Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.037%

Price spread now: Gate against Hyperliquid−0.420%7-day average −0.194% · you buy dearer than you sell

Net, funding: paid 7d − costs−$851as in the Funding arb table

Net, price: spread back to 7d avg − costs−$870as in the Price arb table

costs, in and out, $10k−$8488.476% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now −0.420%, 7d avg −0.194%

Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 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: Gate is 0.226% cheaper against Hyperliquid than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.194%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005708	0.0100	pay 0.0013% / 1h	23m 35s	$312K	$276K	3x
Short	Gate BRETT_USDT	0.005684	0.0100	get 0.0050% / 4h	2h 23m	$411K	$113K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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 HyperliquidbpFee GatebpOrdersPrice spread, now −0.420%Rate

Funding earned: $0
Price spread: −0.420% → −0.194%: −$22.61
Slippage, 4 orders: −$823.64
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$870.24
Costs to cover: 8.476%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 46 min ago; Gate: live order book, 22 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, 46 min ago	2.53 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 22 min ago	3.41 bp	525.1 bp −$525	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	0.005693	−0.263%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+2.295%	$61	$854	5.5x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005708	long leg	$312K	$276K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005707	−0.015%	$1.2M	$2.8M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005686	−0.385%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDTshort	+0.0100%	4h	0.005684	−0.420%	$411K	$113K	25x
MEXC BRETT_USDT	+0.0100%	4h	0.005702	−0.105%	$12.1M	$235K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005696	−0.210%	$281K	$112K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005687	−0.368%	$1.3M	$611K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005666	−0.743%	$42K	$105K	—	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	+0.0118%	4h	0.005674	−0.596%	$57K	$214K	50x	as long as short
BingX BRETT-USDT	+0.0176%	4h	0.005693	−0.263%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0213%	4h	0.005706	−0.035%	$141K	$343K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1685%	1h	0.005692	−0.285%	$39K	$89K	10x	as long as short