Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1129%/8h= +123.6% APRpaid last 24h +0.255%

Price spread now: Kraken Futures against BingX+0.022%7-day average −0.017% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1741.744% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 4 days (all we have)−1.239%−$124 · spread now +0.022%, 7d avg −0.017%

Together, before fees−1.114%−$111 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Kraken Futures is 0.038% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% 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	BingX BRETT-USDT	0.005816	0.0376	pay 0.0188% / 4h	3h 14m	—	$1.4M	—
Short	Kraken Futures PF_BRETTUSD	0.005817	0.1505	get 0.0188% / 1h	14m 56s	$39K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.022%Rate

Funding earned: $236.99
Price spread: +0.022% → −0.017%: $3.85
Slippage, 4 orders: −$154.43
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $66.4
Costs to cover: 1.744%
Break-even: 5.0 days

Slippage from BingX: live order book, 2 min ago; Kraken Futures: live order book, 53 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, 2 min ago	8.59 bp	33.0 bp −$33	101.1 bp −$1,011	516.9 bp −$51.7K	719.5 bp −$359.7K
Sell Kraken Futures live order book, 53 min ago	42.98 bp	57.8 bp −$58	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	0.005811	−0.086%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.395%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005822	+0.103%	$315K	$295K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005819	+0.058%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005809	−0.120%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005818	+0.034%	$422K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005817	+0.017%	$12.3M	$237K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005812	−0.069%	$281K	$114K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005811	−0.086%	$1.4M	$588K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005815	−0.023%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDT	+0.0121%	4h	0.005826	+0.172%	$56K	$206K	50x	as long as short
BingX BRETT-USDTlong	+0.0376%	4h	0.005816	long leg	—	$1.4M	—
OKX BRETT-USDT-SWAP	+0.0380%	4h	0.005820	+0.069%	$147K	$416K	10x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1505%	1h	0.005817	+0.022%	$39K	$105K	10x