Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.019%

Price spread now: Hyperliquid against BloFin+0.224%67s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1471.465% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now +0.224%, 7d avg +0.066%

Together, before fees−0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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 0.158% dearer against BloFin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.066%. The two prices were read 67 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	BloFin BRETT-USDT	0.005813	0.0104	pay 0.0052% / 4h	1h 44m	$57K	$164K	50x
Short	Hyperliquid BRETT	0.005826	0.0100	get 0.0013% / 1h	44m 01s	$311K	$238K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.224%Rate

Funding earned: −$0.94
Price spread: +0.224% → +0.066%: $15.76
Slippage, 4 orders: −$125.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$131.72
Costs to cover: 1.465%
Break-even: never at this rate

Slippage from BloFin: live order book, 30 min ago; Hyperliquid: live order book, 26 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 BloFin live order book, 30 min ago	12.82 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 26 min ago	1.72 bp	32.9 bp −$33	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	0.005798	−0.258%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.447%	$61	$854	5.5x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005826	+0.224%	$311K	$238K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005826	+0.224%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005812	−0.017%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005820	+0.120%	$131K	$256K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005809	−0.069%	$434K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005822	+0.155%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005807	−0.103%	$327K	$73K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005807	−0.103%	$1.4M	$622K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005816	+0.052%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005789	−0.405%	$52K	$102K	—	as long as short
BloFin BRETT-USDTlong	+0.0104%	4h	0.005813	long leg	$57K	$164K	50x
Kraken Futures PF_BRETTUSD	+0.1397%	1h	0.005808	−0.087%	$44K	$70K	10x	as long as short