Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%

Price spread now: Hyperliquid against Bitget+0.397%7-day average +0.216% · you sell dearer than you buy

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$2252.254% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.397%, 7d avg +0.216%

Together, before fees−0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.181% dearer against Bitget than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BRETTUSDT	0.005793	0.0100	pay 0.0050% / 4h	57m 01s	$1.4M	$579K	50x
Short	Hyperliquid BRETT	0.005816	0.0100	get 0.0013% / 1h	57m 01s	$316K	$257K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.397%Rate

Funding earned: $0
Price spread: +0.397% → +0.216%: $18.15
Slippage, 4 orders: −$204.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$207.22
Costs to cover: 2.254%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Hyperliquid: live order book, 33 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 Bitget live order book, 4 min ago	11.21 bp	85.1 bp −$85	281.8 bp −$2,818	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 33 min ago	2.56 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit

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	0.005786	−0.121%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.794%	$61	$854	5.5x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005816	+0.397%	$316K	$257K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005803	+0.168%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005794	+0.017%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005806	+0.224%	$133K	$269K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005796	+0.052%	$430K	$105K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005798	+0.086%	$12.4M	$203K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005797	+0.069%	$306K	$79K	30x	as long as short
Bitget BRETTUSDTlong	+0.0100%	4h	0.005793	long leg	$1.4M	$579K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005802	+0.155%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005797	+0.067%	$42K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0137%	4h	0.005799	+0.104%	$58K	$182K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.0622%	1h	0.005800	+0.117%	$43K	$76K	10x	as long as short