Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.274%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$592as in the Funding arb table

Net, price: spread back to 7d avg − costs−$609as in the Price arb table

costs, in and out, $10k−$5885.878% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.274%, 7d avg −0.066%

Together, before fees−0.031%−$3 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: Bybit is 0.208% cheaper against KuCoin than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BRETTUSDTM	0.005830	0.0100	pay 0.0050% / 4h	2h 15m	$308K	$88K	30x
Short	Bybit BRETTUSDT	0.005814	0.0100	get 0.0050% / 4h	2h 15m	$2.1M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.274%Rate

Funding earned: $0
Price spread: −0.274% → −0.066%: −$20.81
Slippage, 4 orders: −$564.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$608.61
Costs to cover: 5.878%
Break-even: never at this rate

Slippage from KuCoin: live order book, 21 min ago; Bybit: live order book, 2 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 KuCoin live order book, 21 min ago	13.72 bp	314.6 bp −$315	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.01 bp	36.5 bp −$37	146.7 bp −$1,467	doesn't fit	doesn't fit

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	0.005809	−0.360%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.154%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005822	−0.137%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005814	−0.274%	$2.1M	$1.9M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005836	+0.103%	$134K	$270K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005822	−0.137%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005823	−0.120%	$12.4M	$210K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005830	long leg	$308K	$88K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005817	−0.223%	$1.4M	$612K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005821	−0.154%	—	$1.4M	—	as long as short

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	−0.233%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0163%	1h	0.005833	+0.051%	$316K	$255K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1535%	1h	0.005817	−0.224%	$44K	$75K	10x	as long as short