Funding you earn now, next payment 04:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.298%
Price spread now: MEXC against Kraken Futures+0.142%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. MEXC is 0.142% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.135% in total) that is about 7.4 days.
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 | 0.005850 | 0.0616 | pay 0.0077% / 1h | 23m 08s | $43K | $76K | 10x |
| Short | MEXC BRETT_USDT | 0.005858 | 0.0100 | get 0.0050% / 4h | 23m 08s | $12.5M | $205K | 200x |
Kraken Futures PF_BRETTUSD
MEXC BRETT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$108.42
- Price spread: +0.142% → 0.000%
- $14.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$104.21
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 4.26 bp | 22.8 bp −$23 | 182.9 bp −$1,829 | 292.4 bp −$29.2K | 309.1 bp −$154.5K |
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 | 0.005846 | −0.063% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −0.183% | $61 | $854 | 5.5x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005860 | +0.176% | $316K | $261K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005858 | +0.137% | $1.2M | $2.6M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005854 | +0.074% | $2.1M | $1.9M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005860 | +0.176% | $134K | $269K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005853 | +0.057% | $425K | $119K | 25x | as long as short |
| MEXC BRETT_USDTshort | +0.0100% | 4h | 0.005858 | +0.142% | $12.5M | $205K | 200x | |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005870 | +0.347% | $309K | $80K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005849 | −0.012% | $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
KuCoin BRETTUSDTM
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 | 0.005855 | +0.091% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005852 | +0.038% | $43K | $104K | — | as long as short |
| BloFin BRETT-USDT | +0.0106% | 4h | 0.005860 | +0.176% | $57K | $190K | 50x | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.0616% | 1h | 0.005850 | long leg | $43K | $76K | 10x |
BingX BRETT-USDT
Variational Omni BRETT
BloFin BRETT-USDT