Funding you earn now, next payment 04:00 UTC−0.0517%/8h= −56.6% APRpaid last 24h −0.298%
Price spread now: Bitget against Kraken Futures−0.048%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.135%−$14 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 −$15 a day on $10k at the current rate, and Bitget is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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 -0.135% in total (about -7.0% 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 | Kraken Futures PF_BRETTUSD | 0.005847 | 0.0617 | pay 0.0077% / 1h | 16m 13s | $43K | $76K | 10x |
| Short | Bitget BRETTUSDT | 0.005844 | 0.0100 | get 0.0050% / 4h | 16m 13s | $1.4M | $567K | 50x |
Kraken Futures PF_BRETTUSD
Bitget BRETTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$108.49
- Price spread: −0.048% → 0.000%
- −$4.77
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$135.26
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 6.00 bp | 74.2 bp −$74 | 225.8 bp −$2,258 | doesn't fit | doesn't fit |
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 | 0.005845 | −0.031% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −0.133% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDT | +0.0060% | 4h | 0.005851 | +0.072% | $57K | $190K | 50x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005860 | +0.226% | $316K | $261K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005857 | +0.172% | $1.2M | $2.6M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005850 | +0.055% | $2.1M | $1.9M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005860 | +0.226% | $134K | $269K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005840 | −0.116% | $424K | $119K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005856 | +0.157% | $12.5M | $206K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005862 | +0.260% | $309K | $80K | 30x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
BloFin BRETT-USDT
Hyperliquid BRETT
Binance BRETTUSDT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BRETTUSDTshort | +0.0100% | 4h | 0.005844 | −0.048% | $1.4M | $567K | 50x | |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005851 | +0.072% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005838 | −0.143% | $43K | $104K | — | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.0617% | 1h | 0.005847 | long leg | $43K | $76K | 10x |
BingX BRETT-USDT
Variational Omni BRETT