Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0627%/8h= +68.6% APRpaid last 24h −9.048%

Price spread now: Bybit against Kraken Futures−0.003%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−17.210%−$1,721 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −17.210%, 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	0.2286	−0.0527	get 0.0066% / 1h	15m 06s	$51K	$25K	20x
Short	Bybit BERAUSDT	0.2286	0.0100	get 0.0050% / 4h	3h 15m	$3.1M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $131.62
Price spread: −0.003% → 0.000%: −$0.27
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $110.35
Costs to cover: 0.210%
Break-even: 1.1 days

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.19 bp	23.6 bp −$24	76.4 bp −$764	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	0.2145	−6.170%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0527%	1h	0.2286	long leg	$51K	$25K	20x
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2276	−0.440%	$9K	$45K	50x	as long as short
Variational Omni BERA	−0.0158%	4h	0.2281	−0.215%	$84K	$49K	—	as long as short
Lighter BERA	+0.0096%	1h	0.2289	+0.115%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2285	−0.051%	$13K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2289	+0.118%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDTshort	+0.0100%	4h	0.2286	−0.003%	$3.1M	$4.1M	25x
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2287	+0.041%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2284	−0.090%	$339K	$376K	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	0.2288	+0.085%	$1.2M	$447K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2284	−0.090%	$543K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2287	+0.041%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2285	−0.046%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	−0.265%	$32K	$456K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2288	+0.085%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2289	+0.115%	$373	$6K	5x	as long as short
BloFin BERA-USDT	+0.0119%	4h	0.2290	+0.172%	$292K	$90K	75x	as long as short
GRVT BERA_USDT_Perp	+0.0140%	4h	0.2285	−0.046%	$107K	$2.9M	10x	as long as short
01 Exchange BERAUSD	+0.0184%	1h	0.2289	+0.129%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0187%	1h	0.2289	+0.129%	$4K	$56K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2287	+0.059%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0208%	1h	0.2291	+0.238%	$2.9M	$909K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0640%	1h	0.2291	+0.203%	$37K	$150K	5x	as long as short