Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1434%/8h= −157.0% APRpaid last 24h −0.233%

Price spread now: BingX against Kraken Futures−0.061%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and BingX is 0.061% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% 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	Kraken Futures PF_BRETTUSD	0.005823	0.1534	pay 0.0192% / 1h	15m 40s	$44K	$75K	10x
Short	BingX BRETT-USDT	0.005819	0.0100	get 0.0050% / 4h	2h 15m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$301.09
Price spread: −0.061% → 0.000%: −$6.12
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$327.21
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 11 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 11 min ago	1.71 bp	38.2 bp −$38	121.4 bp −$1,214	656.4 bp −$65.6K	910.0 bp −$455.0K

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 13 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	0.005811	−0.199%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.282%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005822	−0.010%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005815	−0.130%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005836	+0.231%	$134K	$270K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005824	+0.025%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005822	−0.010%	$12.4M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005832	+0.162%	$308K	$88K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005820	−0.044%	$1.4M	$612K	50x	as long as short
BingX BRETT-USDTshort	+0.0100%	4h	0.005819	−0.061%	—	$1.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005816	−0.105%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0156%	1h	0.005832	+0.162%	$316K	$255K	3x	as long as short
Kraken Futures PF_BRETTUSDlong	+0.1534%	1h	0.005823	long leg	$44K	$75K	10x