Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Bitget+0.203%83s7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.077% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.203%, 7d avg +0.084%

Together, before fees−0.114%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.119% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.084%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BERAUSDT	0.2270	0.0100	pay 0.0050% / 4h	3h 44m	$1.5M	$1.0M	50x
Short	GRVT BERA_USDT_Perp	0.2275	0.0100	get 0.0050% / 4h	3h 44m	$111K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.084%: $11.87
Slippage, 4 orders: −$86.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$95.83
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; GRVT: live order book, 5 min ago.

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, 2 min ago	6.61 bp	23.1 bp −$23	121.7 bp −$1,217	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	4.40 bp	11.6 bp −$12	52.4 bp −$524	doesn't fit	doesn't fit

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	0.2139	−5.771%	$2K	$5K	12x	as long as short
Bybit BERAUSDT	−0.0747%	4h	0.2265	−0.220%	$3.1M	$4.1M	25x	as long as short
Kraken Futures PF_BERAUSD	−0.0531%	1h	0.2269	−0.059%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2265	−0.220%	$9K	$44K	50x	as long as short
Variational Omni BERA	−0.0190%	4h	0.2262	−0.368%	$83K	$49K	—	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2269	−0.044%	$4K	$61K	25x	as long as short
BloFin BERA-USDT	+0.0054%	4h	0.2268	−0.088%	$291K	$89K	75x	as long as short
OKX BERA-USDT-SWAP	+0.0087%	4h	0.2267	−0.132%	$1.5M	$3.2M	20x	as long as short
Lighter BERA	+0.0096%	1h	0.2268	−0.079%	$62K	$90K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2272	+0.097%	$2.9M	$934K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BERAUSDT	+0.0100%	4h	0.2271	+0.025%	$13K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2270	0.000%	$5.5M	$13.6M	50x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2271	+0.044%	$337K	$375K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2269	−0.044%	$1.3M	$435K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2267	−0.132%	$538K	$229K	50x	as long as short
Bitget BERAUSDTlong	+0.0100%	4h	0.2270	long leg	$1.5M	$1.0M	50x
BingX BERA-USDT	+0.0100%	4h	0.2268	−0.088%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perpshort	+0.0100%	4h	0.2275	+0.203%	$111K	$2.8M	10x
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	0.000%	$32K	$460K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2268	−0.088%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2268	−0.084%	$368	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0120%	1h	0.2268	−0.088%	$4K	$2K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0140%	1h	0.2270	−0.009%	$37K	$149K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2267	−0.111%	$2K	—	100x	as long as short