Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: Binance against Injective−1.404%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Binance is 1.404% cheaper against Injective than usual: you would sell low and buy high (spread −1.404% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$140 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRETT/USDC PERP	0.005839	0.0033	pay 0.0004% / 1h	56m 46s	$61	$854	5.5x
Short	Binance BRETTUSDT	0.005757	0.0100	get 0.0050% / 4h	1h 56m	$1.2M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BinancebpOrdersPrice spread, now −1.404%Rate

Funding earned: $14
Price spread: −1.404% → 0.000%: −$140.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$136.45
Costs to cover: 0.100%
Break-even: 75.2 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 2 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	1.74 bp	34.3 bp −$34	123.3 bp −$1,233	doesn't fit	doesn't fit

Injective: 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 exchanges

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	0.005746	−1.593%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
Binance BRETTUSDTshort	+0.0100%	4h	0.005757	−1.404%	$1.2M	$2.8M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005746	−1.593%	$2.1M	$2.1M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005760	−1.353%	$143K	$416K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005749	−1.541%	$416K	$92K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005757	−1.404%	$12.2M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005752	−1.490%	$278K	$111K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005749	−1.541%	$1.3M	$477K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005758	−1.387%	—	$1.4M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005748	−1.564%	$43K	$95K	—	as long as short
Hyperliquid BRETT	+0.0116%	1h	0.005764	−1.284%	$311K	$294K	3x	as long as short
BloFin BRETT-USDT	+0.0146%	4h	0.005764	−1.284%	$56K	$200K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.1256%	1h	0.005753	−1.479%	$38K	$105K	10x	as long as short