Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against GMX+0.017%7-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 Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRETT/USD [ETH-USDC]	0.005863	L 0.0000% / S 0.0000%	get 0.0000% / 1h	16m 11s	—	—	100x
Short	Gate BRETT_USDT	0.005864	0.0100	get 0.0050% / 4h	1h 16m	$435K	$110K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.017%Rate

Funding earned: $21
Price spread: +0.017% → 0.000%: $1.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.29
Costs to cover: 0.270%
Break-even: 8.4 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 45 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 Gate live order book, 45 min ago	11.11 bp	344.1 bp −$344	doesn't fit	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	0.005863	long leg	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.409%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005880	+0.290%	$319K	$256K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005866	+0.051%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005859	−0.068%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005873	+0.171%	$135K	$274K	10x	as long as short
Gate BRETT_USDTshort	+0.0100%	4h	0.005864	+0.017%	$435K	$110K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005873	+0.171%	$12.5M	$207K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005884	+0.358%	$311K	$86K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005860	−0.051%	$1.4M	$586K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005871	+0.136%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005869	+0.109%	$43K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0116%	4h	0.005871	+0.136%	$58K	$184K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.1793%	1h	0.005866	+0.059%	$44K	$76K	10x	as long as short