Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.017%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$608as in the Funding arb table

Net, price: spread back to 7d avg − costs−$596as in the Price arb table

costs, in and out, $10k−$6046.043% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.017%, 7d avg −0.068%

Together, before fees−0.184%−$18 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: Bybit is 0.085% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BRETTUSDTM	0.005835	0.0100	pay 0.0050% / 4h	2h 25m	$326K	$72K	30x
Short	Bybit BRETTUSDT	0.005836	0.0100	get 0.0050% / 4h	2h 25m	$2.1M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.068%: $8.49
Slippage, 4 orders: −$581.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$595.77
Costs to cover: 6.043%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; Bybit: live order book, 1 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, 55 min ago	13.69 bp	324.7 bp −$325	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.99 bp	48.2 bp −$48	155.7 bp −$1,557	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	0.005839	+0.069%	—	—	100x	as long as short
BloFin BRETT-USDT	+0.0079%	4h	0.005830	−0.086%	$59K	$171K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005840	+0.086%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005836	+0.017%	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005856	+0.360%	$134K	$257K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005829	−0.103%	$436K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005849	+0.240%	$12.5M	$210K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005835	long leg	$326K	$72K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005832	−0.051%	$1.4M	$623K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005838	+0.051%	—	$1.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005824	−0.193%	$53K	$102K	—	as long as short
Hyperliquid BRETT	+0.0623%	1h	0.005849	+0.240%	$340K	$210K	3x	as long as short
Injective BRETT/USDC PERP	+0.0825%	1h	0.005839	+0.069%	$61	$854	5.5x	as long as short
Kraken Futures PF_BRETTUSD	+0.1053%	1h	0.005847	+0.200%	$44K	$70K	10x	as long as short