Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0725%/8h= +79.4% APRpaid last 24h −0.005%

Price spread now: Injective against Binance−0.271%57s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 0.271% cheaper against Binance than usual: you would sell low and buy high (spread −0.271% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 30 hours of funding at the current rate (+$22 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BRETTUSDT	0.005855	0.0100	pay 0.0050% / 4h	2h 44m	$1.2M	$2.4M	50x
Short	Injective BRETT/USDC PERP	0.005839	0.0825	get 0.0103% / 1h	44m 26s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.271%Rate

Funding earned: $152.26
Price spread: −0.271% → 0.000%: −$27.11
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $115.14
Costs to cover: 0.100%
Break-even: 1.7 days

Slippage unknown: Binance: live order book, 6 min ago; Injective: 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	3.42 bp	28.6 bp −$29	185.8 bp −$1,858	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.005844	−0.186%	—	—	100x	as long as short
Binance BRETTUSDTlong	+0.0100%	4h	0.005855	long leg	$1.2M	$2.4M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005849	−0.100%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005860	+0.088%	$134K	$258K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005849	−0.100%	$437K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005853	−0.032%	$12.5M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005847	−0.134%	$327K	$73K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005844	−0.186%	$1.4M	$623K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005855	+0.002%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005847	−0.134%	$53K	$102K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDT	+0.0109%	4h	0.005852	−0.049%	$59K	$171K	50x	as long as short
Hyperliquid BRETT	+0.0688%	1h	0.005863	+0.139%	$340K	$210K	3x	as long as short
Injective BRETT/USDC PERPshort	+0.0825%	1h	0.005839	−0.271%	$61	$854	5.5x
Kraken Futures PF_BRETTUSD	+0.1051%	1h	0.005858	+0.058%	$44K	$70K	10x	as long as short