Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Hyperliquid against KuCoin+0.310%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$489as in the Funding arb table

Net, price: spread back to 7d avg − costs−$470as in the Price arb table

costs, in and out, $10k−$4884.883% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.385%−$39 · spread now +0.310%, 7d avg +0.125%

Together, before fees−0.391%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 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: Hyperliquid is 0.184% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BRETTUSDTM	0.005812	0.0100	pay 0.0050% / 4h	2h 42m	$312K	$88K	30x
Short	Hyperliquid BRETT	0.005830	0.0100	get 0.0013% / 1h	42m 09s	$316K	$256K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.310%Rate

Funding earned: $0
Price spread: +0.310% → +0.125%: $18.43
Slippage, 4 orders: −$467.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$469.86
Costs to cover: 4.883%
Break-even: never at this rate

Slippage from KuCoin: live order book, 69 min ago; Hyperliquid: live order book, 68 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, 69 min ago	5.14 bp	251.9 bp −$252	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 68 min ago	0.85 bp	30.6 bp −$31	doesn't fit	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	0.005802	−0.172%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.465%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0077%	4h	0.005854	+0.723%	$58K	$189K	50x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005830	+0.310%	$316K	$256K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005818	+0.110%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005811	−0.017%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005821	+0.155%	$133K	$274K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005822	+0.172%	$431K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005818	+0.103%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005812	long leg	$312K	$88K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005813	+0.017%	$1.4M	$633K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005822	+0.172%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005817	+0.088%	$43K	$114K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1536%	1h	0.005815	+0.058%	$44K	$76K	10x	as long as short