Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.064%

Price spread now: BloFin against GMX+0.187%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 BloFin

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 +$4 a day on $10k at the current rate, and BloFin is 0.187% dearer against GMX than usual: you sell high and buy low: +$19 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]	0.005889	L 0.0000% / S 0.0000%	get 0.0000% / 1h	2m 29s	—	—	100x
Short	BloFin BRETT-USDT	0.005900	0.0145	get 0.0073% / 4h	3h 02m	$58K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.187%Rate

Funding earned: $30.46
Price spread: +0.187% → 0.000%: $18.68
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $25.14
Costs to cover: 0.240%
Break-even: 1.2 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 62 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 BloFin live order book, 62 min ago	1.70 bp	30.9 bp −$31	118.8 bp −$1,188	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 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]long	L 0.0000% / S 0.0000%	1h	0.005889	long leg	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.849%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005908	+0.323%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005896	+0.119%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005913	+0.408%	$137K	$265K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005906	+0.289%	$438K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005915	+0.442%	$12.6M	$214K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005910	+0.357%	$317K	$85K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005898	+0.153%	$1.4M	$635K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005902	+0.221%	—	$1.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005919	+0.516%	$43K	$114K	—	as long as short
BloFin BRETT-USDTshort	+0.0145%	4h	0.005900	+0.187%	$58K	$184K	50x
Hyperliquid BRETT	+0.0380%	1h	0.005908	+0.323%	$321K	$255K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1040%	1h	0.005914	+0.432%	$48K	$73K	10x	as long as short