Funding arb · Price arb /

BRETT

all BRETT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.005%

Price spread now: Injective against Variational Omni−2.365%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.365% cheaper against Variational Omni than usual: you would sell low and buy high (−$237 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BRETT	0.005980	0.0100	pay 0.0050% / 4h	3h 51m	$44K	$105K	—
Short	Injective BRETT/USDC PERP	0.005839	0.0033	get 0.0004% / 1h	51m 04s	$61	$854	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −2.365%Rate

Funding earned: −$14
Price spread: −2.365% → 0.000%: −$236.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$250.55
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	9.23 bp	doesn't fit	133.4 bp −$1,334	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	0.005974	−0.108%	—	—	100x	as long as short
Injective BRETT/USDC PERPshort	+0.0033%	1h	0.005839	−2.365%	$61	$854	5.5x
BloFin BRETT-USDT	+0.0092%	4h	0.005948	−0.543%	$58K	$205K	50x	as long as short
Hyperliquid BRETT	+0.0100%	1h	0.005996	+0.260%	$325K	$260K	3x	as long as short
Binance BRETTUSDT	+0.0100%	4h	0.005993	+0.210%	$1.2M	$2.6M	50x	as long as short
Bybit BRETTUSDT	+0.0100%	4h	0.005984	+0.059%	$2.2M	$1.9M	25x	as long as short
OKX BRETT-USDT-SWAP	+0.0100%	4h	0.005989	+0.143%	$140K	$283K	10x	as long as short
Gate BRETT_USDT	+0.0100%	4h	0.005976	−0.074%	$432K	$108K	25x	as long as short
MEXC BRETT_USDT	+0.0100%	4h	0.005985	+0.076%	$12.8M	$205K	200x	as long as short
KuCoin BRETTUSDTM	+0.0100%	4h	0.005972	−0.141%	$293K	$104K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BRETTUSDT	+0.0100%	4h	0.005983	+0.043%	$1.4M	$576K	50x	as long as short
BingX BRETT-USDT	+0.0100%	4h	0.005978	−0.041%	—	$1.4M	—	as long as short
Variational Omni BRETTlong	+0.0100%	4h	0.005980	long leg	$44K	$105K	—
Kraken Futures PF_BRETTUSD	+0.0631%	1h	0.005979	−0.018%	$46K	$80K	10x	as long as short