Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.005%

Price spread now: Injective against KuCoin+0.568%115s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

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

The price spread pays, funding is against you. Injective is 0.568% dearer against KuCoin than usual: you sell high and buy low (spread +0.568% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 days. The two prices were read 115 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	KuCoin BRETTUSDTM	0.005806	0.0100	pay 0.0050% / 4h	39m 29s	$306K	$79K	30x
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	39m 29s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +0.568%Rate

Funding earned: −$14
Price spread: +0.568% → 0.000%: $56.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $30.82
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 42 min ago; Injective: no order-book sample. 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 KuCoin live order book, 42 min ago	11.05 bp	206.9 bp −$207	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	0.005799	−0.121%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	+0.568%	$61	$854	5.5x
BloFin BRETT-USDT	+0.0087%	4h	0.005826	+0.344%	$57K	$185K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005815	+0.155%	$315K	$259K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005805	−0.017%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005798	−0.138%	$2.1M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005819	+0.224%	$133K	$270K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005812	+0.103%	$431K	$105K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005809	+0.052%	$12.4M	$204K	200x	as long as short
KuCoin BRETTUSDTMlong	+0.0100%	4h	0.005806	long leg	$306K	$79K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005807	+0.017%	$1.4M	$577K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005807	+0.017%	—	$1.4M	—	as long as short
Variational Omni BRETT	+0.0100%	4h	0.005811	+0.085%	$43K	$104K	—	as long as short
Kraken Futures PF_BRETTUSD	+0.0620%	1h	0.005814	+0.144%	$43K	$76K	10x	as long as short