Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GMX against Gate+0.204%7-day average — · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.204% dearer against Gate than usual: you sell high and buy low (spread +0.204% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BRETT_USDT	0.005893	0.0100	pay 0.0050% / 4h	3h 35m	$438K	$108K	25x
Short	GMX BRETT/USD [ETH-USDC]	0.005905	L 0.0000% / S 0.0000%	get 0.0000% / 1h	35m 26s	—	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.204%Rate

Funding earned: −$21
Price spread: +0.204% → 0.000%: $20.36
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$27.64
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 35 min ago; GMX: 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 Gate live order book, 35 min ago	10.27 bp	271.5 bp −$271	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L 0.0000% / S 0.0000%	1h	0.005905	+0.204%	—	—	100x
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−0.916%	$61	$854	5.5x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005921	+0.467%	$1.2M	$2.5M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005907	+0.238%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005911	+0.305%	$133K	$260K	10x	as long as short
Gate BRETT_USDTlong	+0.0100%	4h	0.005893	long leg	$438K	$108K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005920	+0.458%	$12.7M	$211K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005886	−0.119%	$311K	$80K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005900	+0.119%	$1.4M	$638K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005911	+0.305%	—	$1.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005910	+0.290%	$59K	$98K	—	as long as short
BloFin BRETT-USDT	+0.0115%	4h	0.005902	+0.153%	$58K	$186K	50x	as long as short
Hyperliquid BRETT	+0.0329%	1h	0.005924	+0.526%	$320K	$253K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.1041%	1h	0.005908	+0.260%	$48K	$73K	10x	as long as short