Funding you earn now, next payment 05:00 UTC+0.0531%/8h= +58.2% APRpaid last 24h +0.293%
Price spread now: Kraken Futures against Binance+0.190%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.190% dearer against Binance than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.2% a year). A funding rate is set anew for every payment. 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 | 0.005970 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $1.2M | $2.7M | 50x |
| Short | Kraken Futures PF_BRETTUSD | 0.005981 | 0.0631 | get 0.0079% / 1h | 30m 26s | $46K | $77K | 10x |
Binance BRETTUSDT
Kraken Futures PF_BRETTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $111.57
- Price spread: +0.190% → 0.000%
- $18.95
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $110.52
- Costs to cover
- 0.200%
- Break-even
- 0.1 days
Slippage unknown: Binance: live order book, 5 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 5 min ago | 5.01 bp | 43.0 bp −$43 | 239.8 bp −$2,398 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.005967 | −0.050% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −2.194% | $61 | $854 | 5.5x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005976 | +0.101% | $323K | $268K | 3x | as long as short |
| Binance BRETTUSDTlong | +0.0100% | 4h | 0.005970 | long leg | $1.2M | $2.7M | 50x | |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005964 | −0.101% | $2.2M | $1.9M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005981 | +0.184% | $152K | $298K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005960 | −0.168% | $431K | $109K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005972 | +0.034% | $12.7M | $208K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005961 | −0.151% | $292K | $104K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005967 | −0.050% | $1.4M | $578K | 50x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
Hyperliquid BRETT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTM
Bitget BRETTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BRETT-USDT | +0.0100% | 4h | 0.005969 | −0.017% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005978 | +0.133% | $44K | $105K | — | as long as short |
| BloFin BRETT-USDT | +0.0123% | 4h | 0.005965 | −0.084% | $59K | $211K | 50x | as long as short |
| Kraken Futures PF_BRETTUSDshort | +0.0631% | 1h | 0.005981 | +0.190% | $46K | $77K | 10x |
BingX BRETT-USDT
Variational Omni BRETT
BloFin BRETT-USDT