Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1243%/8h= −136.1% APRpaid last 24h −0.240%

Price spread now: Variational Omni against Kraken Futures−0.010%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$37 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRETTUSD	0.005831	0.1343	pay 0.0168% / 1h	18m 45s	$44K	$70K	10x
Short	Variational Omni BRETT	0.005830	0.0100	get 0.0050% / 4h	18m 45s	$59K	$108K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.010%Rate

Funding earned: −$260.93
Price spread: −0.010% → 0.000%: −$1.05
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$271.98
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 60 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 Variational Omni RFQ quote, 60 min ago	7.78 bp	doesn't fit	144.3 bp −$1,443	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	0.005825	−0.100%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.140%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005846	+0.260%	$309K	$248K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005836	+0.095%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005829	−0.031%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005835	+0.072%	$131K	$259K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005831	+0.003%	$436K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005835	+0.072%	$12.5M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005842	+0.192%	$313K	$79K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005823	−0.134%	$1.4M	$641K	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	0.005834	+0.054%	—	$1.4M	—	as long as short
Variational Omni BRETTshort	+0.0100%	4h	0.005830	−0.010%	$59K	$108K	—
BloFin BRETT-USDT	+0.0127%	4h	0.005862	+0.535%	$58K	$178K	50x	as long as short
Kraken Futures PF_BRETTUSDlong	+0.1343%	1h	0.005831	long leg	$44K	$70K	10x