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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h +0.047%
Price spread now: BingX against Deribit−0.351%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+0.527%+$53 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 −$3 a day on $10k at the current rate, and BingX is 0.351% cheaper against Deribit than usual: you would sell low and buy high (−$35 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 +0.527%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BERA_USDC-PERPETUAL0.22800.0189pay 0.0024% / 1h54m 39s$4K$63K25x
ShortBingX BERA-USDT0.22720.0100get 0.0050% / 4h2h 54m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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
−$18.65
Price spread: −0.351% → 0.000%
−$35.09
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$70.73
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 13 min ago. 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 Deribit no order-book sample
Sell BingX live order book, 13 min ago6.59 bp21.8 bp −$2253.6 bp −$536531.0 bp −$53.1K953.7 bp −$476.9K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2142−6.053%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.0563%1h0.2278−0.069%$51K$27K20xas long as short
Coinbase International BERA-PERP-INTX−0.0304%1h0.2271−0.395%$10K$46K50xas long as short
01 Exchange BERAUSD−0.0088%1h0.2279−0.044%$4K$2K5xas long as short
Variational Omni BERA+0.0044%4h0.2272−0.329%$84K$53Kas long as short
Lighter BERA+0.0096%1h0.2276−0.189%$63K$93K5xas long as short
Aster BERAUSDT+0.0100%4h0.2277−0.124%$13K$28K5xas long as short
Binance BERAUSDT+0.0100%4h0.2277−0.151%$5.5M$13.8M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2273−0.307%$3.1M$4.2M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2270−0.439%$1.5M$3.3M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BERA_USDT+0.0100%4h0.2275−0.219%$340K$387K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2276−0.175%$1.2M$433K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2272−0.351%$551K$221K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2274−0.263%$1.5M$1.1M50xas long as short
BingX BERA-USDTshort+0.0100%4h0.2272−0.351%$6.6M
GRVT BERA_USDT_Perp+0.0100%4h0.2277−0.114%$107K$3.0M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.22800.000%$32K$457K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2278−0.088%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2278−0.075%$374$6K5xas long as short
BloFin BERA-USDT+0.0109%4h0.2275−0.219%$220K$91K75xas long as short
Deribit BERA_USDC-PERPETUALlong+0.0189%1h0.2280long leg$4K$63K25x
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2279−0.026%$2K100xas long as short
Backpack BERA_USDC_PERP+0.0543%1h0.2280−0.004%$37K$155K5xas long as short
Hyperliquid BERA+0.0922%1h0.2281+0.026%$2.9M$985K5xas long as short