Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.030%

Price spread now: Gate against Hyperliquid−0.239%7-day average −0.190% · you buy dearer than you sell

Net, funding: paid 7d − costs−$669as in the Funding arb table

Net, price: spread back to 7d avg − costs−$671as in the Price arb table

costs, in and out, $10k−$6666.664% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.239%, 7d avg −0.190%

Together, before fees−0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.190%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005863	0.0194	pay 0.0024% / 1h	49m 28s	$317K	$254K	3x
Short	Gate BRETT_USDT	0.005849	0.0100	get 0.0050% / 4h	3h 49m	$435K	$108K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.239%Rate

Funding earned: −$19.79
Price spread: −0.239% → −0.190%: −$4.93
Slippage, 4 orders: −$642.36
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$691.08
Costs to cover: 6.664%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 70 min ago; Gate: live order book, 21 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, 70 min ago	2.57 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 21 min ago	10.27 bp	316.4 bp −$316	doesn't fit	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	0.005842	−0.358%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.409%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0073%	4h	0.005867	+0.068%	$57K	$182K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005856	−0.119%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005848	−0.256%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005869	+0.102%	$132K	$260K	10x	as long as short
Gate BRETT_USDTshort	+0.0100%	4h	0.005849	−0.239%	$435K	$108K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005855	−0.136%	$12.5M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005841	−0.375%	$308K	$81K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005845	−0.307%	$1.4M	$643K	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	−0.085%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005855	−0.135%	$59K	$108K	—	as long as short
Hyperliquid BRETTlong	+0.0194%	1h	0.005863	long leg	$317K	$254K	3x
Kraken Futures PF_BRETTUSD	+0.1048%	1h	0.005865	+0.036%	$47K	$73K	10x	as long as short