Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.041%

Price spread now: Hyperliquid against Binance−0.035%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1281.279% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.035%, 7d avg +0.080%

Together, before fees+0.116%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.116% cheaper against Binance than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.080%). If the spread goes back, that is −$12 on $10k: about 23 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BRETTUSDT	0.005815	0.0100	pay 0.0050% / 4h	3h 18m	$1.2M	$3.0M	50x
Short	Hyperliquid BRETT	0.005813	0.0117	get 0.0015% / 1h	18m 05s	$316K	$295K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now −0.035%Rate

Funding earned: $3.54
Price spread: −0.035% → +0.080%: −$11.55
Slippage, 4 orders: −$108.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$135.91
Costs to cover: 1.279%
Break-even: 275.5 days

Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 21 min ago.

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 Binance live order book, 2 min ago	4.31 bp	26.1 bp −$26	149.8 bp −$1,498	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 21 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	0.005796	−0.327%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.412%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0097%	4h	0.005799	−0.276%	$57K	$205K	50x	as long as short
Binance BRETTUSDTlong	+0.0100%	4h	0.005815	long leg	$1.2M	$3.0M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005802	−0.224%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005806	−0.155%	$421K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005811	−0.069%	$12.3M	$237K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005803	−0.207%	$280K	$114K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005797	−0.310%	$1.4M	$590K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005783	−0.548%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETTshort	+0.0117%	1h	0.005813	−0.035%	$316K	$295K	3x
BingX BRETT-USDT	+0.0356%	4h	0.005808	−0.121%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0392%	4h	0.005815	−0.001%	$147K	$416K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1508%	1h	0.005806	−0.164%	$39K	$105K	10x	as long as short