Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1299%/8h= +142.2% APRpaid last 24h +0.224%

Price spread now: Kraken Futures against Variational Omni−0.631%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.631% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.631% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 39 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BRETT	0.005836	0.0100	pay 0.0050% / 4h	1h 35m	$53K	$102K	—
Short	Kraken Futures PF_BRETTUSD	0.005800	0.1399	get 0.0175% / 1h	35m 55s	$44K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.631%Rate

Funding earned: $272.79
Price spread: −0.631% → 0.000%: −$63.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $199.7
Costs to cover: 0.100%
Break-even: 1.9 days

Slippage unknown: Variational Omni: RFQ quote, 48 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 Variational Omni RFQ quote, 48 min ago	9.43 bp	doesn't fit	156.9 bp −$1,569	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	0.005791	−0.777%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.046%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0085%	4h	0.005826	−0.177%	$57K	$164K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005801	−0.605%	$310K	$238K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005796	−0.699%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005790	−0.794%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005801	−0.605%	$131K	$256K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005794	−0.725%	$433K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005799	−0.640%	$12.4M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005803	−0.571%	$326K	$73K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005791	−0.777%	$1.4M	$624K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005791	−0.777%	—	$1.4M	—	as long as short
Variational Omni BRETTlong	+0.0100%	4h	0.005836	long leg	$53K	$102K	—
Kraken Futures PF_BRETTUSDshort	+0.1399%	1h	0.005800	−0.631%	$44K	$70K	10x