BRETT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0428%/8h= −46.9% APRnext payment −$2.14 per $10,000 · paid last 24h −0.027%

Price spread now: KuCoin against BingX+0.017%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$455as in the Funding arb table

Net, price: spread back to 7d avg − costs−$455as in the Price arb table

costs, in and out, $10k−$4564.559% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now +0.017%, 7d avg +0.008%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$13 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 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.14 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	BingX BRETT-USDT	0.005812	0.0528	pay 0.0264% / 4h	3h 56m	—	$1.4M	—
Short	KuCoin BRETTUSDTM	0.005813	0.0100	get 0.0050% / 4h	3h 56m	$280K	$118K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$89.88
Price spread: +0.017% → +0.008%: $0.92
Slippage, 4 orders: −$433.93
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$544.89
Costs to cover: 4.559%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 35 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, 3 min ago	10.34 bp	37.2 bp −$37	120.0 bp −$1,200	635.5 bp −$63.6K	892.4 bp −$446.2K
Sell KuCoin live order book, 35 min ago	26.65 bp	174.1 bp −$174	849.4 bp −$8,494	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	0.005807	−0.086%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.465%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005826	+0.241%	$315K	$290K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005815	+0.052%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005805	−0.120%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005808	−0.069%	$421K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005815	+0.052%	$12.3M	$233K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005813	+0.017%	$280K	$118K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005805	−0.120%	$1.4M	$607K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005796	−0.272%	$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	+0.0115%	4h	0.005815	+0.052%	$57K	$206K	50x	as long as short
OKX BRETT-USDT-SWAP	+0.0519%	4h	0.005821	+0.155%	$148K	$411K	10x	as long as short
BingX BRETT-USDTlong	+0.0528%	4h	0.005812	long leg	—	$1.4M	—
Kraken Futures PF_BRETTUSD	+0.1500%	1h	0.005835	+0.390%	$39K	$105K	10x	as long as short