Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GMX against Binance−0.136%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.136% cheaper against Binance than usual: you would sell low and buy high (−$14 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	Binance BRETTUSDT	0.005804	0.0100	pay 0.0050% / 4h	59m 44s	$1.2M	$3.0M	50x
Short	GMX BRETT/USD [ETH-USDC]	0.005796	L 0.0000% / S 0.0000%	get 0.0000% / 1h	59m 44s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$21
Price spread: −0.136% → 0.000%: −$13.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$56.61
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago	3.43 bp	33.7 bp −$34	167.4 bp −$1,674	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	0.005796	−0.136%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.605%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0053%	4h	0.005812	+0.140%	$57K	$208K	50x	as long as short
Binance BRETTUSDTlong	+0.0100%	4h	0.005804	long leg	$1.2M	$3.0M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005791	−0.222%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005806	+0.036%	$420K	$113K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005810	+0.105%	$12.3M	$237K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005823	+0.329%	$280K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005806	+0.036%	$1.4M	$613K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005796	−0.136%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETT	+0.0190%	1h	0.005815	+0.191%	$314K	$289K	3x	as long as short
OKX BRETT-USDT-SWAP	+0.0609%	4h	0.005814	+0.174%	$146K	$395K	10x	as long as short
BingX BRETT-USDT	+0.0614%	4h	0.005815	+0.191%	—	$1.4M	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1220%	1h	0.005806	+0.034%	$39K	$109K	10x	as long as short