Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1404%/8h= −153.7% APRpaid last 24h −0.307%

Price spread now: Variational Omni against Kraken Futures−0.401%7-day average −0.041% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.669%−$67 on $10k

Price spread, last 4 days (all we have)+0.683%+$68 · spread now −0.401%, 7d avg −0.041%

Together, before fees+0.013%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Variational Omni is 0.360% cheaper against Kraken Futures than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRETTUSD	0.005820	0.1504	pay 0.0188% / 1h	57m 48s	$39K	$105K	10x
Short	Variational Omni BRETT	0.005796	0.0100	get 0.0050% / 4h	3h 57m	$43K	$105K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.401%Rate

Funding earned: −$294.83
Price spread: −0.401% → −0.041%: −$35.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$340.79
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 11 min ago; Variational Omni: RFQ quote, 41 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 live order book, 11 min ago	42.98 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 41 min ago	9.43 bp	doesn't fit	119.2 bp −$1,192	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	0.005797	−0.387%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.334%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0070%	4h	0.005805	−0.250%	$57K	$205K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005822	+0.042%	$315K	$290K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005810	−0.168%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005803	−0.284%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005807	−0.215%	$421K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005806	−0.233%	$12.3M	$233K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005814	−0.095%	$280K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005803	−0.284%	$1.4M	$607K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETTshort	+0.0100%	4h	0.005796	−0.401%	$43K	$105K	—
OKX BRETT-USDT-SWAP	+0.0528%	4h	0.005812	−0.130%	$148K	$410K	10x	as long as short
BingX BRETT-USDT	+0.0528%	4h	0.005810	−0.164%	—	$1.4M	—	as long as short
Kraken Futures PF_BRETTUSDlong	+0.1504%	1h	0.005820	long leg	$39K	$105K	10x