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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0535%/8h= +58.6% APRpaid last 24h −0.032%
Price spread now: Deribit against BingX+0.177%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.520%−$52 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.177% dearer against BingX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.520%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BERA-USDT0.22570.0100pay 0.0050% / 4h2h 31m$6.6M
ShortDeribit BERA_USDC-PERPETUAL0.22610.0635get 0.0079% / 1h31m 51s$4K$56K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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
$112.42
Price spread: +0.177% → 0.000%
$17.72
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$113.15
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: BingX: live order book, 10 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago6.67 bp20.7 bp −$2144.7 bp −$447547.7 bp −$54.8Kdoesn't fit
Sell Deribit no order-book sample
Deribit: 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 23 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%1h0.2127−5.760%$2K$5K12xas long as short
Kraken Futures PF_BERAUSD−0.1063%1h0.2256−0.040%$51K$25K20xas long as short
Coinbase International BERA-PERP-INTX−0.0280%1h0.2234−1.019%$15K$51K50xas long as short
Variational Omni BERA−0.0041%4h0.2255−0.104%$83K$49Kas long as short
Lighter BERA+0.0096%1h0.2258+0.066%$61K$89K5xas long as short
Aster BERAUSDT+0.0100%4h0.2256−0.024%$15K$26K5xas long as short
Binance BERAUSDT+0.0100%4h0.2260+0.133%$5.4M$14.0M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2255−0.089%$3.0M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.22570.000%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.22570.000%$333K$378K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2260+0.133%$1.2M$442K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2256−0.044%$537K$229K50xas long as short
Bitget BERAUSDT+0.0100%4h0.22570.000%$1.4M$1.1M50xas long as short
BingX BERA-USDTlong+0.0100%4h0.2257long leg$6.6M
ApeX Omni BERAUSDT+0.0100%1h0.2250−0.310%$32K$464K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2259+0.089%$9K$88310xas long as short
SoDEX BERA-USD+0.0100%1h0.2260+0.111%$364$6K5xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2259+0.086%$2K100xas long as short
GRVT BERA_USDT_Perp+0.0288%4h0.2259+0.089%$105K$3.1M10xas long as short
Hyperliquid BERA+0.0335%1h0.2262+0.213%$2.9M$924K5xas long as short
01 Exchange BERAUSD+0.0392%1h0.2263+0.266%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUALshort+0.0635%1h0.2261+0.177%$4K$56K25x
Backpack BERA_USDC_PERP+0.1012%1h0.2262+0.213%$42K$166K5xas long as short