Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Variational Omni against GMX+0.260%50s7-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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.260% dearer against GMX than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRETT/USD [ETH-USDC]	0.005802	L 0.0000% / S 0.0000%	get 0.0000% / 1h	41m 27s	—	—	100x
Short	Variational Omni BRETT	0.005817	0.0100	get 0.0050% / 4h	2h 41m	$43K	$114K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.260%Rate

Funding earned: $21
Price spread: +0.260% → 0.000%: $26.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $35.02
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 27 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 Variational Omni RFQ quote, 27 min ago	10.11 bp	doesn't fit	146.6 bp −$1,466	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	0.005802	long leg	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.638%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0077%	4h	0.005854	+0.896%	$58K	$189K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005818	+0.276%	$315K	$256K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005813	+0.185%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005809	+0.121%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005813	+0.190%	$133K	$273K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005810	+0.138%	$431K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005814	+0.207%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005809	+0.121%	$311K	$88K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005812	+0.172%	$1.4M	$633K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005814	+0.207%	—	$1.4M	—	as long as short
Variational Omni BRETTshort	+0.0100%	4h	0.005817	+0.260%	$43K	$114K	—
Kraken Futures PF_BRETTUSD	+0.1536%	1h	0.005815	+0.231%	$44K	$76K	10x	as long as short