Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Hyperliquid against OKX+0.086%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2622.623% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.086%, 7d avg +0.007%

Together, before fees−0.103%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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: Hyperliquid is 0.079% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BRETT-USDT-SWAP	0.005820	0.0100	pay 0.0050% / 4h	54m 07s	$134K	$269K	10x
Short	Hyperliquid BRETT	0.005825	0.0100	get 0.0013% / 1h	54m 07s	$317K	$257K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.007%: $7.9
Slippage, 4 orders: −$243.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$254.38
Costs to cover: 2.623%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 36 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 OKX live order book, 1 min ago	9.44 bp	91.6 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 36 min ago	2.56 bp	42.8 bp −$43	doesn't fit	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	0.005806	−0.241%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.326%	$61	$854	5.5x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005825	+0.086%	$317K	$257K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005818	−0.039%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005807	−0.223%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAPlong	+0.0100%	4h	0.005820	long leg	$134K	$269K	10x
Gate BRETT_USDT	+0.0100%	4h	0.005808	−0.206%	$431K	$105K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005817	−0.052%	$12.4M	$203K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005811	−0.155%	$307K	$78K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005802	−0.309%	$1.4M	$579K	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	0.005813	−0.120%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005819	−0.025%	$42K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0121%	4h	0.005799	−0.361%	$58K	$182K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.0620%	1h	0.005813	−0.122%	$43K	$76K	10x	as long as short