	as long as short
Binance BREVUSDT	+0.0100%	4h	0.09076	−0.040%	$1.6M	$3.2M	50x	as long as short
Gate BREV_USDT	+0.0100%	8h	0.09080	0.000%	$55K	$92K	50x	as long as short
MEXC BREV_USDT	+0.0100%	4h	0.09082	+0.022%	$4.0M	$356K	20x	as long as short
KuCoin BREVUSDTM	+0.0100%	4h	0.09070	−0.110%	$457K	$64K	50x	as long as short
Bitget BREVUSDT	+0.0100%	4h	0.09086	+0.066%	$451K	$260K	20x	as long as short
BingX BREV-USDTlong	+0.0100%	4h	0.09080	long leg	—	$2.3M	—
Variational Omni BREV	+0.0100%	4h	0.09084	+0.043%	$178	$105	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BREV-USDT	+0.0100%	4h	0.09090	+0.110%	$1K	$2.2M	20x	as long as short