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: Gate against Kraken Futures−0.009%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Gate

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 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	Kraken Futures PF_BRETTUSD	0.005784	0.0623	pay 0.0078% / 1h	47m 53s	$43K	$76K	10x
Short	Gate BRETT_USDT	0.005783	0.0100	get 0.0050% / 4h	47m 53s	$429K	$105K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: −$109.9
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$135.85
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 8 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 Gate live order book, 8 min ago	14.61 bp	347.4 bp −$347	doesn't fit	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	0.005785	+0.025%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.959%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0055%	4h	0.005761	−0.390%	$57K	$186K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005804	+0.354%	$314K	$259K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005795	+0.198%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005778	−0.096%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005780	−0.061%	$132K	$267K	10x	as long as short
Gate BRETT_USDTshort	+0.0100%	4h	0.005783	−0.009%	$429K	$105K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005795	+0.198%	$12.4M	$203K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005793	+0.163%	$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	0.005779	−0.079%	$1.4M	$579K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005792	+0.146%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005788	+0.077%	$42K	$104K	—	as long as short
Kraken Futures PF_BRETTUSDlong	+0.0623%	1h	0.005784	long leg	$43K	$76K	10x