Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.005%

Price spread now: Injective against Bybit+0.240%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

The price spread pays, funding is against you. Injective is 0.240% dearer against Bybit than usual: you sell high and buy low (spread +0.240% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BRETTUSDT	0.005825	0.0100	pay 0.0050% / 4h	1h 43m	$2.1M	$1.8M	25x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	43m 16s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.240%Rate

Funding earned: −$14
Price spread: +0.240% → 0.000%: $24.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$0.99
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	6.91 bp	34.2 bp −$34	158.9 bp −$1,589	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	0.005814	−0.189%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	+0.240%	$61	$854	5.5x
BloFin BRETT-USDT	+0.0080%	4h	0.005813	−0.206%	$57K	$164K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005833	+0.137%	$312K	$238K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005827	+0.034%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005825	long leg	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005830	+0.086%	$132K	$256K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005814	−0.189%	$434K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005827	+0.034%	$12.5M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005811	−0.240%	$327K	$73K	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	0.005814	−0.189%	$1.4M	$622K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005817	−0.137%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005789	−0.610%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1393%	1h	0.005824	−0.013%	$44K	$70K	10x	as long as short