Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.212%7-day average +0.014% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now +0.212%, 7d avg +0.014%

Together, before fees+0.131%+ Points / potential airdropVariational Omni: Active · farm board+$13 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: Variational Omni is 0.198% dearer against Bybit than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BRETTUSDT	0.005773	0.0100	pay 0.0050% / 4h	2h 03m	$2.1M	$1.8M	25x
Short	Variational Omni BRETT	0.005785	0.0100	get 0.0050% / 4h	2h 03m	$52K	$102K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → +0.014%: $19.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.83
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 21 min ago. 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 Bybit live order book, 3 min ago	6.91 bp	41.7 bp −$42	204.5 bp −$2,045	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 21 min ago	9.43 bp	doesn't fit	150.0 bp −$1,500	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	0.005774	+0.017%	—	—	100x	as long as short
BloFin BRETT-USDT	+0.0045%	4h	0.005788	+0.260%	$58K	$176K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005782	+0.156%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005773	long leg	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005784	+0.191%	$132K	$254K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005774	+0.017%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005783	+0.173%	$12.4M	$213K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005782	+0.156%	$323K	$72K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005769	−0.069%	$1.4M	$626K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005776	+0.052%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETTshort	+0.0100%	4h	0.005785	+0.212%	$52K	$102K	—
Hyperliquid BRETT	+0.0636%	1h	0.005784	+0.191%	$321K	$224K	3x	as long as short
Injective BRETT/USDC PERP	+0.0825%	1h	0.005839	+1.143%	$61	$854	5.5x	as long as short
Kraken Futures PF_BRETTUSD	+0.1066%	1h	0.005776	+0.054%	$43K	$70K	10x	as long as short