Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%

Price spread now: BingX against Injective−0.771%72s7-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 BingX

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. BingX is 0.771% cheaper against Injective than usual: you would sell low and buy high (spread −0.771% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$77 on $10k: about 39 days of funding at the current rate (+$2 a day). The two prices were read 72 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	Injective BRETT/USDC PERP	0.005839	0.0033	pay 0.0004% / 1h	14m 13s	$61	$854	5.5x
Short	BingX BRETT-USDT	0.005794	0.0100	get 0.0050% / 4h	1h 14m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now −0.771%Rate

Funding earned: $14
Price spread: −0.771% → 0.000%: −$77.07
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$73.09
Costs to cover: 0.100%
Break-even: 43.5 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 7 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 BingX live order book, 7 min ago	7.75 bp	34.2 bp −$34	84.1 bp −$841	550.3 bp −$55.0K	802.9 bp −$401.4K

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 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	0.005796	−0.736%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDT	+0.0056%	4h	0.005804	−0.599%	$57K	$162K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005801	−0.651%	$307K	$242K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005799	−0.685%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005788	−0.873%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005801	−0.651%	$131K	$258K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005791	−0.822%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005795	−0.754%	$12.4M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005792	−0.805%	$325K	$74K	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	0.005789	−0.856%	$1.4M	$630K	50x	as long as short
BingX BRETT-USDTshort	+0.0100%	4h	0.005794	−0.771%	—	$1.4M	—
Variational Omni BRETT	+0.0100%	4h	0.005780	−1.006%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1399%	1h	0.005799	−0.692%	$44K	$70K	10x	as long as short