Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: MEXC against Injective−0.325%70s7-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 MEXC

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. MEXC is 0.325% cheaper against Injective than usual: you would sell low and buy high (spread −0.325% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 16 days of funding at the current rate (+$2 a day). The two prices were read 70 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	38m 10s	$61	$854	5.5x
Short	MEXC BRETT_USDT	0.005820	0.0100	get 0.0050% / 4h	1h 38m	$12.4M	$205K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −0.325%Rate

Funding earned: $14
Price spread: −0.325% → 0.000%: −$32.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.56
Costs to cover: 0.000%
Break-even: 16.3 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 10 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 MEXC live order book, 10 min ago	0.86 bp	24.9 bp −$25	182.0 bp −$1,820	281.9 bp −$28.2K	301.1 bp −$150.5K

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	0.005803	−0.617%	—	—	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	0.005823	−0.274%	$316K	$255K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005819	−0.350%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005814	−0.428%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005816	−0.394%	$134K	$272K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005821	−0.308%	$432K	$109K	25x	as long as short
MEXC BRETT_USDTshort	+0.0100%	4h	0.005820	−0.325%	$12.4M	$205K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005835	−0.069%	$308K	$86K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005806	−0.565%	$1.4M	$596K	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-USDT	+0.0100%	4h	0.005818	−0.360%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005829	−0.174%	$43K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0151%	4h	0.005825	−0.240%	$58K	$181K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.1810%	1h	0.005811	−0.472%	$43K	$76K	10x	as long as short