Funding you earn now, next payment 01:00 UTC+0.0943%/8h= +103.2% APRpaid last 24h +0.253%
Price spread now: Kraken Futures against Bitget−0.097%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+0.075%+$8 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 0.097% cheaper against Bitget than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.075% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% 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 | Bitget BRETTUSDT | 0.005903 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $1.4M | $640K | 50x |
| Short | Kraken Futures PF_BRETTUSD | 0.005897 | 0.1043 | get 0.0130% / 1h | 30m 39s | $48K | $73K | 10x |
Bitget BRETTUSDT
Kraken Futures PF_BRETTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $197.94
- Price spread: −0.097% → 0.000%
- −$9.74
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $166.2
- Costs to cover
- 0.220%
- Break-even
- 1.1 days
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 9.33 bp | 46.9 bp −$47 | 264.1 bp −$2,641 | 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 | 0.005903 | 0.000% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −1.084% | $61 | $854 | 5.5x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005911 | +0.144% | $1.2M | $2.5M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005916 | +0.220% | $2.1M | $1.8M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005912 | +0.152% | $134K | $260K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005910 | +0.119% | $439K | $109K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005913 | +0.169% | $12.6M | $212K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005905 | +0.034% | $314K | $81K | 30x | as long as short |
| Bitget BRETTUSDTlong | +0.0100% | 4h | 0.005903 | long leg | $1.4M | $640K | 50x | |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005916 | +0.220% | — | $1.4M | — | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
Binance BRETTUSDT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTM
BingX BRETT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BRETT | +0.0100% | 4h | 0.005913 | +0.162% | $56K | $102K | — | as long as short |
| BloFin BRETT-USDT | +0.0153% | 4h | 0.005926 | +0.390% | $58K | $187K | 50x | as long as short |
| Hyperliquid BRETT | +0.0256% | 1h | 0.005915 | +0.203% | $319K | $253K | 3x | as long as short |
| Kraken Futures PF_BRETTUSDshort | +0.1043% | 1h | 0.005897 | −0.097% | $48K | $73K | 10x |
Variational Omni BRETT
BloFin BRETT-USDT
Hyperliquid BRETT