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: MEXC against Injective−0.377%70s7-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 MEXC

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. MEXC is 0.377% cheaper against Injective than usual: you would sell low and buy high (spread −0.377% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 19 days of funding at the current rate (+$2 a day). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

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	16m 07s	$61	$854	5.5x
Short	MEXC BRETT_USDT	0.005817	0.0100	get 0.0050% / 4h	16m 07s	$12.3M	$236K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.377%Rate

Funding earned: $14
Price spread: −0.377% → 0.000%: −$37.68
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$23.7
Costs to cover: 0.000%
Break-even: 18.8 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	5.16 bp	19.3 bp −$19	161.4 bp −$1,614	282.4 bp −$28.2K	300.7 bp −$150.3K

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	0.005804	−0.599%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005839	long leg	$61	$854	5.5x
BloFin BRETT-USDT	+0.0047%	4h	0.005824	−0.257%	$57K	$206K	50x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005819	−0.348%	$1.2M	$3.0M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005809	−0.514%	$2.1M	$2.3M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005816	−0.394%	$422K	$111K	25x	as long as short
MEXC BRETT_USDTshort	+0.0100%	4h	0.005817	−0.377%	$12.3M	$236K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005808	−0.531%	$279K	$118K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005810	−0.497%	$1.4M	$608K	50x	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005789	−0.857%	$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	+0.0272%	1h	0.005824	−0.257%	$315K	$289K	3x	as long as short
BingX BRETT-USDT	+0.0594%	4h	0.005812	−0.462%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0617%	4h	0.005819	−0.343%	$148K	$406K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1300%	1h	0.005811	−0.484%	$39K	$105K	10x	as long as short