Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0523%/8h= +57.3% APRpaid last 24h +0.298%

Price spread now: Kraken Futures against Gate−0.008%51s7-day average — · you buy dearer than you sell

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

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$16 a day on $10k at the current rate. The two prices were read 51 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 0.135% in total (about 7.0% 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	Gate BRETT_USDT	0.005784	0.0100	pay 0.0050% / 4h	47m 18s	$429K	$105K	25x
Short	Kraken Futures PF_BRETTUSD	0.005784	0.0623	get 0.0078% / 1h	47m 18s	$43K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.008%Rate

Funding earned: $109.9
Price spread: −0.008% → 0.000%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $84.12
Costs to cover: 0.250%
Break-even: 1.6 days

Slippage unknown: Gate: live order book, 8 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 Gate live order book, 8 min ago	14.61 bp	255.7 bp −$256	doesn't fit	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	0.005789	+0.086%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.951%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0055%	4h	0.005761	−0.398%	$57K	$186K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005804	+0.346%	$314K	$259K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005799	+0.254%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005781	−0.052%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005801	+0.294%	$133K	$269K	10x	as long as short
Gate BRETT_USDTlong	+0.0100%	4h	0.005784	long leg	$429K	$105K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005794	+0.173%	$12.4M	$203K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005794	+0.173%	$306K	$79K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005780	−0.069%	$1.4M	$578K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005788	+0.069%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005788	+0.069%	$42K	$104K	—	as long as short
Kraken Futures PF_BRETTUSDshort	+0.0623%	1h	0.005784	−0.008%	$43K	$76K	10x