Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0664%/8h= +72.8% APRpaid last 24h −9.508%

Price spread now: Bitget against Kraken Futures−0.029%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−17.200%−$1,720 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. Bitget is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −17.200%, 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	0.2272	−0.0564	get 0.0071% / 1h	45m 53s	$51K	$27K	20x
Short	Bitget BERAUSDT	0.2271	0.0100	get 0.0050% / 4h	2h 45m	$1.5M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.029%Rate

Funding earned: $139.52
Price spread: −0.029% → 0.000%: −$2.95
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $114.57
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago	8.81 bp	24.4 bp −$24	106.1 bp −$1,061	doesn't fit	doesn't fit

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	0.2136	−5.972%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0564%	1h	0.2272	long leg	$51K	$27K	20x
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2266	−0.250%	$10K	$45K	50x	as long as short
01 Exchange BERAUSD	−0.0088%	1h	0.2272	+0.015%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2272	+0.015%	$4K	$63K	25x	as long as short
Variational Omni BERA	+0.0059%	4h	0.2266	−0.271%	$84K	$53K	—	as long as short
Bybit BERAUSDT	+0.0094%	4h	0.2267	−0.206%	$3.1M	$4.2M	25x	as long as short
Lighter BERA	+0.0096%	1h	0.2271	−0.016%	$63K	$93K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2273	+0.043%	$13K	$28K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2272	+0.015%	$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
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2268	−0.162%	$1.5M	$3.3M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2270	−0.073%	$339K	$388K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2272	+0.015%	$1.2M	$434K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2269	−0.118%	$550K	$221K	50x	as long as short
Bitget BERAUSDTshort	+0.0100%	4h	0.2271	−0.029%	$1.5M	$1.1M	50x
BingX BERA-USDT	+0.0100%	4h	0.2269	−0.118%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2274	+0.103%	$107K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	−0.073%	$32K	$456K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2271	−0.029%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2271	−0.029%	$374	$6K	5x	as long as short
BloFin BERA-USDT	+0.0142%	4h	0.2273	+0.059%	$295K	$88K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2271	−0.010%	$2K	—	100x	as long as short
Backpack BERA_USDC_PERP	+0.0494%	1h	0.2273	+0.041%	$37K	$154K	5x	as long as short
Hyperliquid BERA	+0.0928%	1h	0.2275	+0.151%	$2.9M	$987K	5x	as long as short