Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.019%

Price spread now: BloFin against Hyperliquid−0.153%87s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.370% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now −0.153%, 7d avg −0.070%

Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.083% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.070%). If the spread goes back, that is −$8 on $10k: about 6.6 days of funding at the current rate (+$1 a day). The two prices were read 87 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	Hyperliquid BRETT	0.005865	0.0100	pay 0.0013% / 1h	31m 52s	$309K	$247K	3x
Short	BloFin BRETT-USDT	0.005856	0.0142	get 0.0071% / 4h	31m 52s	$57K	$164K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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 HyperliquidbpFee BloFinbpOrdersPrice spread, now −0.153%Rate

Funding earned: $8.76
Price spread: −0.153% → −0.070%: −$8.31
Slippage, 4 orders: −$115.99
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$136.54
Costs to cover: 1.370%
Break-even: 116.2 days

Slippage from Hyperliquid: live order book, 28 min ago; BloFin: live order book, 37 min ago.

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 Hyperliquid live order book, 28 min ago	2.57 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	3.45 bp	32.1 bp −$32	111.0 bp −$1,110	doesn't fit	doesn't fit

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]	L 0.0000% / S 0.0000%	1h	0.005851	−0.239%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.443%	$61	$854	5.5x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005865	long leg	$309K	$247K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005859	−0.105%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005853	−0.205%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005857	−0.136%	$132K	$260K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005854	−0.188%	$438K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005859	−0.102%	$12.5M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005862	−0.051%	$314K	$79K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005845	−0.341%	$1.4M	$641K	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	0.005858	−0.119%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005862	−0.046%	$59K	$108K	—	as long as short
BloFin BRETT-USDTshort	+0.0142%	4h	0.005856	−0.153%	$57K	$164K	50x
Kraken Futures PF_BRETTUSD	+0.1336%	1h	0.005858	−0.123%	$44K	$70K	10x	as long as short