Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1119%/8h= +122.5% APRpaid last 24h +0.309%

Price spread now: Kraken Futures against Bybit+0.069%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 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 +$34 a day on $10k at the current rate, and Kraken Futures is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 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 0.154% in total (about 8.0% 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	Bybit BRETTUSDT	0.005808	0.0100	pay 0.0050% / 4h	1h 33m	$2.1M	$2.1M	25x
Short	Kraken Futures PF_BRETTUSD	0.005812	0.1219	get 0.0152% / 1h	33m 30s	$40K	$91K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.069%Rate

Funding earned: $235.01
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $220.9
Costs to cover: 0.210%
Break-even: 0.4 days

Slippage unknown: Bybit: 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 Bybit live order book, 3 min ago	6.03 bp	27.3 bp −$27	136.8 bp −$1,368	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	0.005803	−0.086%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.534%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005822	+0.238%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005808	long leg	$2.1M	$2.1M	25x
Gate BRETT_USDT	+0.0100%	4h	0.005811	+0.052%	$420K	$112K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005821	+0.224%	$12.3M	$233K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005811	+0.052%	$276K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005807	−0.017%	$1.4M	$613K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005802	−0.095%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0117%	1h	0.005826	+0.310%	$312K	$281K	3x	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	+0.0123%	4h	0.005833	+0.430%	$57K	$209K	50x	as long as short
BingX BRETT-USDT	+0.0466%	4h	0.005814	+0.103%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0498%	4h	0.005829	+0.362%	$146K	$370K	10x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1219%	1h	0.005812	+0.069%	$40K	$91K	10x