Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.057%

Price spread now: GMX against BingX−0.051%7-day average — · you buy dearer than you sell

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

Long on BingX 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 −$13 a day on $10k at the current rate, and GMX is 0.051% cheaper against BingX than usual: you would sell low and buy high (−$5 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	BingX BRETT-USDT	0.005828	0.0442	pay 0.0221% / 4h	1h 38m	—	$1.4M	—
Short	GMX BRETT/USD [ETH-USDC]	0.005825	L 0.0000% / S 0.0000%	get 0.0000% / 1h	38m 58s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$92.82
Price spread: −0.051% → 0.000%: −$5.15
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$119.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	11.19 bp	41.6 bp −$42	122.1 bp −$1,221	617.9 bp −$61.8K	885.9 bp −$442.9K
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	0.005825	−0.051%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.189%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0051%	4h	0.005842	+0.240%	$57K	$209K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005843	+0.257%	$313K	$281K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005837	+0.150%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005818	−0.172%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005825	−0.051%	$421K	$112K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005838	+0.172%	$12.3M	$232K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005843	+0.257%	$278K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005819	−0.154%	$1.4M	$613K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005828	+0.008%	$43K	$105K	—	as long as short
BingX BRETT-USDTlong	+0.0442%	4h	0.005828	long leg	—	$1.4M	—
OKX BRETT-USDT-SWAP	+0.0482%	4h	0.005838	+0.172%	$146K	$368K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1215%	1h	0.005830	+0.037%	$40K	$91K	10x	as long as short