Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.059%7-day average −0.014% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.059%, 7d avg −0.014%

Together, before fees−0.321%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.074% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BRETT	0.005980	0.0100	pay 0.0050% / 4h	3h 50m	$44K	$105K	—
Short	Bybit BRETTUSDT	0.005984	0.0100	get 0.0050% / 4h	3h 50m	$2.2M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.014%: $7.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$3.64
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 1 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 Variational Omni RFQ quote, 3 min ago	9.23 bp	doesn't fit	133.4 bp −$1,334	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	9.19 bp	27.7 bp −$28	132.9 bp −$1,329	doesn't fit	doesn't fit

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	0.005973	−0.125%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−2.365%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0092%	4h	0.005948	−0.543%	$58K	$205K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005999	+0.310%	$325K	$260K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005988	+0.121%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005984	+0.059%	$2.2M	$1.9M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005995	+0.243%	$140K	$284K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005984	+0.059%	$433K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005991	+0.176%	$12.8M	$205K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005992	+0.193%	$294K	$104K	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	0.005979	−0.024%	$1.4M	$576K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005981	+0.009%	—	$1.4M	—	as long as short
Variational Omni BRETTlong	+0.0100%	4h	0.005980	long leg	$44K	$105K	—
Kraken Futures PF_BRETTUSD	+0.0631%	1h	0.005979	−0.017%	$46K	$76K	10x	as long as short