Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0520%/8h= +56.9% APRpaid last 24h −0.016%

Price spread now: Deribit against Gate−0.130%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.506%−$51 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.130% cheaper against Gate than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 20 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.506%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BERA_USDT	0.2305	0.0100	pay 0.0050% / 4h	30m 54s	$354K	$356K	50x
Short	Deribit BERA_USDC-PERPETUAL	0.2302	0.0620	get 0.0077% / 1h	30m 54s	$1K	$57K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now −0.130%Rate

Funding earned: $109.11
Price spread: −0.130% → 0.000%: −$13.02
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $74.09
Costs to cover: 0.220%
Break-even: 2.2 days

Slippage unknown: Gate: live order book, 24 min ago; Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 24 min ago	4.34 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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	0.2150	−6.725%	$2K	$3K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0489%	1h	0.2299	−0.260%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2280	−1.085%	$15K	$53K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2301	−0.182%	$62K	$81K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2300	−0.214%	$15K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2307	+0.079%	$5.4M	$14.2M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2306	+0.043%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2305	0.000%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDTlong	+0.0100%	4h	0.2305	long leg	$354K	$356K	50x
MEXC BERA_USDT	+0.0100%	4h	0.2306	+0.043%	$1.2M	$399K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2299	−0.260%	$554K	$230K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2306	+0.043%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2306	+0.043%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2298	−0.299%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−0.651%	$34K	$443K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2301	−0.174%	$9K	$987	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2300	−0.208%	$376	$6K	5x	as long as short
BloFin BERA-USDT	+0.0138%	4h	0.2291	−0.607%	$281K	$76K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2301	−0.180%	$2K	—	100x	as long as short
01 Exchange BERAUSD	+0.0264%	1h	0.2303	−0.087%	$3K	$3K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0370%	4h	0.2292	−0.564%	$113K	$3.2M	10x	as long as short
Hyperliquid BERA	+0.0445%	1h	0.2307	+0.095%	$2.9M	$926K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0494%	1h	0.2303	−0.065%	$29K	$161K	5x	as long as short
Deribit BERA_USDC-PERPETUALshort	+0.0620%	1h	0.2302	−0.130%	$1K	$57K	25x