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: Injective against KuCoin−0.916%100s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.916% cheaper against KuCoin than usual: you would sell low and buy high (−$92 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	KuCoin BRETTUSDTM	0.005893	0.0100	pay 0.0050% / 4h	2h 47m	$289K	$106K	30x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	47m 42s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −0.916%Rate

Funding earned: −$14
Price spread: −0.916% → 0.000%: −$91.63
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$117.65
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 min ago; Injective: no order-book sample. 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 KuCoin live order book, 9 min ago	17.83 bp	223.6 bp −$224	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.288%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	−0.916%	$61	$854	5.5x
BloFin BRETT-USDT	+0.0065%	4h	0.005883	−0.170%	$58K	$221K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005885	−0.136%	$1.2M	$2.7M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005878	−0.255%	$2.1M	$2.0M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005893	0.000%	$151K	$305K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005878	−0.255%	$425K	$107K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005880	−0.221%	$12.5M	$208K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005893	long leg	$289K	$106K	30x
Bitget BRETTUSDT	+0.0100%	4h	0.005878	−0.255%	$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	0.005884	−0.153%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005878	−0.255%	$43K	$105K	—	as long as short
Hyperliquid BRETT	+0.0753%	1h	0.005892	−0.017%	$320K	$269K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1629%	1h	0.005885	−0.143%	$45K	$77K	10x	as long as short