Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.005%

Price spread now: Bybit against Injective−0.308%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.308% cheaper against Injective than usual: you would sell low and buy high (spread −0.308% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 15 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRETT/USDC PERP	0.005839	0.0033	pay 0.0004% / 1h	38m 44s	$61	$854	5.5x
Short	Bybit BRETTUSDT	0.005821	0.0100	get 0.0050% / 4h	38m 44s	$2.2M	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now −0.308%Rate

Funding earned: $14
Price spread: −0.308% → 0.000%: −$30.83
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.85
Costs to cover: 0.110%
Break-even: 20.9 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	5.98 bp	27.4 bp −$27	128.1 bp −$1,281	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.005820	−0.325%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDT	+0.0089%	4h	0.005831	−0.137%	$56K	$212K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005834	−0.091%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDTshort	+0.0100%	4h	0.005821	−0.308%	$2.2M	$2.3M	25x
Gate BRETT_USDT	+0.0100%	4h	0.005823	−0.274%	$421K	$111K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005836	−0.051%	$12.3M	$234K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005830	−0.154%	$280K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005822	−0.291%	$1.4M	$609K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005854	+0.263%	$43K	$105K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid BRETT	+0.0101%	1h	0.005846	+0.120%	$314K	$290K	3x	as long as short
BingX BRETT-USDT	+0.0654%	4h	0.005836	−0.051%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0719%	4h	0.005837	−0.034%	$148K	$402K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1296%	1h	0.005827	−0.204%	$39K	$105K	10x	as long as short