Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h +0.079%

Price spread now: BloFin against GMX+0.069%51s7-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 BloFin

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 +$1 a day on $10k at the current rate, and BloFin 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 51 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]	0.005832	L 0.0000% / S 0.0000%	get 0.0000% / 1h	23m 49s	—	—	100x
Short	BloFin BRETT-USDT	0.005836	0.0048	get 0.0024% / 4h	2h 23m	$59K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $9.98
Price spread: +0.069% → 0.000%: $6.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.16
Costs to cover: 0.240%
Break-even: 12.0 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 57 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 BloFin live order book, 57 min ago	6.84 bp	28.0 bp −$28	100.8 bp −$1,008	doesn't fit	doesn't fit

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	0.005832	long leg	—	—	100x
BloFin BRETT-USDTshort	+0.0048%	4h	0.005836	+0.069%	$59K	$171K	50x
Binance BRETTUSDT	+0.0100%	4h	0.005846	+0.240%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005836	+0.069%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005856	+0.412%	$134K	$257K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005831	−0.017%	$436K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005848	+0.274%	$12.5M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005830	−0.034%	$326K	$72K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005833	+0.017%	$1.4M	$623K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005840	+0.137%	—	$1.4M	—	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	0.005840	+0.134%	$53K	$102K	—	as long as short
Hyperliquid BRETT	+0.0617%	1h	0.005856	+0.412%	$341K	$209K	3x	as long as short
Injective BRETT/USDC PERP	+0.0825%	1h	0.005839	+0.120%	$61	$854	5.5x	as long as short
Kraken Futures PF_BRETTUSD	+0.1054%	1h	0.005845	+0.221%	$44K	$70K	10x	as long as short