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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h −0.004%
Price spread now: Hyperliquid against BloFin+0.105%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$630.629% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.214%−$21 on $10k
Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.105%, 7d avg +0.014%
Together, before fees−0.412%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.091% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.214%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BERA-USDT0.22790.0101pay 0.0051% / 4h10m 49s$291K$84K75x
ShortHyperliquid BERA0.22810.0318get 0.0040% / 1h10m 49s$2.9M$954K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$45.58
Price spread: +0.105% → +0.014%
$9.09
Slippage, 4 orders
−$41.89
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$8.22
Costs to cover
0.629%
Break-even
8.3 days
Slippage from BloFin: live order book, 61 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 61 min ago2.21 bp16.9 bp −$1736.4 bp −$364doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.66 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit

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%1h0.2140−6.099%$2K$5K12xas long as short
Kraken Futures PF_BERAUSD−0.0421%1h0.2275−0.154%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0296%1h0.2272−0.307%$10K$44K50xas long as short
Variational Omni BERA−0.0036%4h0.2270−0.387%$84K$49Kas long as short
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2274−0.219%$4K$61K25xas long as short
Bybit BERAUSDT+0.0044%4h0.2274−0.219%$3.1M$4.1M25xas long as short
Lighter BERA+0.0096%1h0.2275−0.184%$62K$90K5xas long as short
Aster BERAUSDT+0.0100%4h0.2276−0.110%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2279−0.012%$5.5M$13.5M50xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2275−0.176%$1.5M$3.2M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BERA_USDT+0.0100%4h0.2273−0.263%$336K$390K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2276−0.132%$1.3M$435K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2275−0.176%$544K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2278−0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2278−0.044%$6.6Mas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2278−0.044%$108K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2280+0.044%$37K$461K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2274−0.219%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2274−0.202%$367$6K5xas long as short
BloFin BERA-USDTlong+0.0101%4h0.2279long leg$291K$84K75x
01 Exchange BERAUSD+0.0152%1h0.2274−0.219%$4K$2K5xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2275−0.190%$2K100xas long as short
Hyperliquid BERAshort+0.0318%1h0.2281+0.105%$2.9M$954K5x
Backpack BERA_USDC_PERP+0.0583%1h0.2275−0.167%$37K$148K5xas long as short