Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0442%/8h= +48.4% APRpaid last 24h +0.057%

Price spread now: BingX against GMX+0.069%105s7-day average — · you sell dearer than you buy

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

Long on GMX Short on BingX

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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.069% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 105 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	GMX BRETT/USD [ETH-USDC]	0.005825	L 0.0000% / S 0.0000%	get 0.0000% / 1h	37m 34s	—	—	100x
Short	BingX BRETT-USDT	0.005829	0.0442	get 0.0221% / 4h	1h 37m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $92.82
Price spread: +0.069% → 0.000%: $6.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $77.69
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: GMX: no order-book sample; BingX: live order book, 9 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	11.19 bp	48.1 bp −$48	124.3 bp −$1,243	588.7 bp −$58.9K	850.3 bp −$425.2K

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]long	L 0.0000% / S 0.0000%	1h	0.005825	long leg	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.240%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0051%	4h	0.005842	+0.292%	$57K	$209K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005845	+0.343%	$313K	$281K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005837	+0.212%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005824	−0.017%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005825	0.000%	$421K	$112K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005837	+0.206%	$12.3M	$232K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005843	+0.309%	$278K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005820	−0.086%	$1.4M	$613K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005828	+0.060%	$43K	$105K	—	as long as short
BingX BRETT-USDTshort	+0.0442%	4h	0.005829	+0.069%	—	$1.4M	—
OKX BRETT-USDT-SWAP	+0.0490%	4h	0.005838	+0.223%	$146K	$368K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1216%	1h	0.005826	+0.011%	$40K	$91K	10x	as long as short