Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.041%

Price spread now: Hyperliquid against Variational Omni+0.212%7-day average +0.181% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.575%−$58 · spread now +0.212%, 7d avg +0.181%

Together, before fees−0.534%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$53 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: Hyperliquid is 0.032% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BRETT	0.005815	0.0100	pay 0.0050% / 4h	3h 15m	$43K	$105K	—
Short	Hyperliquid BRETT	0.005827	0.0100	get 0.0013% / 1h	15m 49s	$316K	$295K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → +0.181%: $3.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.83
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 18 min ago; Hyperliquid: live order book, 24 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, 18 min ago	11.29 bp	doesn't fit	131.2 bp −$1,312	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 24 min ago	0.87 bp	28.5 bp −$29	doesn't fit	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	0.005809	−0.097%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.419%	$61	$854	5.5x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005827	+0.212%	$316K	$295K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005827	+0.212%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005816	+0.023%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005820	+0.092%	$422K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005826	+0.195%	$12.3M	$237K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005817	+0.040%	$281K	$114K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005815	+0.006%	$1.4M	$588K	50x	as long as short
Variational Omni BRETTlong	+0.0100%	4h	0.005815	long leg	$43K	$105K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDT	+0.0106%	4h	0.005820	+0.092%	$56K	$206K	50x	as long as short
BingX BRETT-USDT	+0.0376%	4h	0.005823	+0.143%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0388%	4h	0.005822	+0.126%	$147K	$416K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1504%	1h	0.005820	+0.096%	$39K	$105K	10x	as long as short