Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: Bitget against Injective−0.377%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 Bitget

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. Bitget is 0.377% cheaper against Injective than usual: you would sell low and buy high (spread −0.377% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 19 days 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	40m 51s	$61	$854	5.5x
Short	Bitget BRETTUSDT	0.005817	0.0100	get 0.0050% / 4h	40m 51s	$1.4M	$577K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.377%Rate

Funding earned: $14
Price spread: −0.377% → 0.000%: −$37.68
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.7
Costs to cover: 0.120%
Break-even: 24.8 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	11.19 bp	62.9 bp −$63	243.3 bp −$2,433	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 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	0.005810	−0.497%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDT	+0.0087%	4h	0.005826	−0.223%	$57K	$185K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005840	+0.017%	$316K	$260K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005831	−0.136%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005820	−0.325%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005839	0.000%	$134K	$270K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005818	−0.360%	$432K	$105K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005830	−0.154%	$12.4M	$203K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005824	−0.257%	$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 BRETTUSDTshort	+0.0100%	4h	0.005817	−0.377%	$1.4M	$577K	50x
BingX BRETT-USDT	+0.0100%	4h	0.005828	−0.188%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005811	−0.481%	$43K	$104K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.0620%	1h	0.005814	−0.434%	$43K	$76K	10x	as long as short