Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%

Price spread now: Variational Omni against Hyperliquid−1.316%7-day average −0.174% · you buy dearer than you sell

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+1.515%+$151 · spread now −1.316%, 7d avg −0.174%

Together, before fees+1.477%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$148 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: Variational Omni is 1.142% cheaper against Hyperliquid than usual: you would sell low and buy high, −$114 on $10k if it goes back to its 7-day average of −0.174%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005853	0.0100	pay 0.0013% / 1h	31m 41s	$316K	$260K	3x
Short	Variational Omni BRETT	0.005776	0.0100	get 0.0050% / 4h	31m 41s	$42K	$104K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −1.316%Rate

Funding earned: $0
Price spread: −1.316% → −0.174%: −$114.21
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$123.21
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 58 min ago; Variational Omni: RFQ quote, 27 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 Hyperliquid live order book, 58 min ago	2.56 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	8.64 bp	doesn't fit	134.8 bp −$1,348	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	0.005824	−0.495%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.239%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0064%	4h	0.005811	−0.718%	$57K	$185K	50x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005853	long leg	$316K	$260K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005848	−0.085%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005849	−0.068%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005854	+0.017%	$134K	$271K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005826	−0.461%	$424K	$118K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005843	−0.171%	$12.5M	$205K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005817	−0.615%	$307K	$79K	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	0.005834	−0.325%	$1.4M	$577K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005833	−0.342%	—	$1.4M	—	as long as short
Variational Omni BRETTshort	+0.0100%	4h	0.005776	−1.316%	$42K	$104K	—
Kraken Futures PF_BRETTUSD	+0.0619%	1h	0.005825	−0.482%	$43K	$76K	10x	as long as short