Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.030%

Price spread now: Hyperliquid against Binance+0.173%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1361.360% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.173%, 7d avg +0.071%

Together, before fees−0.119%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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 0.102% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BRETTUSDT	0.005787	0.0100	pay 0.0050% / 4h	1h 30m	$1.2M	$2.4M	50x
Short	Hyperliquid BRETT	0.005797	0.0100	get 0.0013% / 1h	30m 12s	$310K	$238K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.071%: $10.2
Slippage, 4 orders: −$116.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$125.78
Costs to cover: 1.360%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Hyperliquid: live order book, 40 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 Binance live order book, 5 min ago	5.17 bp	33.5 bp −$33	213.8 bp −$2,138	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 40 min ago	1.72 bp	32.9 bp −$33	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	0.005778	−0.156%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.899%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0048%	4h	0.005801	+0.242%	$57K	$163K	50x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005797	+0.173%	$310K	$238K	3x
Binance BRETTUSDTlong	+0.0100%	4h	0.005787	long leg	$1.2M	$2.4M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005783	−0.069%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005795	+0.138%	$131K	$257K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005787	0.000%	$432K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005788	+0.017%	$12.4M	$209K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005804	+0.294%	$326K	$74K	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	0.005780	−0.121%	$1.4M	$626K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005787	0.000%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005789	+0.031%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1402%	1h	0.005788	+0.015%	$44K	$70K	10x	as long as short