Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit+0.052%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$938as in the Funding arb table

Net, price: spread back to 7d avg − costs−$933as in the Price arb table

costs, in and out, $10k−$9389.383% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.052%, 7d avg +0.002%

Together, before fees−0.171%−$17 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: Gate is 0.050% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BRETTUSDT	0.005798	0.0100	pay 0.0050% / 4h	3h 48m	$2.1M	$2.3M	25x
Short	Gate BRETT_USDT	0.005801	0.0100	get 0.0050% / 4h	3h 48m	$420K	$106K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.002%: $4.97
Slippage, 4 orders: −$912.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$933.3
Costs to cover: 9.383%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 47 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 Bybit live order book, 4 min ago	5.17 bp	26.5 bp −$27	410.0 bp −$4,100	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	9.47 bp	425.8 bp −$426	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	0.005800	+0.034%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.707%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0091%	4h	0.005813	+0.259%	$57K	$206K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005815	+0.293%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005798	long leg	$2.1M	$2.3M	25x
Gate BRETT_USDTshort	+0.0100%	4h	0.005801	+0.052%	$420K	$106K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005815	+0.293%	$12.3M	$234K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005802	+0.069%	$280K	$116K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005802	+0.069%	$1.4M	$604K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005802	+0.070%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETT	+0.0213%	1h	0.005819	+0.362%	$314K	$289K	3x	as long as short
BingX BRETT-USDT	+0.0472%	4h	0.005803	+0.086%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0475%	4h	0.005817	+0.328%	$147K	$417K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1507%	1h	0.005809	+0.189%	$39K	$105K	10x	as long as short