Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.024%

Price spread now: KuCoin against Hyperliquid−0.017%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$492as in the Funding arb table

Net, price: spread back to 7d avg − costs−$483as in the Price arb table

costs, in and out, $10k−$4944.935% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.017%, 7d avg −0.119%

Together, before fees−0.018%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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 0.102% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005788	0.0100	pay 0.0013% / 1h	58m 30s	$308K	$233K	3x
Short	KuCoin BRETTUSDTM	0.005787	0.0100	get 0.0050% / 4h	1h 58m	$323K	$72K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.119%: $10.18
Slippage, 4 orders: −$472.52
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$483.34
Costs to cover: 4.935%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; KuCoin: live order book, 13 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 Hyperliquid live order book, 11 min ago	1.72 bp	37.2 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 13 min ago	6.01 bp	247.3 bp −$247	875.6 bp −$8,756	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	0.005774	−0.242%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.881%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0075%	4h	0.005775	−0.225%	$58K	$170K	50x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005788	long leg	$308K	$233K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005784	−0.066%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005775	−0.225%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005786	−0.035%	$132K	$254K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005772	−0.276%	$431K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005780	−0.138%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005787	−0.017%	$323K	$72K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005770	−0.311%	$1.4M	$626K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005780	−0.138%	—	$1.3M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005785	−0.056%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1402%	1h	0.005787	−0.022%	$44K	$70K	10x	as long as short