BRETT

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1169%/8h= +128.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.265%

Price spread now: Kraken Futures against Hyperliquid−0.083%50s7-day average −0.145% · you buy dearer than you sell

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

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)−0.477%−$48 · spread now −0.083%, 7d avg −0.145%

Together, before fees−0.308%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Kraken Futures is 0.062% dearer against Hyperliquid than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.145%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.170% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005699	0.0100	pay 0.0013% / 1h	8m 24s	$302K	$298K	3x
Short	Kraken Futures PF_BRETTUSD	0.005694	0.1269	get 0.0159% / 1h	8m 24s	$38K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.083%Rate

Funding earned: $245.55
Price spread: −0.083% → −0.145%: $6.2
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $232.76
Costs to cover: 0.190%
Break-even: 0.4 days

Slippage unknown: Hyperliquid: live order book, 24 min ago; Kraken Futures: live order book, 37 min ago. 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 Hyperliquid live order book, 24 min ago	0.88 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 37 min ago	42.69 bp	344.5 bp −$345	doesn't fit	doesn't fit	doesn't fit

BRETT on 14 exchanges

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	0.005680	−0.333%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+2.457%	$61	$854	5.5x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005699	long leg	$302K	$298K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005702	+0.054%	$1.2M	$2.8M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005694	−0.088%	$2.1M	$2.1M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005703	+0.070%	$140K	$414K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005693	−0.105%	$412K	$93K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005701	+0.035%	$12.0M	$219K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005699	0.000%	$278K	$107K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005693	−0.105%	$1.3M	$477K	50x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005697	−0.035%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005683	−0.279%	$42K	$95K	—	as long as short
BloFin BRETT-USDT	+0.0112%	4h	0.005701	+0.035%	$55K	$198K	50x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1269%	1h	0.005694	−0.083%	$38K	$105K	10x