Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.005%

Price spread now: Injective against Bybit+2.601%108s7-day average — · you sell dearer than you buy

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

Long on Bybit 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 2.601% dearer against Bybit than usual: you sell high and buy low (spread +2.601% now, against zero (this spread has no 7-day history yet)): +$260 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 108 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	Bybit BRETTUSDT	0.005691	0.0100	pay 0.0050% / 4h	2h 31m	$2.1M	$2.1M	25x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	31m 35s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now +2.601%Rate

Funding earned: −$14
Price spread: +2.601% → 0.000%: $260.06
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $235.04
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, just now; 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 Bybit live order book, just now	5.27 bp	27.2 bp −$27	242.4 bp −$2,424	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	0.005694	+0.053%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	+2.601%	$61	$854	5.5x
BloFin BRETT-USDT	+0.0083%	4h	0.005687	−0.070%	$57K	$215K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005699	+0.146%	$1.2M	$2.8M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005691	long leg	$2.1M	$2.1M	25x
Gate BRETT_USDT	+0.0100%	4h	0.005693	+0.035%	$412K	$113K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005697	+0.105%	$12.1M	$219K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005711	+0.351%	$282K	$112K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005690	−0.018%	$1.3M	$611K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005771	+1.408%	$42K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0107%	4h	0.005699	+0.141%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0145%	4h	0.005702	+0.193%	$141K	$342K	10x	as long as short
Hyperliquid BRETT	+0.0202%	1h	0.005705	+0.246%	$312K	$276K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1684%	1h	0.005695	+0.070%	$39K	$89K	10x	as long as short