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% APRpaid last 24h −0.034%

Price spread now: Bitget against Hyperliquid−0.370%7-day average −0.216% · you buy dearer than you sell

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2562.561% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.370%, 7d avg −0.216%

Together, before fees+0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 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: Bitget is 0.154% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005948	0.0100	pay 0.0013% / 1h	0m 55s	$321K	$261K	3x
Short	Bitget BRETTUSDT	0.005926	0.0100	get 0.0050% / 4h	0m 55s	$1.4M	$572K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now −0.370%Rate

Funding earned: $0
Price spread: −0.370% → −0.216%: −$15.38
Slippage, 4 orders: −$235.07
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$271.45
Costs to cover: 2.561%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 19 min ago; Bitget: live order book, 1 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 Hyperliquid live order book, 19 min ago	2.56 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	10.14 bp	82.0 bp −$82	228.0 bp −$2,280	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	0.005916	−0.538%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−1.833%	$61	$854	5.5x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005948	long leg	$321K	$261K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005938	−0.168%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005926	−0.370%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005941	−0.118%	$139K	$278K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005921	−0.454%	$429K	$121K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005937	−0.185%	$12.7M	$207K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005926	−0.370%	$291K	$104K	30x	as long as short
Bitget BRETTUSDTshort	+0.0100%	4h	0.005926	−0.370%	$1.4M	$572K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BRETT-USDT	+0.0100%	4h	0.005925	−0.387%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005925	−0.387%	$43K	$104K	—	as long as short
BloFin BRETT-USDT	+0.0149%	4h	0.005882	−1.110%	$58K	$192K	50x	as long as short
Kraken Futures PF_BRETTUSD	+0.0608%	1h	0.005929	−0.320%	$45K	$80K	10x	as long as short