Funding you earn now, next payment 09:00 UTC−0.1429%/8h= −156.5% APRpaid last 24h −0.288%
Price spread now: BloFin against Kraken Futures+0.073%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1631.627% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.073%, 7d avg +0.046%
=The price spread pays, funding is against you. BloFin is 0.027% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.046%): +$3 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 1 hour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% 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 | 0.005796 | 0.1510 | pay 0.0189% / 1h | 44m 51s | $39K | $105K | 10x |
| Short | BloFin BRETT-USDT | 0.005800 | 0.0081 | get 0.0040% / 4h | 3h 44m | $57K | $205K | 50x |
Kraken Futures PF_BRETTUSD
BloFin BRETT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$300.19
- Price spread: +0.073% → +0.046%
- $2.66
- Slippage, 4 orders
- −$140.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$460.28
- Costs to cover
- 1.627%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 23 min ago; BloFin: live order book, 21 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 Kraken Futures live order book, 23 min ago | 42.98 bp | 48.0 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 21 min ago | 6.89 bp | 29.7 bp −$30 | 105.5 bp −$1,055 | 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 | 0.005788 | −0.134% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | +0.746% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDTshort | +0.0081% | 4h | 0.005800 | +0.073% | $57K | $205K | 50x | |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005801 | +0.089% | $1.2M | $3.0M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005788 | −0.134% | $2.1M | $2.3M | 25x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005801 | +0.090% | $420K | $106K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005801 | +0.090% | $12.3M | $234K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005801 | +0.090% | $280K | $116K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005787 | −0.152% | $1.4M | $604K | 50x | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005796 | +0.004% | $43K | $105K | — | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
Binance BRETTUSDT
Bybit BRETTUSDT
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTM
Bitget BRETTUSDT
Variational Omni BRETTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid BRETT | +0.0208% | 1h | 0.005805 | +0.159% | $313K | $289K | 3x | as long as short |
| BingX BRETT-USDT | +0.0452% | 4h | 0.005798 | +0.038% | — | $1.4M | — | as long as short |
| OKX BRETT-USDT-SWAP | +0.0453% | 4h | 0.005795 | −0.014% | $147K | $416K | 10x | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.1510% | 1h | 0.005796 | long leg | $39K | $105K | 10x |
Hyperliquid BRETT
BingX BRETT-USDT
OKX BRETT-USDT-SWAP