Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.017%

Price spread now: KuCoin against Deribit0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.380%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BERA_USDC-PERPETUAL	0.2294	0.0186	pay 0.0023% / 1h	56m 56s	$9K	$45K	25x
Short	KuCoin BERAUSDTM	0.2294	0.0100	get 0.0050% / 4h	3h 56m	$552K	$128K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee DeribitbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$18.08
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.08
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 37 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 37 min ago	17.45 bp	48.3 bp −$48	159.1 bp −$1,591	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−0.5000%	1h	0.2154	−6.103%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1279%	1h	0.2292	−0.103%	$51K	$21K	20x	as long as short
01 Exchange BERAUSD	−0.0256%	1h	0.2294	0.000%	$3K	$850	5x	as long as short
Orderly PERP_BERA_USDC	+0.0081%	4h	0.2293	−0.044%	$9K	$787	10x	as long as short
Lighter BERA	+0.0096%	1h	0.2294	−0.009%	$64K	$72K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2296	+0.065%	$2.9M	$590K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2293	−0.040%	$13K	$22K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2293	−0.047%	$5.5M	$9.2M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2289	−0.218%	$3.1M	$2.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2289	−0.218%	$1.4M	$1.9M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDT	+0.0100%	4h	0.2292	−0.087%	$344K	$252K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2293	−0.044%	$1.3M	$316K	20x	as long as short
KuCoin BERAUSDTMshort	+0.0100%	4h	0.2294	0.000%	$552K	$128K	50x
Bitget BERAUSDT	+0.0100%	4h	0.2294	0.000%	$1.4M	$804K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2292	−0.087%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2294	0.000%	$24K	$205K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2289	−0.210%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2294	+0.019%	$107K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−0.174%	$36K	$481K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2294	−0.004%	$373	$6K	5x	as long as short
BloFin BERA-USDT	+0.0102%	4h	0.2292	−0.087%	$282K	$72K	75x	as long as short
Deribit BERA_USDC-PERPETUALlong	+0.0186%	1h	0.2294	long leg	$9K	$45K	25x
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2294	+0.010%	$2K	—	100x	as long as short
Coinbase International BERA-PERP-INTX	+0.0952%	1h	0.2300	+0.262%	$19K	$53K	50x	as long as short