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 −0.005%

Price spread now: Gate against Injective−0.754%84s7-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 Gate

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. Gate is 0.754% cheaper against Injective than usual: you would sell low and buy high (spread −0.754% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$75 on $10k: about 38 days of funding at the current rate (+$2 a day). The two prices were read 84 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	19m 54s	$61	$854	5.5x
Short	Gate BRETT_USDT	0.005795	0.0100	get 0.0050% / 4h	1h 19m	$433K	$108K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.754%Rate

Funding earned: $14
Price spread: −0.754% → 0.000%: −$75.36
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$76.38
Costs to cover: 0.150%
Break-even: 45.2 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 61 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 Gate live order book, 61 min ago	8.57 bp	402.8 bp −$403	doesn't fit	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	0.005789	−0.856%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDT	+0.0074%	4h	0.005800	−0.668%	$57K	$163K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005802	−0.634%	$308K	$242K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005796	−0.736%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005790	−0.839%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005809	−0.514%	$131K	$258K	10x	as long as short
Gate BRETT_USDTshort	+0.0100%	4h	0.005795	−0.754%	$433K	$108K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005797	−0.719%	$12.4M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005797	−0.719%	$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-USDT	+0.0100%	4h	0.005795	−0.754%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005800	−0.663%	$52K	$102K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1400%	1h	0.005797	−0.727%	$44K	$70K	10x	as long as short