Funding you earn now, next payment 05:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h −0.293%
Price spread now: Binance against Kraken Futures−0.167%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Binance is 0.167% cheaper against Kraken Futures than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.2% 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 | Kraken Futures PF_BRETTUSD | 0.005940 | 0.0636 | pay 0.0079% / 1h | 19m 25s | $46K | $77K | 10x |
| Short | Binance BRETTUSDT | 0.005930 | 0.0100 | get 0.0050% / 4h | 3h 19m | $1.2M | $2.7M | 50x |
Kraken Futures PF_BRETTUSD
Binance BRETTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$112.49
- Price spread: −0.167% → 0.000%
- −$16.71
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$149.2
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 16 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 16 min ago | 5.01 bp | 39.7 bp −$40 | 149.6 bp −$1,496 | doesn't fit | doesn't fit |
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 | 0.005917 | −0.386% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −1.699% | $61 | $854 | 5.5x | as long as short |
| BloFin BRETT-USDT | +0.0047% | 4h | 0.005930 | −0.167% | $59K | $210K | 50x | as long as short |
| Binance BRETTUSDTshort | +0.0100% | 4h | 0.005930 | −0.167% | $1.2M | $2.7M | 50x | |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005925 | −0.251% | $2.2M | $2.0M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005944 | +0.069% | $150K | $301K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005918 | −0.369% | $428K | $109K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005934 | −0.100% | $12.7M | $209K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005939 | −0.016% | $291K | $105K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005923 | −0.285% | $1.4M | $584K | 50x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
BloFin BRETT-USDT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTM
Bitget BRETTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BRETT-USDT | +0.0100% | 4h | 0.005927 | −0.218% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005919 | −0.353% | $44K | $105K | — | as long as short |
| Hyperliquid BRETT | +0.0142% | 1h | 0.005940 | +0.001% | $323K | $269K | 3x | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.0636% | 1h | 0.005940 | long leg | $46K | $77K | 10x |
BingX BRETT-USDT
Variational Omni BRETT
Hyperliquid BRETT