Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: Lighter against Binance−0.039%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it 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	0.2310	0.0100	pay 0.0050% / 4h	3m 23s	$5.4M	$13.6M	50x
Short	Lighter BERA	0.2309	0.0096	get 0.0012% / 1h	3m 23s	$62K	$81K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$0.84
Price spread: −0.039% → 0.000%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Lighter: 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, 7 min ago	2.16 bp	16.0 bp −$16	53.2 bp −$532	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	0.2170	−6.061%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0487%	1h	0.2308	−0.106%	$52K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2300	−0.433%	$15K	$51K	50x	as long as short
Lighter BERAshort	+0.0096%	1h	0.2309	−0.039%	$62K	$81K	5x
Aster BERAUSDT	+0.0100%	4h	0.2308	−0.086%	$15K	$27K	5x	as long as short
Binance BERAUSDTlong	+0.0100%	4h	0.2310	long leg	$5.4M	$13.6M	50x
Bybit BERAUSDT	+0.0100%	4h	0.2306	−0.173%	$3.1M	$3.8M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2306	−0.173%	$1.5M	$3.0M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2309	−0.043%	$375K	$370K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2310	0.000%	$1.2M	$401K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2308	−0.087%	$553K	$223K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2309	−0.043%	$1.5M	$978K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2308	−0.087%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2304	−0.277%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2310	0.000%	$51K	$442K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2309	−0.043%	$9K	$937	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2308	−0.108%	$373	$6K	5x	as long as short
BloFin BERA-USDT	+0.0130%	4h	0.2306	−0.173%	$282K	$76K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0181% / S −0.0068%	1h	0.2309	−0.048%	$4K	—	100x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0184%	1h	0.2307	−0.130%	$3K	$56K	25x	as long as short
Hyperliquid BERA	+0.0248%	1h	0.2314	+0.160%	$2.9M	$697K	5x	as long as short
01 Exchange BERAUSD	+0.0264%	1h	0.2309	−0.043%	$3K	$3K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0310%	4h	0.2312	+0.087%	$116K	$3.2M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0349%	1h	0.2309	−0.039%	$28K	$161K	5x	as long as short