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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0389%/8h= −42.6% APRnext payment $0.49 per $10,000 · paid last 24h −0.011%
Price spread now: 01 Exchange against Deribit−0.218%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 3 days (all we have)no history yet
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 −$12 a day on $10k at the current rate, and 01 Exchange is 0.218% cheaper against Deribit than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BERA_USDC-PERPETUAL0.22980.0621pay 0.0078% / 1h55m 58s$4K$62K25x
Short01 Exchange BERAUSD0.22930.0232get 0.0029% / 1h55m 58s$4K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$81.71
Price spread: −0.218% → 0.000%
−$21.76
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$117.46
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample
Deribit and 01 Exchange: 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%1h0.2156−6.179%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.0417%1h0.2294−0.193%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0296%1h0.2259−1.697%$9K$45K50xas long as short
BloFin BERA-USDT+0.0076%4h0.2288−0.435%$288K$88K75xas long as short
Lighter BERA+0.0096%1h0.2298−0.022%$62K$90K5xas long as short
Aster BERAUSDT+0.0100%4h0.2297−0.062%$14K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2296−0.087%$5.6M$13.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2292−0.261%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2293−0.218%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2294−0.174%$339K$388K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2297−0.044%$1.2M$423K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2294−0.174%$557K$223K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2295−0.131%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2296−0.087%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2274−1.036%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2281−0.740%$106K$2.7M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2290−0.348%$34K$461K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2297−0.044%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2297−0.048%$376$6K5xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2296−0.067%$2K100xas long as short
01 Exchange BERAUSDshort+0.0232%1h0.2293−0.218%$4K$2K5x
Hyperliquid BERA+0.0351%1h0.2300+0.078%$2.9M$949K5xas long as short
Deribit BERA_USDC-PERPETUALlong+0.0621%1h0.2298long leg$4K$62K25x
Backpack BERA_USDC_PERP+0.1476%1h0.2299+0.052%$37K$149K5xas long as short