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: Variational Omni against Hyperliquid−0.155%7-day average −0.174% · you buy dearer than you sell

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.355%+$35 · spread now −0.155%, 7d avg −0.174%

Together, before fees+0.317%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BRETT	0.005797	0.0100	pay 0.0013% / 1h	48m 35s	$313K	$259K	3x
Short	Variational Omni BRETT	0.005788	0.0100	get 0.0050% / 4h	48m 35s	$42K	$104K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.174%: $1.82
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.18
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 41 min ago; Variational Omni: RFQ quote, 10 min ago. 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 Hyperliquid live order book, 41 min ago	2.56 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	8.64 bp	doesn't fit	134.8 bp −$1,348	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	0.005767	−0.518%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.725%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0055%	4h	0.005761	−0.621%	$57K	$186K	50x	as long as short
Hyperliquid BRETTlong	+0.0100%	1h	0.005797	long leg	$313K	$259K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005784	−0.231%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005778	−0.328%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005780	−0.293%	$132K	$267K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005781	−0.276%	$429K	$105K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005783	−0.242%	$12.3M	$203K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005780	−0.293%	$305K	$79K	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	0.005773	−0.414%	$1.3M	$579K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005787	−0.173%	—	$1.4M	—	as long as short
Variational Omni BRETTshort	+0.0100%	4h	0.005788	−0.155%	$42K	$104K	—
Kraken Futures PF_BRETTUSD	+0.0624%	1h	0.005775	−0.386%	$43K	$76K	10x	as long as short