Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h −0.044%

Price spread now: Deribit against Bitget−0.044%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.525%−$53 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.044% cheaper against Bitget than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 39 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.525%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BERAUSDT	0.2269	0.0100	pay 0.0050% / 4h	1h 51m	$1.5M	$1.1M	50x
Short	Deribit BERA_USDC-PERPETUAL	0.2268	0.0191	get 0.0024% / 1h	51m 55s	$4K	$62K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $19.13
Price spread: −0.044% → 0.000%: −$4.41
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$4.27
Costs to cover: 0.190%
Break-even: 8.6 days

Slippage unknown: Bitget: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 5 min ago	4.40 bp	21.4 bp −$21	124.6 bp −$1,246	doesn't fit	doesn'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 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	0.2137	−5.818%	$2K	$4K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0320%	1h	0.2259	−0.441%	$10K	$45K	50x	as long as short
Kraken Futures PF_BERAUSD	0.0000%	1h	0.2267	−0.082%	$51K	$26K	20x	as long as short
Lighter BERA	+0.0096%	1h	0.2267	−0.088%	$62K	$89K	5x	as long as short
BloFin BERA-USDT	+0.0096%	4h	0.2265	−0.176%	$289K	$87K	75x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2271	+0.076%	$13K	$28K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2267	−0.069%	$5.5M	$13.6M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2266	−0.132%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2265	−0.176%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2268	−0.044%	$335K	$391K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2268	−0.044%	$1.2M	$431K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2269	0.000%	$550K	$218K	50x	as long as short
Bitget BERAUSDTlong	+0.0100%	4h	0.2269	long leg	$1.5M	$1.1M	50x
BingX BERA-USDT	+0.0100%	4h	0.2269	0.000%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2269	+0.014%	$83K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2277	+0.340%	$117K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.044%	$32K	$454K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2268	−0.044%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2267	−0.093%	$371	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0176%	1h	0.2268	−0.044%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUALshort	+0.0191%	1h	0.2268	−0.044%	$4K	$62K	25x
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2267	−0.092%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.1081%	1h	0.2272	+0.145%	$2.9M	$955K	5x	as long as short
Backpack BERA_USDC_PERP	+0.1124%	1h	0.2268	−0.026%	$37K	$149K	5x	as long as short