Funding you earn now, next payment 04:00 UTC−0.0517%/8h= −56.6% APRpaid last 24h −0.298%
Price spread now: KuCoin against Kraken Futures+0.372%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. KuCoin is 0.372% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.372% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.097% in total) that is about 27 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.0% 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 | 0.005840 | 0.0617 | pay 0.0077% / 1h | 18m 21s | $43K | $76K | 10x |
| Short | KuCoin BRETTUSDTM | 0.005862 | 0.0100 | get 0.0050% / 4h | 18m 21s | $309K | $80K | 30x |
Kraken Futures PF_BRETTUSD
KuCoin BRETTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$108.63
- Price spread: +0.372% → 0.000%
- $37.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$93.38
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 63 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 KuCoin live order book, 63 min ago | 11.05 bp | 239.7 bp −$240 | 933.1 bp −$9,331 | 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 | 0.005837 | −0.056% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −0.021% | $61 | $854 | 5.5x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005857 | +0.287% | $316K | $261K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005847 | +0.110% | $1.2M | $2.6M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005839 | −0.021% | $2.1M | $1.9M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005860 | +0.338% | $134K | $269K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005835 | −0.090% | $423K | $119K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005848 | +0.133% | $12.5M | $206K | 200x | as long as short |
| KuCoin BRETTUSDTMshort | +0.0100% | 4h | 0.005862 | +0.372% | $309K | $80K | 30x | |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005840 | −0.004% | $1.4M | $567K | 50x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
Hyperliquid BRETT
Binance BRETTUSDT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
Bitget BRETTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BRETT-USDT | +0.0100% | 4h | 0.005851 | +0.184% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005838 | −0.031% | $43K | $104K | — | as long as short |
| BloFin BRETT-USDT | +0.0145% | 4h | 0.005845 | +0.081% | $57K | $190K | 50x | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.0617% | 1h | 0.005840 | long leg | $43K | $76K | 10x |
BingX BRETT-USDT
Variational Omni BRETT
BloFin BRETT-USDT