Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.298%

Price spread now: Kraken Futures against MEXC−0.142%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Kraken Futures is 0.142% cheaper against MEXC than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 22 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.135% in total) that is about 7.3 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	MEXC BRETT_USDT	0.005858	0.0100	pay 0.0050% / 4h	23m 07s	$12.5M	$205K	200x
Short	Kraken Futures PF_BRETTUSD	0.005850	0.0616	get 0.0077% / 1h	23m 07s	$43K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.142%Rate

Funding earned: $108.42
Price spread: −0.142% → 0.000%: −$14.19
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $84.23
Costs to cover: 0.100%
Break-even: 1.6 days

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	4.26 bp	22.8 bp −$23	169.2 bp −$1,692	293.8 bp −$29.4K	313.2 bp −$156.6K
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	0.005846	−0.205%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.324%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005860	+0.034%	$316K	$261K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005858	−0.005%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005854	−0.068%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005860	+0.034%	$134K	$269K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005853	−0.085%	$425K	$119K	25x	as long as short
MEXC BRETT_USDTlong	+0.0100%	4h	0.005858	long leg	$12.5M	$205K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005870	+0.205%	$309K	$80K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005849	−0.154%	$1.4M	$567K	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	0.005855	−0.051%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005852	−0.104%	$43K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0106%	4h	0.005860	+0.034%	$57K	$190K	50x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.0616%	1h	0.005850	−0.142%	$43K	$76K	10x