Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%

Price spread now: Hyperliquid against Bitget+0.355%7-day average +0.216% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2432.426% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.355%, 7d avg +0.216%

Together, before fees−0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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: Hyperliquid is 0.138% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BRETTUSDT	0.005923	0.0100	pay 0.0050% / 4h	1m 26s	$1.4M	$572K	50x
Short	Hyperliquid BRETT	0.005944	0.0100	get 0.0013% / 1h	1m 26s	$321K	$261K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.355%Rate

Funding earned: $0
Price spread: +0.355% → +0.216%: $13.85
Slippage, 4 orders: −$221.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$228.8
Costs to cover: 2.426%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Hyperliquid: live order book, 18 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 Bitget live order book, 5 min ago	10.24 bp	97.5 bp −$98	288.2 bp −$2,882	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 18 min ago	2.56 bp	42.1 bp −$42	doesn't fit	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	0.005916	−0.118%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.418%	$61	$854	5.5x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005944	+0.355%	$321K	$261K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005934	+0.186%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005926	+0.051%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005941	+0.304%	$139K	$278K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005918	−0.084%	$428K	$121K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005934	+0.186%	$12.7M	$207K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005926	+0.051%	$291K	$104K	30x	as long as short
Bitget BRETTUSDTlong	+0.0100%	4h	0.005923	long leg	$1.4M	$572K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005926	+0.051%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005862	−1.030%	$43K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0132%	4h	0.005882	−0.692%	$57K	$192K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.0609%	1h	0.005915	−0.130%	$45K	$80K	10x	as long as short