Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Bybit against ApeX Omni+0.306%59s7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3133.131% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.789%−$79 · spread now +0.306%, 7d avg −0.092%

Together, before fees−0.851%−$85 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: Bybit is 0.397% dearer against ApeX Omni than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of −0.092%. The two prices were read 59 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	ApeX Omni BERAUSDT	0.2290	0.0100	pay 0.0013% / 1h	52m 38s	$32K	$460K	50x
Short	Bybit BERAUSDT	0.2297	0.0100	get 0.0050% / 4h	52m 38s	$3.1M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.306%Rate

Funding earned: $0
Price spread: +0.306% → −0.092%: $39.74
Slippage, 4 orders: −$292.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$273.33
Costs to cover: 3.131%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; Bybit: live order book, 5 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 ApeX Omni live order book, 5 min ago	43.67 bp	114.7 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.36 bp	23.7 bp −$24	66.5 bp −$665	doesn't fit	doesn't fit

BERA on 24 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
Injective BERA/USDC PERP	−0.5000%	1h	0.2170	−5.240%	$2K	$3K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0488%	1h	0.2302	+0.503%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2281	−0.393%	$15K	$53K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2300	+0.419%	$62K	$81K	5x	as long as short
Orderly PERP_BERA_USDC	+0.0099%	4h	0.2306	+0.699%	$9K	$987	10x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2300	+0.429%	$15K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2300	+0.430%	$5.4M	$14.2M	50x	as long as short
Bybit BERAUSDTshort	+0.0100%	4h	0.2297	+0.306%	$3.1M	$4.1M	25x
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2298	+0.349%	$1.4M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2303	+0.568%	$347K	$350K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2300	+0.437%	$1.2M	$397K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2300	+0.437%	$554K	$230K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2301	+0.480%	$1.5M	$1.0M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2301	+0.480%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2301	+0.464%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDTlong	+0.0100%	1h	0.2290	long leg	$32K	$460K	50x
SoDEX BERA-USD	+0.0100%	1h	0.2305	+0.655%	$376	$6K	5x	as long as short
BloFin BERA-USDT	+0.0115%	4h	0.2307	+0.742%	$281K	$74K	75x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0184%	1h	0.2307	+0.742%	$2K	$55K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2306	+0.679%	$2K	—	100x	as long as short
01 Exchange BERAUSD	+0.0248%	1h	0.2301	+0.480%	$3K	$3K	5x	as long as short
Hyperliquid BERA	+0.0271%	1h	0.2306	+0.707%	$2.9M	$922K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0340%	4h	0.2291	+0.037%	$107K	$3.2M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0774%	1h	0.2306	+0.721%	$29K	$160K	5x	as long as short