Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.203%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$635as in the Funding arb table

Net, price: spread back to 7d avg − costs−$625as in the Price arb table

costs, in and out, $10k−$6396.389% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.203%, 7d avg +0.067%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.136% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BRETTUSDT	0.005922	0.0100	pay 0.0050% / 4h	3h 15m	$2.2M	$2.0M	25x
Short	KuCoin BRETTUSDTM	0.005934	0.0100	get 0.0050% / 4h	3h 15m	$290K	$105K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.067%: $13.57
Slippage, 4 orders: −$615.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$625.3
Costs to cover: 6.389%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 56 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 Bybit live order book, 1 min ago	8.44 bp	31.1 bp −$31	140.2 bp −$1,402	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	13.63 bp	248.2 bp −$248	934.1 bp −$9,341	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	0.005918	−0.068%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.402%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005933	+0.186%	$1.2M	$2.7M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005922	long leg	$2.2M	$2.0M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005941	+0.321%	$150K	$302K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005916	−0.101%	$428K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005931	+0.152%	$12.6M	$209K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005934	+0.203%	$290K	$105K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005924	+0.034%	$1.4M	$584K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005926	+0.068%	—	$1.4M	—	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	0.005923	+0.016%	$44K	$105K	—	as long as short
BloFin BRETT-USDT	+0.0105%	4h	0.005928	+0.101%	$59K	$210K	50x	as long as short
Hyperliquid BRETT	+0.0190%	1h	0.005940	+0.304%	$323K	$269K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.0636%	1h	0.005933	+0.185%	$46K	$77K	10x	as long as short