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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−1.106%7-day average +0.019% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+2.233%+$223 · spread now −1.106%, 7d avg +0.019%

Together, before fees+2.233%+ Points / potential airdropVariational Omni: Active · farm board+$223 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: Variational Omni is 1.125% cheaper against Bybit than usual: you would sell low and buy high, −$113 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BRETTUSDT	0.005879	0.0100	pay 0.0050% / 4h	2h 03m	$2.1M	$1.9M	25x
Short	Variational Omni BRETT	0.005814	0.0100	get 0.0050% / 4h	2h 03m	$43K	$105K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −1.106%Rate

Funding earned: $0
Price spread: −1.106% → +0.019%: −$112.54
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$123.54
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, just now. 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, 3 min ago	6.01 bp	30.4 bp −$30	141.5 bp −$1,415	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	6.80 bp	doesn't fit	141.1 bp −$1,411	doesn't fit	doesn't fit

BRETT on 13 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	0.005879	0.000%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.680%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005881	+0.034%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDTlong	+0.0100%	4h	0.005879	long leg	$2.1M	$1.9M	25x
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005890	+0.187%	$135K	$271K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005873	−0.102%	$435K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005885	+0.102%	$12.6M	$212K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005869	−0.170%	$310K	$87K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005871	−0.136%	$1.4M	$602K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005883	+0.068%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETTshort	+0.0100%	4h	0.005814	−1.106%	$43K	$105K	—
Hyperliquid BRETT	+0.0196%	1h	0.005890	+0.187%	$321K	$253K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1519%	1h	0.005880	+0.019%	$44K	$75K	10x	as long as short