Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GMX against Variational Omni−0.309%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.309% cheaper against Variational Omni than usual: you would sell low and buy high (−$31 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	Variational Omni BRETT	0.005841	0.0100	pay 0.0050% / 4h	2h 35m	$53K	$102K	—
Short	GMX BRETT/USD [ETH-USDC]	0.005823	L 0.0000% / S 0.0000%	get 0.0000% / 1h	35m 58s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.309%Rate

Funding earned: −$21
Price spread: −0.309% → 0.000%: −$30.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$63.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 53 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 Variational Omni RFQ quote, 53 min ago	11.09 bp	doesn't fit	202.1 bp −$2,021	doesn't fit	doesn't fit
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	0.005823	−0.309%	—	—	100x
BloFin BRETT-USDT	+0.0045%	4h	0.005847	+0.102%	$59K	$171K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005836	−0.086%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005835	−0.103%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005845	+0.068%	$133K	$256K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005829	−0.206%	$436K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005834	−0.120%	$12.5M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005830	−0.189%	$326K	$73K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005823	−0.309%	$1.4M	$623K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005833	−0.137%	—	$1.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETTlong	+0.0100%	4h	0.005841	long leg	$53K	$102K	—
Hyperliquid BRETT	+0.0656%	1h	0.005841	−0.001%	$339K	$209K	3x	as long as short
Injective BRETT/USDC PERP	+0.0825%	1h	0.005839	−0.035%	$61	$854	5.5x	as long as short
Kraken Futures PF_BRETTUSD	+0.1056%	1h	0.005833	−0.139%	$44K	$70K	10x	as long as short