Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0517%/8h= +56.6% APRpaid last 24h −9.440%

Price spread now: BingX against Kraken Futures−0.067%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−17.160%−$1,716 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. BingX is 0.067% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −17.160%, 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	Kraken Futures PF_BERAUSD	0.2296	−0.0417	get 0.0052% / 1h	52m 43s	$52K	$24K	20x
Short	BingX BERA-USDT	0.2294	0.0100	get 0.0050% / 4h	52m 43s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $108.55
Price spread: −0.067% → 0.000%: −$6.7
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $81.85
Costs to cover: 0.200%
Break-even: 1.7 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 9 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	6.59 bp	21.5 bp −$21	57.6 bp −$576	543.8 bp −$54.4K	908.1 bp −$454.0K

Kraken Futures: 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	0.2157	−6.035%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0417%	1h	0.2296	long leg	$52K	$24K	20x
Coinbase International BERA-PERP-INTX	−0.0296%	1h	0.2259	−1.592%	$9K	$45K	50x	as long as short
BloFin BERA-USDT	+0.0075%	4h	0.2300	+0.194%	$290K	$91K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2294	−0.076%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2296	+0.018%	$14K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2295	−0.043%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2291	−0.198%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2290	−0.241%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2295	−0.023%	$339K	$388K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2294	−0.067%	$1.2M	$424K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2293	−0.111%	$553K	$225K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2292	−0.154%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDTshort	+0.0100%	4h	0.2294	−0.067%	—	$6.6M	—
Variational Omni BERA	+0.0100%	4h	0.2288	−0.342%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2298	+0.107%	$115K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−0.241%	$37K	$462K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2297	+0.064%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2297	+0.064%	$374	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0185%	1h	0.2298	+0.107%	$4K	$62K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2297	+0.064%	$2K	—	100x	as long as short
01 Exchange BERAUSD	+0.0240%	1h	0.2297	+0.064%	$4K	$2K	5x	as long as short
Hyperliquid BERA	+0.0379%	1h	0.2298	+0.120%	$2.9M	$950K	5x	as long as short
Backpack BERA_USDC_PERP	+0.1256%	1h	0.2299	+0.133%	$37K	$149K	5x	as long as short