Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GMX against Gate0.000%7-day average — · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BRETT_USDT	0.005680	0.0100	pay 0.0050% / 4h	31m 15s	$405K	$92K	25x
Short	GMX BRETT/USD [ETH-USDC]	0.005680	L 0.0000% / S 0.0000%	get 0.0000% / 1h	31m 15s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$48
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 7 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 Gate live order book, 7 min ago	4.39 bp	202.0 bp −$202	doesn't fit	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 exchanges

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	0.005680	0.000%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+2.799%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0090%	4h	0.005695	+0.264%	$55K	$198K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005692	+0.211%	$298K	$301K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005696	+0.287%	$1.2M	$2.8M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005683	+0.053%	$2.0M	$2.1M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005701	+0.370%	$139K	$415K	10x	as long as short
Gate BRETT_USDTlong	+0.0100%	4h	0.005680	long leg	$405K	$92K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005694	+0.246%	$12.0M	$218K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005679	−0.018%	$278K	$108K	30x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005686	+0.106%	$1.3M	$471K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005687	+0.123%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005705	+0.438%	$42K	$95K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.0681%	1h	0.005684	+0.065%	$38K	$105K	10x	as long as short