Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.023%

Price spread now: OKX against Injective−0.223%88s7-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 OKX

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. OKX is 0.223% cheaper against Injective than usual: you would sell low and buy high (spread −0.223% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 38 hours of funding at the current rate (+$14 a day). The two prices were read 88 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	35m 50s	$61	$854	5.5x
Short	OKX BRETT-USDT-SWAP	0.005826	0.0504	get 0.0252% / 4h	1h 35m	$146K	$369K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.223%Rate

Funding earned: $98.8
Price spread: −0.223% → 0.000%: −$22.26
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $66.52
Costs to cover: 0.100%
Break-even: 2.3 days

Slippage unknown: Injective: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	8.58 bp	36.6 bp −$37	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	0.005803	−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	0.005820	−0.325%	$312K	$281K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005815	−0.417%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005804	−0.599%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005809	−0.514%	$420K	$112K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005814	−0.428%	$12.3M	$233K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005819	−0.343%	$277K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005806	−0.565%	$1.4M	$614K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005802	−0.625%	$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	+0.0106%	4h	0.005833	−0.103%	$57K	$209K	50x	as long as short
BingX BRETT-USDT	+0.0466%	4h	0.005808	−0.531%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAPshort	+0.0504%	4h	0.005826	−0.223%	$146K	$369K	10x
Kraken Futures PF_BRETTUSD	+0.1219%	1h	0.005812	−0.454%	$40K	$91K	10x	as long as short