Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.057%

Price spread now: GMX against BingX−0.152%7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.152% cheaper against BingX than usual: you would sell low and buy high (−$15 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	BingX BRETT-USDT	0.005917	0.0100	pay 0.0050% / 4h	3h 29m	—	$1.4M	—
Short	GMX BRETT/USD [ETH-USDC]	0.005908	L 0.0000% / S 0.0000%	get 0.0000% / 1h	29m 07s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$21
Price spread: −0.152% → 0.000%: −$15.21
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$58.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 13 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 BingX live order book, 13 min ago	10.20 bp	36.8 bp −$37	124.3 bp −$1,243	654.3 bp −$65.4K	874.3 bp −$437.2K
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	0.005908	−0.152%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.318%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0047%	4h	0.005926	+0.152%	$58K	$187K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005919	+0.034%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005910	−0.118%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005923	+0.101%	$134K	$261K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005909	−0.135%	$439K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005923	+0.101%	$12.7M	$212K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005908	−0.152%	$314K	$81K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005905	−0.203%	$1.4M	$640K	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-USDTlong	+0.0100%	4h	0.005917	long leg	—	$1.4M	—
Variational Omni BRETT	+0.0100%	4h	0.005913	−0.075%	$56K	$102K	—	as long as short
Hyperliquid BRETT	+0.0281%	1h	0.005929	+0.203%	$320K	$253K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1041%	1h	0.005909	−0.143%	$48K	$73K	10x	as long as short