Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against GMX+0.276%148s7-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 MEXC

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 MEXC is 0.276% dearer against GMX than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 148 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]	0.005803	L 0.0000% / S 0.0000%	get 0.0000% / 1h	32m 58s	—	—	100x
Short	MEXC BRETT_USDT	0.005819	0.0100	get 0.0050% / 4h	1h 32m	$12.3M	$233K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.276%Rate

Funding earned: $21
Price spread: +0.276% → 0.000%: $27.57
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $36.57
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	4.28 bp	24.7 bp −$25	184.2 bp −$1,842	296.8 bp −$29.7K	311.9 bp −$156.0K

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	0.005803	long leg	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.620%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005821	+0.308%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005809	+0.103%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005811	+0.138%	$420K	$112K	25x	as long as short
MEXC BRETT_USDTshort	+0.0100%	4h	0.005819	+0.276%	$12.3M	$233K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005811	+0.138%	$276K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005807	+0.069%	$1.4M	$613K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005802	−0.009%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0121%	1h	0.005827	+0.414%	$312K	$282K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDT	+0.0135%	4h	0.005814	+0.190%	$57K	$208K	50x	as long as short
BingX BRETT-USDT	+0.0466%	4h	0.005814	+0.190%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0499%	4h	0.005829	+0.448%	$146K	$370K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1219%	1h	0.005811	+0.140%	$40K	$91K	10x	as long as short