Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.039%

Price spread now: KuCoin against Hyperliquid−0.171%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$475as in the Funding arb table

Net, price: spread back to 7d avg − costs−$480as in the Price arb table

costs, in and out, $10k−$4754.748% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.171%, 7d avg −0.119%

Together, before fees+0.246%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.053% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.119%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% 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	Hyperliquid BRETT	0.005842	0.0345	pay 0.0043% / 1h	46m 37s	$314K	$291K	3x
Short	KuCoin BRETTUSDTM	0.005832	0.0100	get 0.0050% / 4h	46m 37s	$280K	$118K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$51.46
Price spread: −0.171% → −0.119%: −$5.25
Slippage, 4 orders: −$453.83
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$531.54
Costs to cover: 4.748%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; KuCoin: live order book, 56 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 Hyperliquid live order book, 3 min ago	1.72 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	12.82 bp	243.7 bp −$244	919.5 bp −$9,195	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	0.005821	−0.359%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.051%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0068%	4h	0.005838	−0.068%	$57K	$212K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005832	−0.175%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005820	−0.377%	$2.2M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005816	−0.445%	$421K	$111K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005831	−0.188%	$12.3M	$232K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005832	−0.171%	$280K	$118K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005816	−0.445%	$1.4M	$609K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005783	−1.004%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETTlong	+0.0345%	1h	0.005842	long leg	$314K	$291K	3x
BingX BRETT-USDT	+0.0574%	4h	0.005827	−0.257%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0655%	4h	0.005837	−0.086%	$147K	$399K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1296%	1h	0.005828	−0.235%	$39K	$105K	10x	as long as short