Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Bybit against BingX−0.051%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1691.686% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.051%, 7d avg −0.075%

Together, before fees−0.063%−$6 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 0.024% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BRETT-USDT	0.005842	0.0100	pay 0.0050% / 4h	2h 20m	—	$1.4M	—
Short	Bybit BRETTUSDT	0.005839	0.0100	get 0.0050% / 4h	2h 20m	$2.1M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.075%: $2.38
Slippage, 4 orders: −$147.59
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$166.21
Costs to cover: 1.686%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 1 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 BingX live order book, 6 min ago	9.41 bp	33.9 bp −$34	99.5 bp −$995	647.8 bp −$64.8K	915.3 bp −$457.7K
Sell Bybit live order book, 1 min ago	5.14 bp	43.8 bp −$44	187.5 bp −$1,875	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	0.005835	−0.120%	—	—	100x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005847	+0.086%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005839	−0.051%	$2.1M	$1.8M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005856	+0.240%	$134K	$257K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005831	−0.188%	$436K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005848	+0.103%	$12.5M	$211K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005831	−0.188%	$326K	$72K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005834	−0.137%	$1.4M	$623K	50x	as long as short
BingX BRETT-USDTlong	+0.0100%	4h	0.005842	long leg	—	$1.4M	—
Variational Omni BRETT	+0.0100%	4h	0.005846	+0.063%	$53K	$102K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDT	+0.0151%	4h	0.005854	+0.205%	$58K	$172K	50x	as long as short
Hyperliquid BRETT	+0.0611%	1h	0.005855	+0.223%	$340K	$210K	3x	as long as short
Injective BRETT/USDC PERP	+0.0825%	1h	0.005839	−0.051%	$61	$854	5.5x	as long as short
Kraken Futures PF_BRETTUSD	+0.1053%	1h	0.005849	+0.126%	$44K	$70K	10x	as long as short