Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0620%/8h= −67.9% APRpaid last 24h −0.057%

Price spread now: GMX against BingX−0.258%7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$19 a day on $10k at the current rate, and GMX is 0.258% cheaper against BingX than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BRETT-USDT	0.005820	0.0620	pay 0.0310% / 4h	1h 03m	—	$1.4M	—
Short	GMX BRETT/USD [ETH-USDC]	0.005805	L 0.0000% / S 0.0000%	get 0.0000% / 1h	3m 31s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.258%Rate

Funding earned: −$130.2
Price spread: −0.258% → 0.000%: −$25.77
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$177.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 min ago; GMX: 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 BingX live order book, 12 min ago	9.44 bp	33.3 bp −$33	93.7 bp −$937	606.2 bp −$60.6K	908.9 bp −$454.4K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L 0.0000% / S 0.0000%	1h	0.005805	−0.258%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.326%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0076%	4h	0.005839	+0.326%	$57K	$208K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005820	−0.003%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005814	−0.103%	$2.2M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005821	+0.017%	$421K	$113K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005819	−0.017%	$12.3M	$236K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005835	+0.258%	$281K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005813	−0.120%	$1.4M	$613K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005830	+0.171%	$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 BRETT	+0.0228%	1h	0.005826	+0.103%	$315K	$289K	3x	as long as short
BingX BRETT-USDTlong	+0.0620%	4h	0.005820	long leg	—	$1.4M	—
OKX BRETT-USDT-SWAP	+0.0646%	4h	0.005820	0.000%	$146K	$395K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1219%	1h	0.005812	−0.132%	$39K	$109K	10x	as long as short