BRETT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h −0.050%

Price spread now: Bybit against OKX−0.173%7-day average −0.191% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1471.474% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.173%, 7d avg −0.191%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.191%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

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 −$1.56 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	0.005775	0.0412	pay 0.0206% / 4h	3h 36m	$146K	$414K	10x
Short	Bybit BRETTUSDT	0.005765	0.0100	get 0.0050% / 4h	3h 36m	$2.1M	$2.3M	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 −0.173%Rate

Funding earned: −$65.52
Price spread: −0.173% → −0.191%: $1.79
Slippage, 4 orders: −$126.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$211.17
Costs to cover: 1.474%
Break-even: never at this rate

Slippage from OKX: live order book, 60 min ago; Bybit: live order book, 1 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, 60 min ago	8.59 bp	49.0 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.34 bp	26.2 bp −$26	124.3 bp −$1,243	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	0.005762	−0.225%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+1.108%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0057%	4h	0.005792	+0.294%	$57K	$205K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005774	−0.017%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005765	−0.173%	$2.1M	$2.3M	25x
Gate BRETT_USDT	+0.0100%	4h	0.005770	−0.087%	$419K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005774	−0.017%	$12.2M	$235K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005772	−0.052%	$279K	$116K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005765	−0.173%	$1.3M	$605K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005766	−0.164%	$43K	$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	+0.0296%	1h	0.005780	+0.087%	$312K	$289K	3x	as long as short
BingX BRETT-USDT	+0.0390%	4h	0.005772	−0.052%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAPlong	+0.0412%	4h	0.005775	long leg	$146K	$414K	10x
Kraken Futures PF_BRETTUSD	+0.1516%	1h	0.005774	−0.024%	$38K	$105K	10x	as long as short