BRETT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0173%/8h= −18.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.032%

Price spread now: Injective against Hyperliquid−0.103%73s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.103% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 73 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	0.005845	0.0206	pay 0.0026% / 1h	8m 02s	$316K	$288K	3x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	8m 02s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.103%Rate

Funding earned: −$36.32
Price spread: −0.103% → 0.000%: −$10.27
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$55.61
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 52 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 52 min ago	0.86 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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]	L 0.0000% / S 0.0000%	1h	0.005826	−0.325%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	−0.103%	$61	$854	5.5x
BloFin BRETT-USDT	+0.0041%	4h	0.005839	−0.103%	$57K	$208K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005838	−0.114%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005830	−0.257%	$2.2M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005832	−0.222%	$422K	$113K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005835	−0.171%	$12.3M	$235K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005845	0.000%	$281K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005825	−0.342%	$1.4M	$613K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005820	−0.429%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETTlong	+0.0206%	1h	0.005845	long leg	$316K	$288K	3x
BingX BRETT-USDT	+0.0590%	4h	0.005837	−0.137%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0654%	4h	0.005837	−0.137%	$148K	$395K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1214%	1h	0.005834	−0.186%	$39K	$109K	10x	as long as short