Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%

Price spread now: OKX against Gate−0.221%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1851.855% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.372%+$37 · spread now −0.221%, 7d avg −0.112%

Together, before fees+0.275%+$27 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: OKX is 0.109% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BERA_USDT	0.2265	0.0100	pay 0.0050% / 4h	2h 39m	$338K	$388K	50x
Short	OKX BERA-USDT-SWAP	0.2260	0.0100	get 0.0050% / 4h	2h 39m	$1.5M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → −0.112%: −$10.88
Slippage, 4 orders: −$160.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$196.35
Costs to cover: 1.855%
Break-even: never at this rate

Slippage from Gate: live order book, 45 min ago; OKX: live order book, 3 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, 45 min ago	6.59 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.21 bp	31.0 bp −$31	348.6 bp −$3,486	doesn't fit	doesn't fit

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	0.2132	−5.872%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0567%	1h	0.2262	−0.127%	$51K	$27K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2259	−0.265%	$10K	$45K	50x	as long as short
01 Exchange BERAUSD	−0.0064%	1h	0.2262	−0.132%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2264	−0.044%	$4K	$63K	25x	as long as short
Variational Omni BERA	+0.0058%	4h	0.2264	−0.044%	$83K	$49K	—	as long as short
BloFin BERA-USDT	+0.0069%	4h	0.2262	−0.132%	$292K	$88K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2263	−0.097%	$62K	$93K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2265	+0.014%	$13K	$28K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2264	−0.044%	$5.5M	$13.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BERAUSDT	+0.0100%	4h	0.2260	−0.221%	$3.0M	$4.2M	25x	as long as short
OKX BERA-USDT-SWAPshort	+0.0100%	4h	0.2260	−0.221%	$1.5M	$3.2M	20x
Gate BERA_USDTlong	+0.0100%	4h	0.2265	long leg	$338K	$388K	50x
MEXC BERA_USDT	+0.0100%	4h	0.2265	0.000%	$1.2M	$434K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2261	−0.177%	$548K	$221K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2262	−0.132%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2263	−0.088%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2272	+0.310%	$105K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.221%	$32K	$455K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2263	−0.088%	$8K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2264	−0.044%	$371	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2264	−0.044%	$2K	—	100x	as long as short
Backpack BERA_USDC_PERP	+0.0481%	1h	0.2271	+0.247%	$37K	$149K	5x	as long as short
Hyperliquid BERA	+0.0914%	1h	0.2268	+0.141%	$2.9M	$982K	5x	as long as short