Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.005%

Price spread now: Injective against Binance−1.335%77s7-day average — · you buy dearer than you sell

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

Long on Binance 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 1.335% cheaper against Binance than usual: you would sell low and buy high (−$133 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 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	Binance BRETTUSDT	0.005918	0.0100	pay 0.0050% / 4h	3h 36m	$1.2M	$2.5M	50x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	36m 08s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.335%Rate

Funding earned: −$14
Price spread: −1.335% → 0.000%: −$133.49
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$157.51
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	3.41 bp	35.4 bp −$35	244.3 bp −$2,443	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	0.005905	−0.220%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	−1.335%	$61	$854	5.5x
Binance BRETTUSDTlong	+0.0100%	4h	0.005918	long leg	$1.2M	$2.5M	50x
Bybit BRETTUSDT	+0.0100%	4h	0.005902	−0.270%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005920	+0.034%	$133K	$260K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005893	−0.422%	$438K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005913	−0.084%	$12.6M	$211K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005879	−0.659%	$310K	$80K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005899	−0.321%	$1.4M	$638K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005898	−0.338%	—	$1.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005910	−0.134%	$59K	$98K	—	as long as short
BloFin BRETT-USDT	+0.0115%	4h	0.005902	−0.270%	$58K	$186K	50x	as long as short
Hyperliquid BRETT	+0.0347%	1h	0.005926	+0.135%	$320K	$253K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1039%	1h	0.005919	+0.019%	$48K	$73K	10x	as long as short