Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.039%

Price spread now: Gate against Hyperliquid−0.357%7-day average −0.195% · you buy dearer than you sell

Net, funding: paid 7d − costs−$894as in the Funding arb table

Net, price: spread back to 7d avg − costs−$906as in the Price arb table

costs, in and out, $10k−$8908.901% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.357%, 7d avg −0.195%

Together, before fees+0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.162% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.195%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005875	0.0125	pay 0.0016% / 1h	41m 23s	$316K	$291K	3x
Short	Gate BRETT_USDT	0.005854	0.0100	get 0.0050% / 4h	41m 23s	$424K	$111K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.357%Rate

Funding earned: −$5.28
Price spread: −0.357% → −0.195%: −$16.2
Slippage, 4 orders: −$866.15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$911.63
Costs to cover: 8.901%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Gate: live order book, 59 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, 8 min ago	1.72 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	8.59 bp	354.7 bp −$355	doesn't fit	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	0.005855	−0.340%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.613%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0077%	4h	0.005856	−0.323%	$57K	$213K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005871	−0.068%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005854	−0.357%	$2.2M	$2.3M	25x	as long as short
Gate BRETT_USDTshort	+0.0100%	4h	0.005854	−0.357%	$424K	$111K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005868	−0.119%	$12.4M	$233K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005862	−0.221%	$282K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005849	−0.443%	$1.4M	$609K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005817	−0.990%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETTlong	+0.0125%	1h	0.005875	long leg	$316K	$291K	3x
BingX BRETT-USDT	+0.0654%	4h	0.005853	−0.374%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0725%	4h	0.005866	−0.153%	$148K	$402K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1288%	1h	0.005864	−0.190%	$39K	$105K	10x	as long as short