Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.293%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$501as in the Funding arb table

Net, price: spread back to 7d avg − costs−$519as in the Price arb table

costs, in and out, $10k−$4974.972% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.293%, 7d avg −0.070%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.223% cheaper against KuCoin than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BRETTUSDTM	0.005806	0.0100	pay 0.0050% / 4h	1h 49m	$327K	$74K	30x
Short	Bybit BRETTUSDT	0.005789	0.0100	get 0.0050% / 4h	1h 49m	$2.1M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.293%Rate

Funding earned: $0
Price spread: −0.293% → −0.070%: −$22.27
Slippage, 4 orders: −$474.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$519.45
Costs to cover: 4.972%
Break-even: never at this rate

Slippage from KuCoin: live order book, 22 min ago; Bybit: live order book, 2 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 KuCoin live order book, 22 min ago	6.01 bp	176.0 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.32 bp	40.5 bp −$41	139.8 bp −$1,398	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	0.005782	−0.413%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.568%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0075%	4h	0.005791	−0.258%	$58K	$166K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005796	−0.172%	$310K	$237K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005792	−0.241%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005789	−0.293%	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005803	−0.052%	$132K	$253K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005792	−0.241%	$432K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005792	−0.241%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005806	long leg	$327K	$74K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005784	−0.379%	$1.4M	$624K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005793	−0.224%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005790	−0.284%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1401%	1h	0.005791	−0.250%	$44K	$70K	10x	as long as short