Settings8H · net · $10k
Funding arb · Price arb /

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0839%/8h= +91.9% APRnext payment +$1.05 per $10,000 · paid last 24h +0.016%
Price spread now: Hyperliquid against ApeX Omni+0.026%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2622.624% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.190%−$19 on $10k
Price spread, last 3 days (all we have)−0.373%−$37 · spread now +0.026%, 7d avg +0.043%
Together, before fees−0.562%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.190%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.190% in total (about -9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BERAUSDT0.22700.0100pay 0.0013% / 1h41m 03s$32K$456K50x
ShortHyperliquid BERA0.22710.0939get 0.0117% / 1h41m 03s$2.9M$987K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX 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

Funding earned
$176.28
Price spread: +0.026% → +0.043%
−$1.65
Slippage, 4 orders
−$243.38
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$87.75
Costs to cover
2.624%
Break-even
10.5 days
Slippage from ApeX Omni: live order book, 46 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 46 min ago21.88 bp124.6 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.32 bp15.4 bp −$15doesn't fitdoesn't fitdoesn't fit

BERA on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2136−5.903%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.0566%1h0.2267−0.127%$51K$27K20xas long as short
Coinbase International BERA-PERP-INTX−0.0304%1h0.2266−0.176%$10K$45K50xas long as short
01 Exchange BERAUSD−0.0072%1h0.2267−0.132%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2268−0.088%$4K$63K25xas long as short
Variational Omni BERA+0.0028%4h0.2269−0.066%$84K$53Kas long as short
Lighter BERA+0.0096%1h0.2268−0.110%$62K$93K5xas long as short
Aster BERAUSDT+0.0100%4h0.2268−0.077%$13K$28K5xas long as short
Binance BERAUSDT+0.0100%4h0.2267−0.115%$5.5M$13.7M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2263−0.308%$3.0M$4.2M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BERA-USDT-SWAP+0.0100%4h0.2264−0.264%$1.5M$3.3M20xas long as short
Gate BERA_USDT+0.0100%4h0.2268−0.088%$339K$388K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2268−0.088%$1.2M$434K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2268−0.088%$550K$221K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2269−0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2267−0.132%$6.6Mas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2273+0.132%$117K$2.9M10xas long as short
ApeX Omni BERAUSDTlong+0.0100%1h0.2270long leg$32K$456K50x
Orderly PERP_BERA_USDC+0.0100%4h0.2267−0.132%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2268−0.088%$374$6K5xas long as short
BloFin BERA-USDT+0.0100%4h0.2271+0.044%$295K$88K75xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2268−0.095%$2K100xas long as short
Backpack BERA_USDC_PERP+0.0508%1h0.2269−0.057%$37K$153K5xas long as short
Hyperliquid BERAshort+0.0939%1h0.2271+0.026%$2.9M$987K5x