Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.022%

Price spread now: Injective against BingX−0.137%72s7-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 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 0.137% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 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	BingX BRETT-USDT	0.005847	0.0100	pay 0.0050% / 4h	2h 22m	—	$1.4M	—
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	22m 07s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now −0.137%Rate

Funding earned: −$14
Price spread: −0.137% → 0.000%: −$13.68
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$37.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 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 BingX live order book, 5 min ago	1.71 bp	49.5 bp −$50	147.4 bp −$1,474	650.5 bp −$65.0K	886.7 bp −$443.3K
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 13 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	0.005841	−0.103%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	−0.137%	$61	$854	5.5x
Binance BRETTUSDT	+0.0100%	4h	0.005849	+0.034%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005844	−0.051%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005851	+0.068%	$134K	$271K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005847	0.000%	$433K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005854	+0.120%	$12.5M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005847	0.000%	$309K	$89K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005842	−0.086%	$1.4M	$612K	50x	as long as short
BingX BRETT-USDTlong	+0.0100%	4h	0.005847	long leg	—	$1.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005863	+0.274%	$43K	$114K	—	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005856	+0.154%	$317K	$255K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1526%	1h	0.005851	+0.072%	$44K	$75K	10x	as long as short