Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.293%

Price spread now: Kraken Futures against KuCoin+0.130%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.130% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% 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	KuCoin BRETTUSDTM	0.005966	0.0100	pay 0.0050% / 4h	3h 48m	$293K	$104K	30x
Short	Kraken Futures PF_BRETTUSD	0.005974	0.0632	get 0.0079% / 1h	48m 53s	$46K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.130%Rate

Funding earned: $111.73
Price spread: +0.130% → 0.000%: $12.99
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $102.72
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: KuCoin: live order book, 23 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 23 min ago	13.63 bp	332.8 bp −$333	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	0.005960	−0.101%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−2.129%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005983	+0.285%	$325K	$260K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005977	+0.178%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005964	−0.034%	$2.2M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005983	+0.285%	$140K	$284K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005968	+0.034%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005974	+0.134%	$12.7M	$205K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005966	long leg	$293K	$104K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005964	−0.034%	$1.4M	$576K	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-USDT	+0.0100%	4h	0.005967	+0.017%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005980	+0.242%	$44K	$105K	—	as long as short
BloFin BRETT-USDT	+0.0105%	4h	0.005975	+0.151%	$58K	$206K	50x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.0632%	1h	0.005974	+0.130%	$46K	$76K	10x