Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: Variational Omni against Injective−0.110%106s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.110% cheaper against Injective than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 5.5 days of funding at the current rate (+$2 a day). The two prices were read 106 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	47m 34s	$61	$854	5.5x
Short	Variational Omni BRETT	0.005833	0.0100	get 0.0050% / 4h	2h 47m	$43K	$114K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.110%Rate

Funding earned: $14
Price spread: −0.110% → 0.000%: −$10.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.01
Costs to cover: 0.000%
Break-even: 5.5 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 21 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 Variational Omni RFQ quote, 21 min ago	10.11 bp	doesn't fit	146.6 bp −$1,466	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	0.005820	−0.325%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDT	+0.0077%	4h	0.005854	+0.257%	$58K	$189K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005846	+0.120%	$317K	$255K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005837	−0.029%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005827	−0.206%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005844	+0.086%	$134K	$273K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005835	−0.069%	$432K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005830	−0.154%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005844	+0.086%	$313K	$88K	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	0.005825	−0.240%	$1.4M	$632K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005839	0.000%	—	$1.4M	—	as long as short
Variational Omni BRETTshort	+0.0100%	4h	0.005833	−0.110%	$43K	$114K	—
Kraken Futures PF_BRETTUSD	+0.1529%	1h	0.005839	+0.009%	$44K	$76K	10x	as long as short