Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0539%/8h= +59.0% APRpaid last 24h +0.265%

Price spread now: Kraken Futures against OKX−0.210%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.210% cheaper against OKX than usual: you would sell low and buy high (spread −0.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 31 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.106% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% 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	OKX BRETT-USDT-SWAP	0.005924	0.0100	pay 0.0050% / 4h	3h 05m	$150K	$301K	10x
Short	Kraken Futures PF_BRETTUSD	0.005912	0.0639	get 0.0080% / 1h	5m 49s	$45K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.210%Rate

Funding earned: $113.13
Price spread: −0.210% → 0.000%: −$21
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $72.13
Costs to cover: 0.200%
Break-even: 2.5 days

Slippage unknown: OKX: live order book, 44 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 OKX live order book, 44 min ago	10.01 bp	98.8 bp −$99	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	0.005901	−0.388%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.435%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0050%	4h	0.005913	−0.186%	$58K	$209K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005912	−0.203%	$1.2M	$2.7M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005903	−0.354%	$2.1M	$2.0M	25x	as long as short
OKX BRETT-USDT-SWAPlong	+0.0100%	4h	0.005924	long leg	$150K	$301K	10x
Gate BRETT_USDT	+0.0100%	4h	0.005899	−0.422%	$426K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005914	−0.169%	$12.6M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005915	−0.152%	$289K	$105K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005905	−0.321%	$1.4M	$584K	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	0.005911	−0.219%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005904	−0.338%	$44K	$105K	—	as long as short
Hyperliquid BRETT	+0.0332%	1h	0.005921	−0.051%	$322K	$269K	3x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.0639%	1h	0.005912	−0.210%	$45K	$77K	10x