Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%

Price spread now: BingX against Bybit+0.138%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1531.527% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.138%, 7d avg +0.075%

Together, before fees−0.041%−$4 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: BingX is 0.063% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BRETTUSDT	0.005787	0.0100	pay 0.0050% / 4h	1h 11m	$2.1M	$1.8M	25x
Short	BingX BRETT-USDT	0.005795	0.0100	get 0.0050% / 4h	1h 11m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.075%: $6.29
Slippage, 4 orders: −$131.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$146.38
Costs to cover: 1.527%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 10 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 Bybit live order book, 5 min ago	6.91 bp	42.3 bp −$42	152.9 bp −$1,529	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	7.75 bp	34.2 bp −$34	84.1 bp −$841	550.3 bp −$55.0K	802.9 bp −$401.4K

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	0.005784	−0.052%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.899%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0079%	4h	0.005809	+0.380%	$57K	$162K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005803	+0.276%	$306K	$243K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005801	+0.234%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005787	long leg	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005801	+0.242%	$131K	$258K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005792	+0.086%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005800	+0.225%	$12.4M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005802	+0.259%	$325K	$74K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005788	+0.017%	$1.4M	$631K	50x	as long as short
BingX BRETT-USDTshort	+0.0100%	4h	0.005795	+0.138%	—	$1.4M	—
Variational Omni BRETT	+0.0100%	4h	0.005780	−0.116%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1399%	1h	0.005800	+0.222%	$44K	$70K	10x	as long as short