Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.005%

Price spread now: Injective against Bitget+0.759%51s7-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 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

The price spread pays, funding is against you. Injective is 0.759% dearer against Bitget than usual: you sell high and buy low (spread +0.759% now, against zero (this spread has no 7-day history yet)): +$76 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 days. The two prices were read 51 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	Bitget BRETTUSDT	0.005795	0.0100	pay 0.0050% / 4h	3h 52m	$1.4M	$604K	50x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	52m 22s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.759%Rate

Funding earned: −$14
Price spread: +0.759% → 0.000%: $75.93
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $49.91
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	10.36 bp	151.7 bp −$152	323.4 bp −$3,234	doesn't fit	doesn't fit
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 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	0.005798	+0.052%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	+0.759%	$61	$854	5.5x
Hyperliquid BRETT	+0.0100%	1h	0.005809	+0.242%	$314K	$289K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005810	+0.256%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005800	+0.086%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005797	+0.035%	$420K	$106K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005805	+0.173%	$12.3M	$234K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005798	+0.052%	$280K	$116K	30x	as long as short
Bitget BRETTUSDTlong	+0.0100%	4h	0.005795	long leg	$1.4M	$604K	50x
Variational Omni BRETT	+0.0100%	4h	0.005793	−0.034%	$43K	$105K	—	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	+0.0144%	4h	0.005800	+0.086%	$57K	$205K	50x	as long as short
OKX BRETT-USDT-SWAP	+0.0497%	4h	0.005810	+0.259%	$148K	$416K	10x	as long as short
BingX BRETT-USDT	+0.0504%	4h	0.005800	+0.086%	—	$1.4M	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1506%	1h	0.005811	+0.280%	$39K	$105K	10x	as long as short