BRETT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.064%

Price spread now: GMX against Hyperliquid−0.412%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.412% cheaper against Hyperliquid than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005830	0.0100	pay 0.0013% / 1h	41m 39s	$315K	$260K	3x
Short	GMX BRETT/USD [ETH-USDC]	0.005806	L 0.0000% / S 0.0000%	get 0.0000% / 1h	41m 39s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.412%Rate

Funding earned: −$21
Price spread: −0.412% → 0.000%: −$41.17
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$83.17
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 48 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 48 min ago	2.56 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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]short	L 0.0000% / S 0.0000%	1h	0.005806	−0.412%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.154%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0094%	4h	0.005820	−0.172%	$57K	$187K	50x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005830	long leg	$315K	$260K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005819	−0.189%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005810	−0.343%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005821	−0.154%	$133K	$270K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005813	−0.292%	$431K	$105K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005820	−0.172%	$12.4M	$203K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005822	−0.137%	$307K	$79K	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	0.005806	−0.412%	$1.4M	$577K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005819	−0.189%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005797	−0.559%	$42K	$104K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.0620%	1h	0.005812	−0.317%	$43K	$76K	10x	as long as short