Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%

Price spread now: Hyperliquid against MEXC+0.052%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1331.328% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.052%, 7d avg +0.073%

Together, before fees+0.020%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BRETT_USDT	0.005802	0.0100	pay 0.0050% / 4h	2h 13m	$12.3M	$237K	200x
Short	Hyperliquid BRETT	0.005805	0.0100	get 0.0013% / 1h	13m 39s	$312K	$282K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.073%: −$2.15
Slippage, 4 orders: −$123.83
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$134.98
Costs to cover: 1.328%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Hyperliquid: live order book, 56 min ago.

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 MEXC live order book, 5 min ago	2.60 bp	22.6 bp −$23	176.0 bp −$1,760	289.7 bp −$29.0K	305.1 bp −$152.6K
Sell Hyperliquid live order book, 56 min ago	2.53 bp	33.8 bp −$34	doesn't fit	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	0.005784	−0.310%	—	—	100x	as long as short
Injective BRETT/USDC PERP	+0.0033%	1h	0.005839	+0.638%	$61	$854	5.5x	as long as short
BloFin BRETT-USDT	+0.0095%	4h	0.005767	−0.603%	$56K	$218K	50x	as long as short
Hyperliquid BRETTshort	+0.0100%	1h	0.005805	+0.052%	$312K	$282K	3x
Binance BRETTUSDT	+0.0100%	4h	0.005802	0.000%	$1.2M	$2.8M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005792	−0.172%	$2.1M	$2.1M	25x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005776	−0.448%	$418K	$114K	25x	as long as short
MEXC BRETT_USDTlong	+0.0100%	4h	0.005802	long leg	$12.3M	$237K	200x
KuCoin BRETTUSDTM	+0.0100%	4h	0.005795	−0.121%	$283K	$112K	30x	as long as short
Bitget BRETTUSDT	+0.0100%	4h	0.005780	−0.379%	$1.3M	$614K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BRETT	+0.0100%	4h	0.005762	−0.697%	$42K	$105K	—	as long as short
BingX BRETT-USDT	+0.0256%	4h	0.005791	−0.190%	—	$1.4M	—	as long as short
OKX BRETT-USDT-SWAP	+0.0327%	4h	0.005810	+0.138%	$144K	$355K	10x	as long as short
Kraken Futures PF_BRETTUSD	+0.1656%	1h	0.005792	−0.178%	$40K	$91K	10x	as long as short