Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.020%

Price spread now: Injective against BloFin−0.290%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 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 0.290% cheaper against BloFin than usual: you would sell low and buy high (−$29 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	0.005856	0.0077	pay 0.0039% / 4h	41m 57s	$57K	$213K	50x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	41m 57s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.290%Rate

Funding earned: −$9.25
Price spread: −0.290% → 0.000%: −$29.03
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$50.3
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 29 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 BloFin live order book, 29 min ago	8.56 bp	24.2 bp −$24	117.5 bp −$1,175	doesn't fit	doesn't fit
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	0.005855	−0.017%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	−0.290%	$61	$854	5.5x
BloFin BRETT-USDTlong	+0.0077%	4h	0.005856	long leg	$57K	$213K	50x
Binance BRETTUSDT	+0.0100%	4h	0.005870	+0.239%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005850	−0.102%	$2.2M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005853	−0.051%	$424K	$111K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005872	+0.273%	$12.4M	$233K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005844	−0.205%	$281K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005849	−0.120%	$1.4M	$609K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005817	−0.668%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETT	+0.0146%	1h	0.005875	+0.324%	$316K	$291K	3x	as long as short
BingX BRETT-USDT	+0.0578%	4h	0.005850	−0.102%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0717%	4h	0.005866	+0.171%	$148K	$402K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1288%	1h	0.005864	+0.134%	$39K	$105K	10x	as long as short