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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0520%/8h= −56.9% APRpaid last 24h +9.440%
Price spread now: Kraken Futures against BingX−0.046%7-day average · you buy dearer than you sell
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+17.160%+$1,716 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.046% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +17.160%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BERA-USDT0.22820.0100pay 0.0050% / 4h5m 51s$6.6M
ShortKraken Futures PF_BERAUSD0.2281−0.0420pay 0.0052% / 1h5m 51s$51K$24K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
−$109.11
Price spread: −0.046% → 0.000%
−$4.62
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$133.73
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 6 min ago; Kraken Futures: 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, 6 min ago4.40 bp14.2 bp −$1438.5 bp −$385521.9 bp −$52.2K847.7 bp −$423.9K
Sell Kraken Futures no order-book sample
Kraken Futures: 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%1h0.2147−5.916%$2K$5K12xas long as short
Kraken Futures PF_BERAUSDshort−0.0420%1h0.2281−0.046%$51K$24K20x
Coinbase International BERA-PERP-INTX−0.0296%1h0.2269−0.570%$9K$44K50xas long as short
Variational Omni BERA−0.0053%4h0.2275−0.298%$84K$49Kas long as short
Bybit BERAUSDT+0.0017%4h0.2279−0.131%$3.1M$4.1M25xas long as short
Lighter BERA+0.0096%1h0.2281−0.048%$62K$90K5xas long as short
Aster BERAUSDT+0.0100%4h0.2283+0.046%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2283+0.044%$5.6M$13.5M50xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2279−0.131%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2280−0.088%$337K$390K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2280−0.088%$1.3M$437K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2278−0.175%$545K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2283+0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDTlong+0.0100%4h0.2282long leg$6.6M
GRVT BERA_USDT_Perp+0.0100%4h0.2284+0.068%$116K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2280−0.088%$37K$461K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2280−0.088%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2280−0.092%$368$6K5xas long as short
01 Exchange BERAUSD+0.0152%1h0.2279−0.131%$4K$2K5xas long as short
BloFin BERA-USDT+0.0154%4h0.2283+0.044%$292K$83K75xas long as short
Deribit BERA_USDC-PERPETUAL+0.0189%1h0.2281−0.044%$4K$61K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2279−0.113%$2K100xas long as short
Hyperliquid BERA+0.0277%1h0.2286+0.171%$2.9M$953K5xas long as short
Backpack BERA_USDC_PERP+0.0552%1h0.2284+0.070%$37K$148K5xas long as short