Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.030%

Price spread now: MEXC against Hyperliquid−0.121%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on Hyperliquid Short on MEXC

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)+0.094%+$9 · spread now −0.121%, 7d avg −0.066%

Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.055% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005799	0.0100	pay 0.0013% / 1h	50m 18s	$309K	$237K	3x
Short	MEXC BRETT_USDT	0.005792	0.0100	get 0.0050% / 4h	1h 50m	$12.4M	$208K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.066%: −$5.46
Slippage, 4 orders: −$96.71
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$111.17
Costs to cover: 1.057%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 19 min ago; MEXC: live order book, 3 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, 19 min ago	1.72 bp	37.2 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.31 bp	14.7 bp −$15	125.3 bp −$1,253	286.9 bp −$28.7K	310.2 bp −$155.1K

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	0.005783	−0.276%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.690%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0052%	4h	0.005798	−0.017%	$58K	$167K	50x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005799	long leg	$309K	$237K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005796	−0.049%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005792	−0.121%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005803	+0.069%	$132K	$255K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005795	−0.069%	$433K	$108K	25x	as long as short
MEXC BRETT_USDTshort	+0.0100%	4h	0.005792	−0.121%	$12.4M	$208K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005792	−0.121%	$326K	$74K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005784	−0.259%	$1.4M	$624K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005797	−0.034%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005790	−0.164%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1401%	1h	0.005791	−0.142%	$44K	$70K	10x	as long as short