Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.020%

Price spread now: BloFin against Injective−0.274%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 BloFin

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. BloFin is 0.274% cheaper against Injective than usual: you would sell low and buy high (spread −0.274% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 14 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	29m 42s	$61	$854	5.5x
Short	BloFin BRETT-USDT	0.005823	0.0099	get 0.0050% / 4h	1h 29m	$57K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.274%Rate

Funding earned: $13.88
Price spread: −0.274% → 0.000%: −$27.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.54
Costs to cover: 0.120%
Break-even: 19.9 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 46 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 BloFin live order book, 46 min ago	5.19 bp	33.4 bp −$33	126.8 bp −$1,268	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	0.005804	−0.599%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDTshort	+0.0099%	4h	0.005823	−0.274%	$57K	$208K	50x
Binance BRETTUSDT	+0.0100%	4h	0.005822	−0.291%	$1.2M	$2.9M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005814	−0.428%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005816	−0.394%	$421K	$112K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005822	−0.291%	$12.3M	$233K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005811	−0.480%	$276K	$113K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005814	−0.428%	$1.4M	$613K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005807	−0.540%	$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 BRETT	+0.0174%	1h	0.005825	−0.240%	$312K	$282K	3x	as long as short
BingX BRETT-USDT	+0.0474%	4h	0.005827	−0.206%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0513%	4h	0.005836	−0.051%	$146K	$370K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1218%	1h	0.005816	−0.386%	$40K	$91K	10x	as long as short