Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1209%/8h= +132.3% APRpaid last 24h +0.309%

Price spread now: Kraken Futures against MEXC−0.041%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1191.194% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.041% cheaper against MEXC than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.154% in total) that is about 45 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% 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	MEXC BRETT_USDT	0.005773	0.0100	pay 0.0050% / 4h	55m 45s	$12.2M	$232K	200x
Short	Kraken Futures PF_BRETTUSD	0.005771	0.1309	get 0.0164% / 1h	55m 45s	$38K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.041%Rate

Funding earned: $253.81
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: −$109.37
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $130.34
Costs to cover: 1.194%
Break-even: 3.4 days

Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 18 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 MEXC live order book, 3 min ago	1.72 bp	13.8 bp −$14	134.5 bp −$1,345	286.0 bp −$28.6K	308.1 bp −$154.1K
Sell Kraken Futures live order book, 18 min ago	33.54 bp	45.0 bp −$45	doesn't fit	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	0.005761	−0.208%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+1.143%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005775	+0.030%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005766	−0.121%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005771	−0.035%	$418K	$111K	25x	as long as short
MEXC BRETT_USDTlong	+0.0100%	4h	0.005773	long leg	$12.2M	$232K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005791	+0.312%	$279K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005763	−0.173%	$1.3M	$610K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005765	−0.140%	$43K	$105K	—	as long as short
BloFin BRETT-USDT	+0.0103%	4h	0.005797	+0.416%	$57K	$210K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETT	+0.0160%	1h	0.005779	+0.104%	$313K	$291K	3x	as long as short
BingX BRETT-USDT	+0.0572%	4h	0.005770	−0.052%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0587%	4h	0.005778	+0.087%	$145K	$393K	10x	as long as short
Kraken Futures PF_BRETTUSDshort	+0.1309%	1h	0.005771	−0.041%	$38K	$109K	10x