Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0539%/8h= +59.0% APRpaid last 24h +0.293%

Price spread now: Kraken Futures against Bitget+0.128%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 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 0.128% dearer against Bitget 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 0.137% in total (about 7.2% 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	Bitget BRETTUSDT	0.005900	0.0100	pay 0.0050% / 4h	3h 22m	$1.4M	$582K	50x
Short	Kraken Futures PF_BRETTUSD	0.005908	0.0639	get 0.0080% / 1h	22m 04s	$45K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.128%Rate

Funding earned: $113.22
Price spread: +0.128% → 0.000%: $12.82
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $104.05
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	8.44 bp	61.5 bp −$62	286.9 bp −$2,869	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	0.005894	−0.102%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.034%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005917	+0.288%	$321K	$269K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005905	+0.089%	$1.2M	$2.7M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005898	−0.034%	$2.1M	$2.0M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005920	+0.339%	$150K	$298K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005896	−0.068%	$426K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005905	+0.085%	$12.6M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005917	+0.288%	$290K	$104K	30x	as long as short
Bitget BRETTUSDTlong	+0.0100%	4h	0.005900	long leg	$1.4M	$582K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005901	+0.017%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005929	+0.490%	$44K	$105K	—	as long as short
BloFin BRETT-USDT	+0.0124%	4h	0.005915	+0.254%	$58K	$209K	50x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.0639%	1h	0.005908	+0.128%	$45K	$77K	10x