Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: Bybit against Injective+0.719%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 Bybit

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 Bybit is 0.719% dearer against Injective than usual: you sell high and buy low: +$72 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	40m 51s	$61	$854	5.5x
Short	Bybit BRETTUSDT	0.005881	0.0100	get 0.0050% / 4h	3h 40m	$2.1M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.719%Rate

Funding earned: $14
Price spread: +0.719% → 0.000%: $71.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $74.91
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	6.81 bp	36.6 bp −$37	148.8 bp −$1,488	doesn't fit	doesn't fit

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	0.005871	+0.548%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
Binance BRETTUSDT	+0.0100%	4h	0.005886	+0.805%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005881	+0.719%	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005884	+0.771%	$132K	$259K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005880	+0.702%	$437K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005883	+0.754%	$12.6M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005870	+0.531%	$310K	$81K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005870	+0.531%	$1.4M	$641K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005883	+0.754%	—	$1.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005883	+0.747%	$59K	$108K	—	as long as short
BloFin BRETT-USDT	+0.0123%	4h	0.005891	+0.891%	$57K	$186K	50x	as long as short
Hyperliquid BRETT	+0.0386%	1h	0.005894	+0.942%	$318K	$255K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1045%	1h	0.005885	+0.788%	$48K	$73K	10x	as long as short