Funding you earn now, next payment 00:00 UTC+0.1231%/8h= +134.8% APRpaid last 24h +0.240%
Price spread now: Kraken Futures against Bybit−0.039%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. Kraken Futures is 0.039% cheaper against Bybit than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.060% in total) that is about 4.5 days.
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 | Bybit BRETTUSDT | 0.005884 | 0.0100 | pay 0.0050% / 4h | 40m 38s | $2.1M | $1.8M | 25x |
| Short | Kraken Futures PF_BRETTUSD | 0.005882 | 0.1331 | get 0.0166% / 1h | 40m 38s | $44K | $70K | 10x |
Bybit BRETTUSDT
Kraken Futures PF_BRETTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $258.49
- Price spread: −0.039% → 0.000%
- −$3.85
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $233.64
- Costs to cover
- 0.210%
- Break-even
- 0.7 days
Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 5.95 bp | 42.9 bp −$43 | 148.1 bp −$1,481 | 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 | 0.005875 | −0.153% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −0.765% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDT | +0.0078% | 4h | 0.005858 | −0.442% | $57K | $164K | 50x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005896 | +0.204% | $310K | $246K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005889 | +0.085% | $1.2M | $2.5M | 50x | as long as short |
| Bybit BRETTUSDTlong | +0.0100% | 4h | 0.005884 | long leg | $2.1M | $1.8M | 25x | |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005878 | −0.102% | $133K | $260K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005875 | −0.153% | $439K | $108K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005891 | +0.119% | $12.6M | $208K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005871 | −0.221% | $329K | $79K | 30x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
BloFin BRETT-USDT
Hyperliquid BRETT
Binance BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005878 | −0.102% | $1.4M | $641K | 50x | as long as short |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005879 | −0.085% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005858 | −0.437% | $59K | $108K | — | as long as short |
| Kraken Futures PF_BRETTUSDshort | +0.1331% | 1h | 0.005882 | −0.039% | $44K | $70K | 10x |
Bitget BRETTUSDT
BingX BRETT-USDT
Variational Omni BRETT