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

BERA

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SwapBacktest
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 BingX+0.044%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 3 days (all we have)no history yet
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 +$15 a day on $10k at the current rate, and GMX is 0.044% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BERA-USDT0.22630.0100pay 0.0050% / 4h2h 39m$6.6M
ShortGMX BERA/USD [ETH-USDC]0.2264L +0.0206% / S −0.0592%get 0.0074% / 1h39m 06s$2K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$103.42
Price spread: +0.044% → 0.000%
$4.42
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$85.84
Costs to cover
0.220%
Break-even
1.2 days
Slippage unknown: BingX: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago4.41 bp18.6 bp −$1943.5 bp −$435535.2 bp −$53.5Kdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2132−5.789%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.0567%1h0.2262−0.038%$51K$27K20xas long as short
Coinbase International BERA-PERP-INTX−0.0304%1h0.2259−0.177%$10K$45K50xas long as short
01 Exchange BERAUSD−0.0064%1h0.2262−0.044%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2264+0.044%$4K$63K25xas long as short
Variational Omni BERA+0.0058%4h0.2264+0.045%$83K$49Kas long as short
BloFin BERA-USDT+0.0069%4h0.2262−0.044%$292K$88K75xas long as short
Lighter BERA+0.0096%1h0.2263−0.009%$62K$93K5xas long as short
Aster BERAUSDT+0.0100%4h0.2265+0.075%$13K$28K5xas long as short
Binance BERAUSDT+0.0100%4h0.2264+0.044%$5.5M$13.7M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BERAUSDT+0.0100%4h0.2260−0.133%$3.0M$4.2M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2261−0.088%$1.5M$3.3M20xas long as short
Gate BERA_USDT+0.0100%4h0.22630.000%$337K$388K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2264+0.044%$1.2M$434K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2261−0.088%$548K$221K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2262−0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDTlong+0.0100%4h0.2263long leg$6.6M
GRVT BERA_USDT_Perp+0.0100%4h0.2272+0.398%$105K$2.9M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2270+0.309%$32K$455K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.22630.000%$8K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2264+0.044%$371$6K5xas long as short
GMX BERA/USD [ETH-USDC]shortL +0.0206% / S −0.0592%1h0.2264+0.044%$2K100x
Backpack BERA_USDC_PERP+0.0472%1h0.2265+0.071%$39K$149K5xas long as short
Hyperliquid BERA+0.0907%1h0.2268+0.239%$2.9M$983K5xas long as short