Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: OKX against Hyperliquid−0.117%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2622.619% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.117%, 7d avg −0.007%

Together, before fees+0.163%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 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: OKX is 0.109% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005996	0.0100	pay 0.0013% / 1h	50m 58s	$325K	$260K	3x
Short	OKX BRETT-USDT-SWAP	0.005989	0.0100	get 0.0050% / 4h	3h 50m	$140K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.007%: −$10.93
Slippage, 4 orders: −$242.89
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$272.82
Costs to cover: 2.619%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 29 min ago; OKX: live order book, 64 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, 29 min ago	2.56 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 64 min ago	9.44 bp	87.0 bp −$87	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	0.005974	−0.367%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	−2.618%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0092%	4h	0.005948	−0.801%	$58K	$205K	50x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005996	long leg	$325K	$260K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005993	−0.050%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005984	−0.200%	$2.2M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAPshort	+0.0100%	4h	0.005989	−0.117%	$140K	$283K	10x
Gate BRETT_USDT	+0.0100%	4h	0.005976	−0.334%	$432K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005985	−0.183%	$12.8M	$205K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005972	−0.400%	$293K	$104K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005983	−0.217%	$1.4M	$576K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005978	−0.300%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005980	−0.259%	$44K	$105K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.0631%	1h	0.005979	−0.277%	$46K	$80K	10x	as long as short