Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1427%/8h= +156.2% APRpaid last 24h +0.253%

Price spread now: Kraken Futures against KuCoin+0.139%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Kraken Futures is 0.139% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% 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	KuCoin BRETTUSDTM	0.005841	0.0100	pay 0.0050% / 4h	2h 57m	$313K	$88K	30x
Short	Kraken Futures PF_BRETTUSD	0.005849	0.1527	get 0.0191% / 1h	57m 12s	$44K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.139%Rate

Funding earned: $299.63
Price spread: +0.139% → 0.000%: $13.91
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $291.54
Costs to cover: 0.220%
Break-even: 0.2 days

Slippage unknown: KuCoin: live order book, 54 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 54 min ago	5.14 bp	251.9 bp −$252	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	0.005832	−0.154%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.034%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005839	−0.034%	$317K	$255K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005841	0.000%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005824	−0.291%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005836	−0.086%	$134K	$270K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005826	−0.257%	$432K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005843	+0.034%	$12.5M	$207K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005841	long leg	$313K	$88K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005823	−0.308%	$1.4M	$641K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005829	−0.205%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005863	+0.376%	$43K	$114K	—	as long as short
BloFin BRETT-USDT	+0.0101%	4h	0.005856	+0.257%	$59K	$182K	50x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1527%	1h	0.005849	+0.139%	$44K	$76K	10x