Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1424%/8h= +155.9% APRpaid last 24h +0.259%

Price spread now: Kraken Futures against Bitget+0.146%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 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 +$43 a day on $10k at the current rate, and Kraken Futures is 0.146% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% 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	Bitget BRETTUSDT	0.005852	0.0100	pay 0.0050% / 4h	2h 28m	$1.4M	$613K	50x
Short	Kraken Futures PF_BRETTUSD	0.005861	0.1524	get 0.0190% / 1h	28m 14s	$44K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.146%Rate

Funding earned: $299
Price spread: +0.146% → 0.000%: $14.6
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $291.61
Costs to cover: 0.220%
Break-even: 0.2 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	8.57 bp	53.2 bp −$53	264.5 bp −$2,645	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 13 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	0.005847	−0.085%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.222%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005865	+0.222%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005855	+0.051%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005873	+0.359%	$135K	$274K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005843	−0.154%	$433K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005864	+0.205%	$12.5M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005840	−0.205%	$309K	$89K	30x	as long as short
Bitget BRETTUSDTlong	+0.0100%	4h	0.005852	long leg	$1.4M	$613K	50x
BingX BRETT-USDT	+0.0100%	4h	0.005860	+0.137%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005840	−0.212%	$43K	$114K	—	as long as short
Hyperliquid BRETT	+0.0139%	1h	0.005870	+0.308%	$318K	$256K	3x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1524%	1h	0.005861	+0.146%	$44K	$75K	10x