Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.030%

Price spread now: KuCoin against Hyperliquid−0.439%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$487as in the Funding arb table

Net, price: spread back to 7d avg − costs−$520as in the Price arb table

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

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.498%+$50 · spread now −0.439%, 7d avg −0.122%

Together, before fees+0.506%+ Points / potential airdropHyperliquid: Season 2 · farm board+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.316% cheaper against Hyperliquid than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.122%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005929	0.0259	pay 0.0032% / 1h	31m 35s	$320K	$253K	3x
Short	KuCoin BRETTUSDTM	0.005903	0.0100	get 0.0050% / 4h	3h 31m	$314K	$81K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.439%Rate

Funding earned: −$33.34
Price spread: −0.439% → −0.122%: −$31.63
Slippage, 4 orders: −$467.29
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$553.26
Costs to cover: 4.883%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 18 min ago; KuCoin: live order book, 20 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 Hyperliquid live order book, 18 min ago	0.85 bp	41.6 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	5.14 bp	164.2 bp −$164	853.4 bp −$8,534	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	0.005902	−0.455%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.518%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0070%	4h	0.005925	−0.067%	$57K	$187K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005931	+0.031%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005925	−0.067%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005940	+0.186%	$134K	$261K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005916	−0.219%	$440K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005920	−0.152%	$12.7M	$211K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005903	−0.439%	$314K	$81K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005910	−0.320%	$1.4M	$638K	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	0.005924	−0.084%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005910	−0.319%	$59K	$98K	—	as long as short
Hyperliquid BRETTlong	+0.0259%	1h	0.005929	long leg	$320K	$253K	3x
Kraken Futures PF_BRETTUSD	+0.1041%	1h	0.005909	−0.344%	$48K	$73K	10x	as long as short