Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GMX against Binance−0.250%7-day average — · you buy dearer than you sell

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

Long on Binance Short on GMX

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.250% cheaper against Binance than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BRETTUSDT	0.005949	0.0100	pay 0.0050% / 4h	3h 14m	$1.3M	$2.5M	50x
Short	GMX BRETT/USD [ETH-USDC]	0.005934	L 0.0000% / S 0.0000%	get 0.0000% / 1h	14m 19s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$21
Price spread: −0.250% → 0.000%: −$25
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$68
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; GMX: no order-book sample. 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 Binance live order book, 6 min ago	5.05 bp	37.3 bp −$37	274.1 bp −$2,741	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L 0.0000% / S 0.0000%	1h	0.005934	−0.250%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.847%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0092%	4h	0.005952	+0.053%	$59K	$188K	50x	as long as short
Binance BRETTUSDTlong	+0.0100%	4h	0.005949	long leg	$1.3M	$2.5M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005944	−0.082%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005959	+0.170%	$135K	$264K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005934	−0.250%	$440K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005951	+0.036%	$12.7M	$213K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005930	−0.317%	$318K	$85K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005935	−0.233%	$1.4M	$639K	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	0.005947	−0.031%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005928	−0.358%	$43K	$114K	—	as long as short
Hyperliquid BRETT	+0.0380%	1h	0.005956	+0.120%	$323K	$253K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1034%	1h	0.005948	−0.020%	$48K	$73K	10x	as long as short