Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.087%

Price spread now: GMX against Binance+0.099%7-day average — · you sell dearer than you buy

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.099% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BERAUSDT	0.2268	0.0100	pay 0.0050% / 4h	2h 38m	$5.5M	$13.7M	50x
Short	GMX BERA/USD [ETH-USDC]	0.2270	L +0.0206% / S −0.0592%	get 0.0074% / 1h	38m 03s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $103.42
Price spread: +0.099% → 0.000%: $9.91
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $91.33
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: Binance: live order book, 2 min ago; GMX: 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 Binance live order book, 2 min ago	2.20 bp	17.3 bp −$17	55.0 bp −$550	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

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	0.2132	−6.002%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0566%	1h	0.2266	−0.079%	$51K	$27K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2259	−0.402%	$10K	$45K	50x	as long as short
01 Exchange BERAUSD	−0.0064%	1h	0.2266	−0.094%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2269	+0.039%	$4K	$63K	25x	as long as short
Variational Omni BERA	+0.0058%	4h	0.2264	−0.181%	$83K	$49K	—	as long as short
BloFin BERA-USDT	+0.0069%	4h	0.2262	−0.270%	$292K	$88K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2267	−0.036%	$62K	$93K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2292	+1.053%	$14K	$28K	5x	as long as short
Binance BERAUSDTlong	+0.0100%	4h	0.2268	long leg	$5.5M	$13.7M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BERAUSDT	+0.0100%	4h	0.2265	−0.138%	$3.1M	$4.2M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2265	−0.138%	$1.5M	$3.3M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2264	−0.182%	$338K	$388K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2268	−0.005%	$1.2M	$434K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2262	−0.270%	$548K	$221K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2268	−0.005%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2267	−0.049%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2272	+0.171%	$105K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.083%	$32K	$455K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2268	−0.005%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2268	−0.027%	$372	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]short	L +0.0206% / S −0.0592%	1h	0.2270	+0.099%	$2K	—	100x
Backpack BERA_USDC_PERP	+0.0473%	1h	0.2270	+0.078%	$39K	$149K	5x	as long as short
Hyperliquid BERA	+0.0906%	1h	0.2274	+0.246%	$2.9M	$983K	5x	as long as short