Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: KuCoin against Injective+0.873%70s7-day average — · you sell dearer than you buy

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

Long on Injective Short on KuCoin

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.873% dearer against Injective than usual: you sell high and buy low: +$87 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	48m 02s	$61	$854	5.5x
Short	KuCoin BRETTUSDTM	0.005890	0.0100	get 0.0050% / 4h	2h 48m	$288K	$106K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.873%Rate

Funding earned: $14
Price spread: +0.873% → 0.000%: $87.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $89.32
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	17.83 bp	194.4 bp −$194	896.2 bp −$8,962	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	0.005876	+0.634%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDT	+0.0065%	4h	0.005883	+0.754%	$58K	$221K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005886	+0.805%	$1.2M	$2.7M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005881	+0.719%	$2.1M	$2.0M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005893	+0.925%	$150K	$305K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005879	+0.685%	$425K	$107K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005887	+0.822%	$12.5M	$208K	200x	as long as short
KuCoin BRETTUSDTMshort	+0.0100%	4h	0.005890	+0.873%	$288K	$106K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005880	+0.702%	$1.4M	$591K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005886	+0.805%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005878	+0.667%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0754%	1h	0.005892	+0.908%	$320K	$269K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1629%	1h	0.005885	+0.780%	$45K	$77K	10x	as long as short