Funding you earn now, next payment 07:00 UTC−0.1119%/8h= −122.5% APRpaid last 24h −0.309%
Price spread now: Bybit against Kraken Futures−0.146%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−0.154%−$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bybit is 0.146% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 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 -0.154% 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 | Kraken Futures PF_BRETTUSD | 0.005812 | 0.1219 | pay 0.0152% / 1h | 35m 39s | $40K | $91K | 10x |
| Short | Bybit BRETTUSDT | 0.005804 | 0.0100 | get 0.0050% / 4h | 1h 35m | $2.1M | $2.1M | 25x |
Kraken Futures PF_BRETTUSD
Bybit BRETTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$234.98
- Price spread: −0.146% → 0.000%
- −$14.61
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$270.6
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 6.03 bp | 33.8 bp −$34 | 135.3 bp −$1,353 | 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 | 0.005803 | −0.163% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | +0.456% | $61 | $854 | 5.5x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005817 | +0.078% | $312K | $281K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005811 | −0.026% | $1.2M | $2.9M | 50x | as long as short |
| Bybit BRETTUSDTshort | +0.0100% | 4h | 0.005804 | −0.146% | $2.1M | $2.1M | 25x | |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005809 | −0.060% | $420K | $112K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005811 | −0.026% | $12.3M | $233K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005819 | +0.112% | $277K | $113K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005806 | −0.112% | $1.4M | $613K | 50x | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005802 | −0.172% | $43K | $105K | — | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
Hyperliquid BRETT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BRETT-USDT | +0.0106% | 4h | 0.005833 | +0.353% | $57K | $209K | 50x | as long as short |
| BingX BRETT-USDT | +0.0466% | 4h | 0.005805 | −0.129% | — | $1.4M | — | as long as short |
| OKX BRETT-USDT-SWAP | +0.0504% | 4h | 0.005818 | +0.095% | $146K | $369K | 10x | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.1219% | 1h | 0.005812 | long leg | $40K | $91K | 10x |
BloFin BRETT-USDT
BingX BRETT-USDT
OKX BRETT-USDT-SWAP