Funding you earn now, next payment 12:00 UTC+0.0249%/8h= +27.3% APRnext payment +$1.25 per $10,000 · paid last 24h +0.050%
Price spread now: OKX against Binance+0.005%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1571.570% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.005%, 7d avg +0.074%
=Funding pays, the price is against you. OKX is 0.069% cheaper against Binance than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.074%). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.053% in total) that is about 9.1 days.
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 +$1.25 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 | Binance BRETTUSDT | 0.005729 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $1.2M | $3.0M | 50x |
| Short | OKX BRETT-USDT-SWAP | 0.005729 | 0.0349 | get 0.0175% / 4h | 3h 28m | $145K | $413K | 10x |
Binance BRETTUSDT
OKX BRETT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- $52.36
- Price spread: +0.005% → +0.074%
- −$6.86
- Slippage, 4 orders
- −$136.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$111.47
- Costs to cover
- 1.570%
- Break-even
- 21.9 days
Slippage from Binance: live order book, 7 min ago; OKX: 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 Binance live order book, 7 min ago | 4.33 bp | 27.0 bp −$27 | 153.6 bp −$1,536 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 10.47 bp | 46.9 bp −$47 | doesn't fit | 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 | 0.005712 | −0.291% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | +1.926% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDT | +0.0083% | 4h | 0.005735 | +0.110% | $56K | $203K | 50x | as long as short |
| Binance BRETTUSDTlong | +0.0100% | 4h | 0.005729 | long leg | $1.2M | $3.0M | 50x | |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005719 | −0.169% | $2.1M | $2.3M | 25x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005718 | −0.187% | $415K | $106K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005728 | −0.012% | $12.1M | $235K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005719 | −0.169% | $276K | $115K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005714 | −0.256% | $1.3M | $602K | 50x | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005732 | +0.059% | $42K | $105K | — | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
BloFin BRETT-USDT
Bybit BRETTUSDT
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTM
Bitget BRETTUSDT
Variational Omni BRETTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid BRETT | +0.0295% | 1h | 0.005723 | −0.099% | $314K | $295K | 3x | as long as short |
| OKX BRETT-USDT-SWAPshort | +0.0349% | 4h | 0.005729 | +0.005% | $145K | $413K | 10x | |
| BingX BRETT-USDT | +0.0398% | 4h | 0.005714 | −0.256% | — | $1.4M | — | as long as short |
| Kraken Futures PF_BRETTUSD | +0.1529% | 1h | 0.005725 | −0.058% | $38K | $105K | 10x | as long as short |
Hyperliquid BRETT
BingX BRETT-USDT
Kraken Futures PF_BRETTUSD