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 −0.033%

Price spread now: Injective against BingX+0.154%7-day average — · you sell dearer than you buy

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

Long on BingX 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

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Injective is 0.154% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BRETT-USDT	0.005830	0.0100	pay 0.0050% / 4h	2h 50m	—	$1.4M	—
Short	Injective BRETT/USDC PERP	0.005839	0.0825	get 0.0103% / 1h	50m 56s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.154%Rate

Funding earned: $152.26
Price spread: +0.154% → 0.000%: $15.44
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $157.68
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago	4.25 bp	24.6 bp −$25	67.7 bp −$677	613.0 bp −$61.3K	870.3 bp −$435.2K
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	0.005825	−0.086%	—	—	100x	as long as short
BloFin BRETT-USDT	+0.0086%	4h	0.005827	−0.051%	$59K	$171K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005838	+0.133%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005830	0.000%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005832	+0.034%	$133K	$259K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005834	+0.069%	$436K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005837	+0.120%	$12.5M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005835	+0.086%	$326K	$76K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005824	−0.103%	$1.4M	$625K	50x	as long as short
BingX BRETT-USDTlong	+0.0100%	4h	0.005830	long leg	—	$1.4M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005861	+0.540%	$53K	$127K	—	as long as short
Hyperliquid BRETT	+0.0611%	1h	0.005844	+0.240%	$339K	$209K	3x	as long as short
Injective BRETT/USDC PERPshort	+0.0825%	1h	0.005839	+0.154%	$61	$854	5.5x
Kraken Futures PF_BRETTUSD	+0.1053%	1h	0.005848	+0.300%	$44K	$71K	10x	as long as short