Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0519%/8h= +56.9% APRpaid last 24h −9.440%

Price spread now: Gate against Kraken Futures0.000%51s7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−17.162%−$1,716 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: +$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −17.162%, so the current rate has only just turned in your favour. The two prices were read 51 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	Kraken Futures PF_BERAUSD	0.2282	−0.0419	get 0.0052% / 1h	27m 23s	$51K	$24K	20x
Short	Gate BERA_USDT	0.2282	0.0100	get 0.0050% / 4h	27m 23s	$338K	$390K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $109.07
Price spread: 0.000% → 0.000%: −$0.05
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $84.02
Costs to cover: 0.250%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 48 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 Gate live order book, 48 min ago	2.21 bp	34.2 bp −$34	doesn't fit	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	−6.004%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0419%	1h	0.2282	long leg	$51K	$24K	20x
Coinbase International BERA-PERP-INTX	−0.0296%	1h	0.2259	−1.008%	$9K	$45K	50x	as long as short
BloFin BERA-USDT	+0.0055%	4h	0.2282	0.000%	$292K	$84K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2281	−0.031%	$62K	$90K	5x	as long as short
Variational Omni BERA	+0.0099%	4h	0.2280	−0.078%	$84K	$49K	—	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2282	0.000%	$13K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2283	+0.022%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2279	−0.132%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2278	−0.176%	$1.5M	$3.2M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDTshort	+0.0100%	4h	0.2282	0.000%	$338K	$390K	50x
MEXC BERA_USDT	+0.0100%	4h	0.2282	0.000%	$1.3M	$434K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2280	−0.088%	$545K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2282	0.000%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2279	−0.132%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2287	+0.219%	$118K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	−0.088%	$37K	$460K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2282	0.000%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2283	+0.039%	$368	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0188%	1h	0.2282	0.000%	$4K	$62K	25x	as long as short
01 Exchange BERAUSD	+0.0192%	1h	0.2283	+0.043%	$4K	$2K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2283	+0.036%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0474%	1h	0.2286	+0.184%	$2.9M	$954K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0838%	1h	0.2283	+0.043%	$37K	$147K	5x	as long as short