Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%

Price spread now: BingX against Injective+0.103%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BingX

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.103% dearer against Injective than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRETT/USDC PERP	0.005839	0.0033	pay 0.0004% / 1h	28m 42s	$61	$854	5.5x
Short	BingX BRETT-USDT	0.005845	0.0100	get 0.0050% / 4h	28m 42s	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $14
Price spread: +0.103% → 0.000%: $10.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $14.26
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	10.26 bp	35.8 bp −$36	91.0 bp −$910	571.3 bp −$57.1K	890.8 bp −$445.4K

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	0.005837	−0.034%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
Hyperliquid BRETT	+0.0100%	1h	0.005856	+0.291%	$308K	$247K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005847	+0.137%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005836	−0.051%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005848	+0.154%	$132K	$259K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005845	+0.103%	$437K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005850	+0.188%	$12.5M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005844	+0.086%	$313K	$79K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005836	−0.051%	$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-USDTshort	+0.0100%	4h	0.005845	+0.103%	—	$1.4M	—
Variational Omni BRETT	+0.0100%	4h	0.005845	+0.108%	$59K	$108K	—	as long as short
BloFin BRETT-USDT	+0.0138%	4h	0.005858	+0.325%	$57K	$166K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.1338%	1h	0.005852	+0.221%	$44K	$70K	10x	as long as short