Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.029%

Price spread now: Injective against BloFin−0.256%474s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$1 a day on $10k at the current rate, and Injective is 0.256% cheaper against BloFin 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. The two prices were read 474 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	BloFin BRETT-USDT	0.005854	0.0077	pay 0.0038% / 4h	2h 40m	$58K	$189K	50x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	40m 43s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −0.256%Rate

Funding earned: −$9.16
Price spread: −0.256% → 0.000%: −$25.62
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$46.81
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 19 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 BloFin live order book, 19 min ago	6.81 bp	36.6 bp −$37	175.0 bp −$1,750	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	0.005797	−0.974%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	−0.256%	$61	$854	5.5x
BloFin BRETT-USDTlong	+0.0077%	4h	0.005854	long leg	$58K	$189K	50x
Hyperliquid BRETT	+0.0100%	1h	0.005803	−0.871%	$315K	$256K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005794	−1.029%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005785	−1.179%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005800	−0.922%	$133K	$273K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005801	−0.905%	$430K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005801	−0.905%	$12.4M	$208K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005809	−0.769%	$311K	$88K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005780	−1.264%	$1.4M	$633K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005800	−0.922%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005799	−0.946%	$43K	$114K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.1538%	1h	0.005807	−0.807%	$44K	$76K	10x	as long as short