Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: BingX against KuCoin−0.137%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$619as in the Funding arb table

Net, price: spread back to 7d avg − costs−$631as in the Price arb table

costs, in and out, $10k−$6186.177% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.137%, 7d avg −0.002%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.135% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BRETTUSDTM	0.005825	0.0100	pay 0.0050% / 4h	1h 37m	$307K	$86K	30x
Short	BingX BRETT-USDT	0.005817	0.0100	get 0.0050% / 4h	1h 37m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.002%: −$13.52
Slippage, 4 orders: −$595.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$631.24
Costs to cover: 6.177%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; BingX: live order book, 9 min ago.

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 KuCoin live order book, 59 min ago	13.72 bp	314.6 bp −$315	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.86 bp	67.0 bp −$67	129.3 bp −$1,293	583.0 bp −$58.3K	832.3 bp −$416.1K

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	0.005801	−0.412%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.240%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005823	−0.034%	$316K	$255K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005813	−0.214%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005804	−0.361%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005824	−0.017%	$133K	$272K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005814	−0.189%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005810	−0.258%	$12.4M	$205K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005825	long leg	$307K	$86K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005800	−0.429%	$1.4M	$596K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDTshort	+0.0100%	4h	0.005817	−0.137%	—	$1.4M	—
Variational Omni BRETT	+0.0100%	4h	0.005829	+0.066%	$43K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0151%	4h	0.005825	0.000%	$58K	$181K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.1810%	1h	0.005809	−0.272%	$43K	$76K	10x	as long as short