Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Bybit against Gate−0.044%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1281.283% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.044%, 7d avg −0.087%

Together, before fees−0.029%−$3 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: Bybit is 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BERA_USDT	0.2250	0.0100	pay 0.0050% / 4h	2h 11m	$336K	$389K	50x
Short	Bybit BERAUSDT	0.2249	0.0100	get 0.0050% / 4h	2h 11m	$3.0M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.087%: $4.27
Slippage, 4 orders: −$102.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.02
Costs to cover: 1.283%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; Bybit: live order book, 1 min ago.

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 Gate live order book, 54 min ago	4.39 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.44 bp	25.8 bp −$26	78.5 bp −$785	doesn't fit	doesn't fit

BERA on 23 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	0.2117	−5.911%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1066%	1h	0.2249	−0.060%	$50K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0280%	1h	0.2234	−0.711%	$15K	$51K	50x	as long as short
Variational Omni BERA	+0.0083%	4h	0.2247	−0.130%	$83K	$48K	—	as long as short
Lighter BERA	+0.0096%	1h	0.2251	+0.027%	$61K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2252	+0.089%	$15K	$26K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2252	+0.084%	$5.3M	$14.0M	50x	as long as short
Bybit BERAUSDTshort	+0.0100%	4h	0.2249	−0.044%	$3.0M	$4.1M	25x
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2250	0.000%	$1.4M	$3.2M	20x	as long as short
Gate BERA_USDTlong	+0.0100%	4h	0.2250	long leg	$336K	$389K	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2250	0.000%	$1.2M	$447K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2250	0.000%	$536K	$232K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2250	0.000%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2250	0.000%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2260	+0.444%	$32K	$458K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2250	0.000%	$8K	$883	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2251	+0.027%	$364	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0194%	1h	0.2251	+0.044%	$4K	$54K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2249	−0.032%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0346%	1h	0.2254	+0.182%	$2.9M	$925K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0444%	4h	0.2255	+0.222%	$111K	$3.1M	10x	as long as short
01 Exchange BERAUSD	+0.0448%	1h	0.2250	0.000%	$3K	$3K	5x	as long as short
Backpack BERA_USDC_PERP	+0.1092%	1h	0.2260	+0.427%	$41K	$167K	5x	as long as short