Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0725%/8h= −79.4% APRpaid last 24h +0.013%

Price spread now: Gate against Injective+0.599%54s7-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 Gate

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

The price spread pays, funding is against you. Gate is 0.599% dearer against Injective than usual: you sell high and buy low (spread +0.599% now, against zero (this spread has no 7-day history yet)): +$60 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 2.8 days. The two prices were read 54 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	Injective BRETT/USDC PERP	0.005839	0.0825	pay 0.0103% / 1h	58m 21s	$61	$854	5.5x
Short	Gate BRETT_USDT	0.005874	0.0100	get 0.0050% / 4h	2h 58m	$439K	$108K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.599%Rate

Funding earned: −$152.26
Price spread: +0.599% → 0.000%: $59.94
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.34
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 27 min ago	7.70 bp	365.6 bp −$366	doesn't fit	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	0.005860	+0.360%	—	—	100x	as long as short
BloFin BRETT-USDT	+0.0051%	4h	0.005880	+0.702%	$59K	$170K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005859	+0.348%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005869	+0.514%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005866	+0.462%	$134K	$265K	10x	as long as short
Gate BRETT_USDTshort	+0.0100%	4h	0.005874	+0.599%	$439K	$108K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005874	+0.599%	$12.6M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005872	+0.565%	$333K	$76K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005853	+0.240%	$1.4M	$668K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005877	+0.651%	—	$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	0.005891	+0.884%	$53K	$127K	—	as long as short
Hyperliquid BRETT	+0.0152%	1h	0.005882	+0.736%	$340K	$211K	3x	as long as short
Injective BRETT/USDC PERPlong	+0.0825%	1h	0.005839	long leg	$61	$854	5.5x
Kraken Futures PF_BRETTUSD	+0.1049%	1h	0.005871	+0.540%	$42K	$71K	10x	as long as short