Funding you earn now, next payment 03:00 UTC−0.1714%/8h= −187.7% APRpaid last 24h −0.275%
Price spread now: Bybit against Kraken Futures−0.113%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.116%−$12 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 −$51 a day on $10k at the current rate, and Bybit is 0.113% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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 -0.116% in total (about -6.0% 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 | 0.005797 | 0.1814 | pay 0.0227% / 1h | 5m 22s | $43K | $76K | 10x |
| Short | Bybit BRETTUSDT | 0.005790 | 0.0100 | get 0.0050% / 4h | 1h 05m | $2.1M | $1.9M | 25x |
Kraken Futures PF_BRETTUSD
Bybit BRETTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$360.03
- Price spread: −0.113% → 0.000%
- −$11.35
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$392.38
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 5.18 bp | 31.5 bp −$32 | 148.5 bp −$1,485 | 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 | 0.005792 | −0.079% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | +0.732% | $61 | $854 | 5.5x | as long as short |
| Hyperliquid BRETT | +0.0100% | 1h | 0.005816 | +0.335% | $316K | $256K | 3x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005803 | +0.111% | $1.2M | $2.6M | 50x | as long as short |
| Bybit BRETTUSDTshort | +0.0100% | 4h | 0.005790 | −0.113% | $2.1M | $1.9M | 25x | |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005812 | +0.266% | $133K | $270K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005802 | +0.094% | $430K | $110K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005805 | +0.145% | $12.4M | $207K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005806 | +0.163% | $307K | $80K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005792 | −0.079% | $1.4M | $581K | 50x | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
Hyperliquid BRETT
Binance 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 | 0.005807 | +0.180% | — | $1.4M | — | as long as short |
| Variational Omni BRETT | +0.0100% | 4h | 0.005792 | −0.073% | $42K | $104K | — | as long as short |
| BloFin BRETT-USDT | +0.0147% | 4h | 0.005826 | +0.508% | $58K | $183K | 50x | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.1814% | 1h | 0.005797 | long leg | $43K | $76K | 10x |
BingX BRETT-USDT
Variational Omni BRETT
BloFin BRETT-USDT