Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: KuCoin against Injective−0.702%55s7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.702% cheaper against Injective than usual: you would sell low and buy high (spread −0.702% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$70 on $10k: about 35 days of funding at the current rate (+$2 a day). The two prices were read 55 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	0.0033	pay 0.0004% / 1h	52m 14s	$61	$854	5.5x
Short	KuCoin BRETTUSDTM	0.005798	0.0100	get 0.0050% / 4h	3h 52m	$280K	$116K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.702%Rate

Funding earned: $14
Price spread: −0.702% → 0.000%: −$70.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$68.24
Costs to cover: 0.120%
Break-even: 41.1 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 40 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 KuCoin live order book, 40 min ago	26.65 bp	174.1 bp −$174	849.4 bp −$8,494	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	0.005798	−0.702%	—	—	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	0.005809	−0.514%	$314K	$289K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005799	−0.678%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005800	−0.668%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005802	−0.634%	$420K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005805	−0.582%	$12.3M	$234K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005798	−0.702%	$280K	$116K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005791	−0.822%	$1.4M	$604K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005793	−0.787%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDT	+0.0144%	4h	0.005800	−0.668%	$57K	$205K	50x	as long as short
OKX BRETT-USDT-SWAP	+0.0497%	4h	0.005810	−0.497%	$148K	$416K	10x	as long as short
BingX BRETT-USDT	+0.0504%	4h	0.005800	−0.668%	—	$1.4M	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1500%	1h	0.005835	−0.071%	$39K	$105K	10x	as long as short