Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against GMX+0.051%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Bitget

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.051% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRETT/USD [ETH-USDC]	0.005832	L 0.0000% / S 0.0000%	get 0.0000% / 1h	58m 11s	—	—	100x
Short	Bitget BRETTUSDT	0.005835	0.0100	get 0.0050% / 4h	1h 58m	$1.4M	$594K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now +0.051%Rate

Funding earned: $21
Price spread: +0.051% → 0.000%: $5.14
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $2.14
Costs to cover: 0.240%
Break-even: 6.3 days

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	7.70 bp	69.3 bp −$69	236.0 bp −$2,360	doesn't fit	doesn't fit

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 13 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]long	L 0.0000% / S 0.0000%	1h	0.005832	long leg	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.120%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005845	+0.229%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005835	+0.051%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005846	+0.240%	$133K	$268K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005838	+0.103%	$432K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005847	+0.257%	$12.5M	$204K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005863	+0.532%	$310K	$87K	30x	as long as short
Bitget BRETTUSDTshort	+0.0100%	4h	0.005835	+0.051%	$1.4M	$594K	50x
BingX BRETT-USDT	+0.0100%	4h	0.005844	+0.206%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005851	+0.334%	$43K	$104K	—	as long as short
Hyperliquid BRETT	+0.0265%	1h	0.005855	+0.394%	$319K	$254K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1798%	1h	0.005848	+0.277%	$44K	$75K	10x	as long as short