Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0067%/8hpaid last 24h +0.006%

Price spread now: Variational Omni against Injective+7.672%76s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 7.672% dearer against Injective than usual: you sell high and buy low: +$767 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 76 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	0.005389	0.0033	pay 0.0004% / 1h	6m 12s	$791	$5K	5.5x
Short	Variational Omni BRETT	0.005802	0.0100	get 0.0050% / 4h	6m 12s	$52K	$127K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now +7.672%Rate

Funding earned: $14
Price spread: +7.672% → 0.000%: $767.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $781.23
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 27 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 Variational Omni RFQ quote, 27 min ago	9.48 bp	doesn't fit	168.0 bp −$1,680	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	0.005805	+7.719%	—	—	100x	as long as short
Injective BRETT/USDC PERPlong	+0.0033%	1h	0.005389	long leg	$791	$5K	5.5x
Binance BRETTUSDT	+0.0100%	4h	0.005819	+7.988%	$1.2M	$2.4M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005812	+7.849%	$2.1M	$1.8M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005823	+8.053%	$132K	$264K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005813	+7.868%	$436K	$109K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005819	+7.979%	$12.5M	$204K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005821	+8.016%	$331K	$74K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005807	+7.757%	$1.4M	$671K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005813	+7.868%	—	$1.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETTshort	+0.0100%	4h	0.005802	+7.672%	$52K	$127K	—
BloFin BRETT-USDT	+0.0102%	4h	0.005812	+7.849%	$58K	$162K	50x	as long as short
Hyperliquid BRETT	+0.0114%	1h	0.005827	+8.128%	$316K	$195K	3x	as long as short
Kraken Futures PF_BRETTUSD	+0.0277%	1h	0.005817	+7.935%	$35K	$61K	10x	as long as short