First, I'd like the author to identify the "we" in "Are 'we' under any covenants."
The delusion among non-Hebrew Gentiles is this enduring false belief they are the "we" in the above question which would as I said be a self-induced delusion based upon 1900 years of mistaken identity in the historical record as to how non-Hebrew Gentiles come to think they were in any of the Hebrew Covenants which biblically speaking they were not, not ever, never. The history of the Hebrew Scripture reveals creation and a narrative between God and Adamites that culminates in God calling out one of His servants and making a covenant of promises with him and his biological seed. From the early pages of Genesis, we then see the personal history of that man named, Abram [the Hebrew] which midway through the "book" shifts to his promised seed, Isaac, born of Abram the Hebrew and his Hebrew wife, Sarai, who also happens to be his niece. From there the "book" ends focusing on Abram's grandson, Jacob, who becomes the recipient of the Abrahamic Covenant promises but before the "book" closes, events begin to shape up to set the stage for the next "book" on the history of this chosen family by God where we come to the end which ends with a coffin. But before that the focus changes to one of Jacob's son, his last-born named, Joseph, who becomes second-in-command to Pharaoh of Egypt and is used of God to save his family from a devastating famine and Jacob's blessing his twelve sons (and two grandsons, Ephraim and Manassas) and off we go into the "book" of Exodus and the dramatic history of this chosen family continues unabated as each succeeding generation of Hebrews in covenant with God receiving curses and blessings depending on their faithfulness to God and for the rest of the bible each and every "book" of what becomes known as the Hebrew Scripture we see this family being saved from famine, from their enemies, and from life itself as God continues His distinct and personal involvement with the seed of Abraham, a people called the children of Jacob (aka Israel, the name changed by God establishing the family covenant with him and his children and their descendants.
Galatians 3:29 (KJV 1900) — 29
And if ye be Christ’s, then are ye Abraham’s seed, and heirs according to the promise.
Galatians 3:26–29 (UASV) — 26 For you are all sons of God through faith in Christ Jesus. 27 For as many of you as were baptized into Christ have put on Christ. 28 There is neither Jew nor Greek, there is neither slave nor free man, there is neither male nor female; for you are all one in Christ Jesus. 29 And if you are of Christ, then you are of Abraham’s seed,
heirs according to promise.
Abraham’s seed] his spiritual descendants. Not lineal descent from Abraham, but spiritual kinship to him through a faith like his, determines whether we are heirs of the promise made to him.
J. R. Dummelow, ed., A Commentary on the Holy Bible (New York: The Macmillan Company, 1936), 952–953.
And if ye be Christ’s. If you belong to the Messiah, and are interested in his work.
Then are ye Abraham’s seed. The promise made to Abraham related to the Messiah. It was a promise that in him all should be blessed. Abraham believed in that Messiah, and was distinguished for his faith in him who was to come. If they believed in Christ, therefore, they showed that they were the spiritual descendants of Abraham. No matter whether they were Jews or Gentiles; whether they had been circumcised or not, they had the same spirit which he evinced, and were interested in the promises made to him.
And heirs according to the promise; see Rom. 8:17. Are heirs of God. You inherit the blessings promised to Abraham, and partake of the felicity to which he looked forward. You have become truly heirs of God, and this is in accordance with the promise made to Abraham. It is not by the obedience of the law; it is by faith—in the same way that Abraham possessed the blessing;—an arrangement before the giving of the law, and therefore one that may include all, whether Jews or Gentiles. All are on a level; and all are alike the children of God, and in the same manner, and on the same terms that Abraham was.
Albert Barnes, Notes on the New Testament: II Corinthians & Galatians (ed. Robert Frew; London: Blackie & Son, 1884–1885), 355–356.
If ye are Christ’s (εἰ δε ὑμεις Χριστου [ei de humeis Christou]). This is the test, not the accident of blood, pride of race or nation, habiliments or environment of dress or family, whether man or woman. Thus one comes to belong to the seed of Abraham and to be an heir according to promise.
A.T. Robertson, Word Pictures in the New Testament (Nashville, TN: Broadman Press, 1933), Ga 3:29.
29. and heirs—The oldest manuscripts omit “and.” Christ is “Abraham’s seed” (Ga 3:16): ye are “one in Christ” (Ga 3:28), and one with Christ, as having “put on Christ” (Ga 3:27); therefore YE are “Abraham’s seed,” which is tantamount to saying (whence the “and” is omitted), ye are “heirs according to the promise” (not “by the law,” Ga 3:18); for it was to Abraham’s seed that the inheritance was promised (Ga 3:16). Thus he arrives at the same truth which he set out with (Ga 3:7). But one new “seed” of a righteous succession could be found. One single faultless grain of human nature was found by God Himself, the source of a new and imperishable seed: “the seed” (Ps 22:30) who receive from Him a new nature and name (Ge 3:15; Is 53:10, 11; Jn 12:24). In Him the lineal descent from David becomes extinct. He died without posterity. But He lives and shall reign on David’s throne. No one has a legal claim to sit upon it but Himself, He being the only living direct representative (Ez 21:27). His spiritual seed derive their birth from the travail of His soul, being born again of His word, which is the incorruptible seed (Jn 1:12; Ro 9:8; 1 Pe 1:23).
Robert Jamieson, A. R. Fausset, and David Brown, Commentary Critical and Explanatory on the Whole Bible (vol. 2; Oak Harbor, WA: Logos Research Systems, Inc., 1997), 332.
Matthew 3:9 (KJV 1900) — 9 And think not to say within yourselves, We have Abraham to our father: for I say unto you, that God is able of these stones to raise up children unto Abraham.