Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1236%/8h= +135.3% APRpaid last 24h +0.240%

Price spread now: Kraken Futures against Binance+0.087%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 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 +$37 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against Binance than usual: you sell high and buy low: +$9 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 0.060% in total (about 3.1% 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	Binance BRETTUSDT	0.005855	0.0100	pay 0.0050% / 4h	44m 42s	$1.2M	$2.5M	50x
Short	Kraken Futures PF_BRETTUSD	0.005860	0.1336	get 0.0167% / 1h	44m 42s	$44K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.087%Rate

Funding earned: $259.55
Price spread: +0.087% → 0.000%: $8.72
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $248.27
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: Binance: 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 Binance live order book, 5 min ago	3.41 bp	33.4 bp −$33	177.5 bp −$1,775	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	0.005843	−0.196%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.265%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0096%	4h	0.005876	+0.367%	$57K	$167K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005860	+0.094%	$308K	$243K	3x	as long as short
Binance BRETTUSDTlong	+0.0100%	4h	0.005855	long leg	$1.2M	$2.5M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005852	−0.043%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005868	+0.231%	$132K	$259K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005855	+0.009%	$437K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005856	+0.026%	$12.5M	$207K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005870	+0.265%	$329K	$74K	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	0.005851	−0.060%	$1.4M	$638K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005855	+0.009%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005858	+0.064%	$59K	$108K	—	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1336%	1h	0.005860	+0.087%	$44K	$70K	10x