Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.033%

Price spread now: Hyperliquid against Binance+0.257%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1521.522% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.257%, 7d avg +0.075%

Together, before fees−0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.182% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BRETTUSDT	0.005838	0.0100	pay 0.0050% / 4h	2h 10m	$1.2M	$2.6M	50x
Short	Hyperliquid BRETT	0.005853	0.0203	get 0.0025% / 1h	10m 48s	$318K	$256K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.257%Rate

Funding earned: $21.62
Price spread: +0.257% → +0.075%: $18.22
Slippage, 4 orders: −$133.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$112.35
Costs to cover: 1.522%
Break-even: 43.4 days

Slippage from Binance: live order book, 9 min ago; Hyperliquid: live order book, 29 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 Binance live order book, 9 min ago	2.57 bp	35.9 bp −$36	263.9 bp −$2,639	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 29 min ago	0.86 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit

BRETT on 13 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	0.005824	−0.240%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.017%	$61	$854	5.5x	as long as short
Binance BRETTUSDTlong	+0.0100%	4h	0.005838	long leg	$1.2M	$2.6M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005833	−0.086%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005847	+0.154%	$134K	$270K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005823	−0.257%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005840	+0.034%	$12.5M	$211K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005816	−0.377%	$307K	$88K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005819	−0.325%	$1.4M	$611K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005828	−0.171%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005834	−0.060%	$43K	$105K	—	as long as short
Hyperliquid BRETTshort	+0.0203%	1h	0.005853	+0.257%	$318K	$256K	3x
Kraken Futures PF_BRETTUSD	+0.1529%	1h	0.005841	+0.052%	$44K	$75K	10x	as long as short