Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1188%/8h= +130.1% APRpaid last 24h +0.253%

Price spread now: Kraken Futures against OKX−0.079%45s7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1671.665% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−1.350%−$135 · spread now −0.079%, 7d avg −0.139%

Together, before fees−1.227%−$123 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Kraken Futures is 0.061% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.139%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% 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	OKX BRETT-USDT-SWAP	0.005827	0.0315	pay 0.0158% / 4h	3h 02m	$147K	$420K	10x
Short	Kraken Futures PF_BRETTUSD	0.005822	0.1503	get 0.0188% / 1h	2m 34s	$39K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.079%Rate

Funding earned: $249.45
Price spread: −0.079% → −0.139%: $6.07
Slippage, 4 orders: −$146.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $89.02
Costs to cover: 1.665%
Break-even: 4.5 days

Slippage from OKX: live order book, 28 min ago; Kraken Futures: 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 OKX live order book, 28 min ago	10.47 bp	48.6 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	29.20 bp	35.5 bp −$36	doesn't fit	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	0.005819	−0.137%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.206%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0041%	4h	0.005825	−0.034%	$56K	$206K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005836	+0.154%	$316K	$294K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005834	+0.117%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005822	−0.086%	$2.1M	$2.2M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005825	−0.034%	$423K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005832	+0.086%	$12.3M	$238K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005825	−0.034%	$282K	$112K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005821	−0.103%	$1.4M	$560K	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 BRETT	+0.0100%	4h	0.005825	−0.034%	$43K	$102K	—	as long as short
OKX BRETT-USDT-SWAPlong	+0.0315%	4h	0.005827	long leg	$147K	$420K	10x
BingX BRETT-USDT	+0.0360%	4h	0.005820	−0.120%	—	$1.4M	—	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1503%	1h	0.005822	−0.079%	$39K	$105K	10x