BREV Funding Rate — live across 9 venues

Perpetual funding · compared across 9 venues · net of estimated fees · updated every few minutes

Live annualized BREV perpetual funding across all 9 venues Perpia tracks. Right now BREV funding is positive on 1 and negative on 8, ranging from +10.9% on Variational to -58.4% on OKX — a spread of 69.3%. The widest delta-neutral trade is long OKX / short BingX at 47.7% net APR.

9venues

1paying positive

69.3%funding spread

Best BREV spread now

47.7%

net APR after fees

LongOKX↗→ShortBingX↗

size depends on live venue depth — see the real cap in the scanner

BREV funding trend & liquidity

169h of history

51.3%current gross APR

8.2%24h average

13.5%7-day average

$448Kpair OI · lower leg

$169K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

BREV · OKX → BingX — no history

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Build a route

any two of the 9 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+51.3%+$14.07 / day on $10,000

Widest routes

This route is 18 pp below the widest one right now (OKX → Variational). The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 9 venues

Venue	Funding APR ↓	Interval
Variational↗	+10.9%	every 4h
below — these venues pay the longs: this is the leg you buy
BingX↗short	−7.0%	every 4h
Bybit↗	−7.8%	every 4h
Bitget↗	−8.3%	every 4h
Gate.io↗	−15.2%	every 8h
KuCoin↗	−26.5%	every 4h
Binance↗	−39.5%	every 4h
MEXC↗	−40.5%	every 4h
OKX↗long	−58.4%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs BingX page. 23 pairs scanned for BREV.

BREV arbitrage — 30-day backtest

long OKX · short BingX

8.1%backtested APR

+$66historical net P&L on $10,000

0.10%max drawdown

$10,000$10,066

30 days agostarting capital $10,000today

Over the last 30 days, holding long OKX / short BingX would have produced 8.1% APR — versus the 47.7% the live spread implies right now (equity $10,000 → $10,066). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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BREV — FAQ

Is BREV funding positive right now?

BREV perpetual funding is positive on 1 of 9 venues Perpia tracks and negative on 8. The highest is +10.9% on Variational; the lowest is -58.4% on OKX.

What is the best BREV funding arbitrage right now?

Go long OKX and short BingX for about 47.7% net APR after fees — the widest delta-neutral BREV spread Perpia currently sees.

Which exchange has the highest BREV funding rate?

Variational, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How BREV funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to BREV

also quoted on both BingX and OKX

The same two exchanges you would already have funded for the BREV trade. Every spread between them is on the BingX vs OKX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this