Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GMX against MEXC−0.204%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.204% cheaper against MEXC than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BRETT_USDT	0.005875	0.0100	pay 0.0050% / 4h	2h 59m	$12.5M	$207K	200x
Short	GMX BRETT/USD [ETH-USDC]	0.005863	L 0.0000% / S 0.0000%	get 0.0000% / 1h	59m 41s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.204%Rate

Funding earned: −$21
Price spread: −0.204% → 0.000%: −$20.43
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$53.43
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; GMX: no order-book sample. 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 MEXC live order book, 4 min ago	5.09 bp	27.8 bp −$28	183.5 bp −$1,835	293.2 bp −$29.3K	309.6 bp −$154.8K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L 0.0000% / S 0.0000%	1h	0.005863	−0.204%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.613%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0072%	4h	0.005913	+0.647%	$59K	$222K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005883	+0.136%	$320K	$270K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005878	+0.057%	$1.2M	$2.7M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005871	−0.068%	$2.1M	$2.0M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005890	+0.255%	$150K	$301K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005870	−0.085%	$425K	$106K	25x	as long as short
MEXC BRETT_USDTlong	+0.0100%	4h	0.005875	long leg	$12.5M	$207K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005891	+0.272%	$288K	$105K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005869	−0.102%	$1.4M	$588K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005880	+0.085%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005875	+0.008%	$43K	$105K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.0642%	1h	0.005879	+0.064%	$45K	$77K	10x	as long as short