Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GMX against Bitget+0.035%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on GMX

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

The price spread pays, funding is against you. GMX is 0.035% dearer against Bitget than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BRETTUSDT	0.005676	0.0100	pay 0.0050% / 4h	1h 28m	$1.3M	$480K	50x
Short	GMX BRETT/USD [ETH-USDC]	0.005678	L 0.0000% / S 0.0000%	get 0.0000% / 1h	28m 50s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21
Price spread: +0.035% → 0.000%: $3.52
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$41.48
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	9.68 bp	134.8 bp −$135	312.3 bp −$3,123	doesn't fit	doesn't fit
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 exchanges

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	0.005678	+0.035%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+2.872%	$61	$854	5.5x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005692	+0.282%	$303K	$298K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005688	+0.213%	$1.2M	$2.8M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005680	+0.070%	$2.1M	$2.1M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005689	+0.229%	$140K	$411K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005670	−0.106%	$410K	$93K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005684	+0.141%	$12.0M	$213K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005674	−0.035%	$276K	$108K	30x	as long as short
Bitget BRETTUSDTlong	+0.0100%	4h	0.005676	long leg	$1.3M	$480K	50x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005681	+0.088%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005673	−0.050%	$42K	$95K	—	as long as short
BloFin BRETT-USDT	+0.0121%	4h	0.005695	+0.335%	$56K	$197K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.1271%	1h	0.005686	+0.185%	$38K	$105K	10x	as long as short