Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +1.445%

Price spread now: OKX against Injective−1.466%108s7-day average — · you buy dearer than you sell

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

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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. OKX is 1.466% cheaper against Injective than usual: you would sell low and buy high (spread −1.466% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$147 on $10k: about 23 hours of funding at the current rate (+$153 a day). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BERA/USDC PERP	0.2319	−0.5000	get 0.0625% / 1h	21m 31s	$2K	$4K	12x
Short	OKX BERA-USDT-SWAP	0.2285	0.0100	get 0.0050% / 4h	2h 21m	$1.4M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now −1.466%Rate

Funding earned: $1,071
Price spread: −1.466% → 0.000%: −$146.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $914.37
Costs to cover: 0.100%
Break-even: 1.0 days

Slippage unknown: Injective: no order-book sample; OKX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	2.19 bp	21.2 bp −$21	113.7 bp −$1,137	doesn't fit	doesn't fit

Injective: 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 exchanges

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 PERPlong	−0.5000%	1h	0.2319	long leg	$2K	$4K	12x
Kraken Futures PF_BERAUSD	−0.1892%	1h	0.2287	−1.397%	$51K	$21K	20x	as long as short
01 Exchange BERAUSD	−0.1120%	1h	0.2242	−3.320%	$3K	$850	5x	as long as short
Orderly PERP_BERA_USDC	+0.0077%	4h	0.2287	−1.380%	$9K	$587	10x	as long as short
Lighter BERA	+0.0096%	1h	0.2287	−1.380%	$64K	$72K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2287	−1.395%	$13K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2286	−1.412%	$5.4M	$8.4M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2284	−1.509%	$3.0M	$1.8M	25x	as long as short
OKX BERA-USDT-SWAPshort	+0.0100%	4h	0.2285	−1.466%	$1.4M	$1.8M	20x
Gate BERA_USDT	+0.0100%	4h	0.2283	−1.552%	$334K	$250K	50x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2287	−1.380%	$1.2M	$304K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2286	−1.423%	$548K	$126K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2286	−1.423%	$1.5M	$733K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2283	−1.552%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2288	−1.350%	$26K	$216K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2282	−1.616%	$81K	$51K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2285	−1.470%	$113K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−1.251%	$40K	$490K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2287	−1.371%	$363	$6K	5x	as long as short
BloFin BERA-USDT	+0.0115%	4h	0.2280	−1.682%	$275K	$76K	75x	as long as short
Hyperliquid BERA	+0.0122%	1h	0.2291	−1.190%	$2.9M	$551K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0187%	1h	0.2288	−1.337%	$1K	$38K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2287	−1.361%	$2K	—	100x	as long as short
Coinbase International BERA-PERP-INTX	+0.0984%	1h	0.2295	−1.035%	$19K	$50K	50x	as long as short