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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h +0.044%
Price spread now: Gate against Deribit−0.044%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+0.523%+$52 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 Gate is 0.044% cheaper against Deribit than usual: you would sell low and buy high (−$4 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 +0.523%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BERA_USDC-PERPETUAL0.22860.0188pay 0.0023% / 1h59m 45s$4K$62K25x
ShortGate BERA_USDT0.22850.0100get 0.0050% / 4h59m 45s$337K$395K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$18.4
Price spread: −0.044% → 0.000%
−$4.37
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$44.78
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; Gate: live order book, 16 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 Gate live order book, 16 min ago2.21 bp34.2 bp −$34doesn't fitdoesn't fitdoesn't fit
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%1h0.2139−6.430%$2K$4K12xas long as short
Coinbase International BERA-PERP-INTX−0.0320%1h0.2259−1.181%$9K$45K50xas long as short
Kraken Futures PF_BERAUSD0.0000%1h0.2286−0.013%$51K$24K20xas long as short
BloFin BERA-USDT+0.0091%4h0.2278−0.350%$287K$88K75xas long as short
Lighter BERA+0.0096%1h0.2287+0.048%$63K$89K5xas long as short
Hyperliquid BERA+0.0100%1h0.2290+0.162%$2.9M$946K5xas long as short
Aster BERAUSDT+0.0100%4h0.2286+0.003%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2288+0.079%$5.5M$13.6M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2283−0.131%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2283−0.131%$1.5M$3.2M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BERA_USDTshort+0.0100%4h0.2285−0.044%$337K$395K50x
MEXC BERA_USDT+0.0100%4h0.2285−0.044%$1.2M$434K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2284−0.087%$551K$224K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2287+0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.22860.000%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2274−0.516%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2272−0.624%$105K$2.7M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2270−0.700%$33K$460K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2285−0.044%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2285−0.048%$374$6K5xas long as short
01 Exchange BERAUSD+0.0184%1h0.22860.000%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUALlong+0.0188%1h0.2286long leg$4K$62K25x
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2284−0.068%$2K100xas long as short
Backpack BERA_USDC_PERP+0.0853%1h0.2287+0.044%$37K$149K5xas long as short