Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0560%/8h= +61.3% APRpaid last 24h +0.024%

Price spread now: Hyperliquid against Gate+0.309%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$954as in the Funding arb table

Net, price: spread back to 7d avg − costs−$944as in the Price arb table

costs, in and out, $10k−$9579.565% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.309%, 7d avg +0.187%

Together, before fees−0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.122% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.187%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BRETT_USDT	0.005829	0.0100	pay 0.0050% / 4h	2h 33m	$436K	$109K	25x
Short	Hyperliquid BRETT	0.005847	0.0660	get 0.0082% / 1h	33m 38s	$339K	$209K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.309%Rate

Funding earned: $117.56
Price spread: +0.309% → +0.187%: $12.18
Slippage, 4 orders: −$932.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$826.77
Costs to cover: 9.565%
Break-even: 56.2 days

Slippage from Gate: live order book, 51 min ago; Hyperliquid: live order book, 50 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 Gate live order book, 51 min ago	7.70 bp	512.2 bp −$512	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 50 min ago	1.71 bp	42.2 bp −$42	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	0.005827	−0.034%	—	—	100x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005836	+0.120%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005825	−0.069%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005845	+0.274%	$133K	$256K	10x	as long as short
Gate BRETT_USDTlong	+0.0100%	4h	0.005829	long leg	$436K	$109K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005837	+0.137%	$12.5M	$210K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005826	−0.051%	$325K	$72K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005824	−0.086%	$1.4M	$623K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005835	+0.103%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005826	−0.046%	$53K	$102K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BRETT-USDT	+0.0154%	4h	0.005847	+0.309%	$59K	$171K	50x	as long as short
Hyperliquid BRETTshort	+0.0660%	1h	0.005847	+0.309%	$339K	$209K	3x
Injective BRETT/USDC PERP	+0.0825%	1h	0.005839	+0.172%	$61	$854	5.5x	as long as short
Kraken Futures PF_BRETTUSD	+0.1055%	1h	0.005837	+0.142%	$44K	$70K	10x	as long as short