Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC+0.035%7-day average −0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1141.144% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.035%, 7d avg −0.128%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.163% dearer against MEXC than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BRETT_USDT	0.005710	0.0100	pay 0.0050% / 4h	2h 22m	$12.1M	$235K	200x
Short	Bybit BRETTUSDT	0.005712	0.0100	get 0.0050% / 4h	2h 22m	$2.1M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.128%: $16.33
Slippage, 4 orders: −$103.45
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$98.12
Costs to cover: 1.144%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Bybit: live order book, 4 min ago.

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 MEXC live order book, 6 min ago	4.40 bp	27.1 bp −$27	189.4 bp −$1,894	299.9 bp −$30.0K	316.0 bp −$158.0K
Sell Bybit live order book, 4 min ago	6.17 bp	32.1 bp −$32	135.9 bp −$1,359	doesn't fit	doesn't fit

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	0.005682	−0.490%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+2.259%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0071%	4h	0.005692	−0.315%	$57K	$215K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005711	+0.018%	$313K	$276K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005721	+0.187%	$1.2M	$2.8M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005712	+0.035%	$2.1M	$2.1M	25x
Gate BRETT_USDT	+0.0100%	4h	0.005699	−0.193%	$412K	$113K	25x	as long as short
MEXC BRETT_USDTlong	+0.0100%	4h	0.005710	long leg	$12.1M	$235K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005697	−0.228%	$281K	$112K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005696	−0.245%	$1.3M	$611K	50x	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	0.005666	−0.778%	$42K	$105K	—	as long as short
BingX BRETT-USDT	+0.0176%	4h	0.005698	−0.210%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0218%	4h	0.005731	+0.368%	$141K	$345K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1687%	1h	0.005685	−0.436%	$39K	$89K	10x	as long as short