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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: ApeX Omni against Bybit+0.132%99s7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3033.028% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 3 days (all we have)+0.241%+$24 · spread now +0.132%, 7d avg +0.095%
Together, before fees+0.294%+$29 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: ApeX Omni is 0.037% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.095%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BERAUSDT0.22670.0100pay 0.0050% / 4h2h 33m$3.1M$4.2M25x
ShortApeX Omni BERAUSDT0.22700.0100get 0.0013% / 1h33m 55s$32K$455K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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
$0
Price spread: +0.132% → +0.095%
$3.75
Slippage, 4 orders
−$281.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$299.02
Costs to cover
3.028%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 53 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 Bybit live order book, 4 min ago4.41 bp35.5 bp −$35100.3 bp −$1,003doesn't fitdoesn't fit
Sell ApeX Omni live order book, 53 min ago21.88 bp106.1 bp −$106doesn'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%1h0.2132−5.955%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.0564%1h0.2272+0.201%$51K$27K20xas long as short
Coinbase International BERA-PERP-INTX−0.0304%1h0.2259−0.353%$10K$45K50xas long as short
01 Exchange BERAUSD−0.0048%1h0.2272+0.221%$4K$2K5xas long as short
Variational Omni BERA+0.0080%4h0.2266−0.048%$83K$49Kas long as short
Lighter BERA+0.0096%1h0.2272+0.207%$63K$93K5xas long as short
Aster BERAUSDT+0.0100%4h0.2292+1.103%$14K$28K5xas long as short
Binance BERAUSDT+0.0100%4h0.2273+0.249%$5.5M$13.7M50xas long as short
Bybit BERAUSDTlong+0.0100%4h0.2267long leg$3.1M$4.2M25x
OKX BERA-USDT-SWAP+0.0100%4h0.2268+0.044%$1.5M$3.3M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BERA_USDT+0.0100%4h0.2268+0.044%$338K$388K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2272+0.221%$1.2M$435K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2265−0.088%$549K$220K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2270+0.132%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2269+0.088%$6.6Mas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2272+0.221%$105K$2.9M10xas long as short
ApeX Omni BERAUSDTshort+0.0100%1h0.2270+0.132%$32K$455K50x
Orderly PERP_BERA_USDC+0.0100%4h0.2270+0.132%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2271+0.176%$372$6K5xas long as short
BloFin BERA-USDT+0.0150%4h0.2272+0.221%$292K$88K75xas long as short
Deribit BERA_USDC-PERPETUAL+0.0190%1h0.2274+0.309%$4K$62K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2273+0.247%$2K100xas long as short
Backpack BERA_USDC_PERP+0.0623%1h0.2274+0.300%$39K$149K5xas long as short
Hyperliquid BERA+0.0897%1h0.2277+0.432%$2.9M$984K5xas long as short