Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1700%/8h= +186.1% APRpaid last 24h +0.275%

Price spread now: Kraken Futures against Gate+0.055%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 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 +$51 a day on $10k at the current rate, and Kraken Futures is 0.055% dearer against Gate than usual: you sell high and buy low: +$5 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 0.116% in total (about 6.0% 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	Gate BRETT_USDT	0.005840	0.0100	pay 0.0050% / 4h	1h 30m	$434K	$109K	25x
Short	Kraken Futures PF_BRETTUSD	0.005843	0.1800	get 0.0225% / 1h	30m 53s	$43K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.055%Rate

Funding earned: $356.99
Price spread: +0.055% → 0.000%: $5.47
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $337.46
Costs to cover: 0.250%
Break-even: 0.4 days

Slippage unknown: Gate: live order book, 30 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 Gate live order book, 30 min ago	11.11 bp	207.4 bp −$207	doesn't fit	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	0.005837	−0.051%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.017%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005865	+0.428%	$319K	$256K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005856	+0.274%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005845	+0.086%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005860	+0.342%	$134K	$274K	10x	as long as short
Gate BRETT_USDTlong	+0.0100%	4h	0.005840	long leg	$434K	$109K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005858	+0.308%	$12.5M	$206K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005848	+0.137%	$309K	$86K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005845	+0.086%	$1.4M	$596K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005848	+0.137%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005842	+0.039%	$43K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0154%	4h	0.005858	+0.308%	$58K	$183K	50x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1800%	1h	0.005843	+0.055%	$43K	$76K	10x