Funding you earn now, next payment 23:00 UTC−0.1291%/8h= −141.4% APRpaid last 24h −0.224%
Price spread now: Bitget against Kraken Futures−0.288%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Bitget is 0.288% cheaper against Kraken Futures than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.7% 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 | Kraken Futures PF_BRETTUSD | 0.005832 | 0.1391 | pay 0.0174% / 1h | 38m 34s | $44K | $70K | 10x |
| Short | Bitget BRETTUSDT | 0.005815 | 0.0100 | get 0.0050% / 4h | 1h 38m | $1.4M | $624K | 50x |
Kraken Futures PF_BRETTUSD
Bitget BRETTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$271.16
- Price spread: −0.288% → 0.000%
- −$28.85
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$322.01
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 3 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 3 min ago | 11.18 bp | 41.7 bp −$42 | 239.1 bp −$2,391 | doesn't fit | doesn't fit |
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 | 0.005825 | −0.117% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | +0.123% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDT | +0.0082% | 4h | 0.005845 | +0.226% | $58K | $165K | 50x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005836 | +0.072% | $312K | $238K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005831 | −0.016% | $1.2M | $2.4M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005822 | −0.168% | $2.1M | $1.8M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005832 | +0.003% | $132K | $256K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005822 | −0.168% | $435K | $108K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005830 | −0.031% | $12.5M | $209K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005821 | −0.186% | $327K | $73K | 30x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
BloFin BRETT-USDT
Hyperliquid BRETT
Binance BRETTUSDT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BRETTUSDTshort | +0.0100% | 4h | 0.005815 | −0.288% | $1.4M | $624K | 50x | |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005829 | −0.048% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005836 | +0.077% | $53K | $102K | — | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.1391% | 1h | 0.005832 | long leg | $44K | $70K | 10x |
BingX BRETT-USDT
Variational Omni BRETT