Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.026%

Price spread now: BloFin against Hyperliquid−0.120%107s7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1201.200% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)−1.007%−$101 · spread now −0.120%, 7d avg −0.100%

Together, before fees−0.845%+ Points / potential airdropHyperliquid: Season 2 · farm board−$85 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.100%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.161%, so the current rate has only just turned against you. The two prices were read 107 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	Hyperliquid BRETT	0.005832	0.0100	pay 0.0013% / 1h	1m 31s	$316K	$294K	3x
Short	BloFin BRETT-USDT	0.005825	0.0041	get 0.0021% / 4h	3h 01m	$56K	$206K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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 HyperliquidbpFee BloFinbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$12.34
Price spread: −0.120% → −0.100%: −$1.98
Slippage, 4 orders: −$99
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$134.31
Costs to cover: 1.200%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 38 min ago; BloFin: live order book, 64 min ago.

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 Hyperliquid live order book, 38 min ago	0.87 bp	34.6 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 64 min ago	6.89 bp	29.7 bp −$30	105.5 bp −$1,055	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	0.005812	−0.343%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.120%	$61	$854	5.5x	as long as short
BloFin BRETT-USDTshort	+0.0041%	4h	0.005825	−0.120%	$56K	$206K	50x
Hyperliquid BRETTlong	+0.0100%	1h	0.005832	long leg	$316K	$294K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005830	−0.027%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005822	−0.171%	$2.1M	$2.2M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005825	−0.120%	$422K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005829	−0.051%	$12.3M	$238K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005824	−0.137%	$282K	$112K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005821	−0.189%	$1.4M	$560K	50x	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	0.005825	−0.119%	$43K	$102K	—	as long as short
OKX BRETT-USDT-SWAP	+0.0315%	4h	0.005827	−0.086%	$147K	$420K	10x	as long as short
BingX BRETT-USDT	+0.0360%	4h	0.005828	−0.069%	—	$1.4M	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1503%	1h	0.005821	−0.184%	$39K	$105K	10x	as long as short