Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against GMX+0.137%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 KuCoin

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 +$3 a day on $10k at the current rate, and KuCoin is 0.137% dearer against GMX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRETT/USD [ETH-USDC]	0.005853	L 0.0000% / S 0.0000%	get 0.0000% / 1h	2m 15s	—	—	100x
Short	KuCoin BRETTUSDTM	0.005861	0.0100	get 0.0050% / 4h	2h 02m	$310K	$87K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.137%Rate

Funding earned: $21
Price spread: +0.137% → 0.000%: $13.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $10.67
Costs to cover: 0.240%
Break-even: 3.4 days

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 34 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 KuCoin live order book, 34 min ago	13.72 bp	203.2 bp −$203	928.9 bp −$9,289	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 13 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	0.005853	long leg	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.239%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005860	+0.124%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005852	−0.017%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005857	+0.068%	$134K	$269K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005856	+0.051%	$433K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005856	+0.051%	$12.5M	$212K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005861	+0.137%	$310K	$87K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005847	−0.103%	$1.4M	$601K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005859	+0.103%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005814	−0.667%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0181%	1h	0.005866	+0.222%	$319K	$254K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1523%	1h	0.005862	+0.157%	$44K	$75K	10x	as long as short