Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.055%

Price spread now: GMX against BloFin−0.514%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$4 a day on $10k at the current rate, and GMX is 0.514% cheaper against BloFin than usual: you would sell low and buy high (−$51 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	BloFin BRETT-USDT	0.005833	0.0123	pay 0.0062% / 4h	1h 34m	$57K	$209K	50x
Short	GMX BRETT/USD [ETH-USDC]	0.005803	L 0.0000% / S 0.0000%	get 0.0000% / 1h	34m 35s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.514%Rate

Funding earned: −$25.92
Price spread: −0.514% → 0.000%: −$51.43
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$101.35
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 41 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 BloFin live order book, 41 min ago	5.19 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
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	0.005803	−0.514%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.103%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005818	−0.259%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005802	−0.531%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005809	−0.411%	$420K	$112K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005815	−0.309%	$12.3M	$233K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005831	−0.034%	$277K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005804	−0.497%	$1.4M	$613K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005802	−0.523%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0104%	1h	0.005827	−0.103%	$312K	$281K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDTlong	+0.0123%	4h	0.005833	long leg	$57K	$209K	50x
BingX BRETT-USDT	+0.0466%	4h	0.005811	−0.377%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0498%	4h	0.005818	−0.257%	$146K	$369K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1221%	1h	0.005802	−0.530%	$40K	$91K	10x	as long as short