Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h −9.520%

Price spread now: GRVT against Kraken Futures−0.006%75s7-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 GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−17.197%−$1,720 on $10k

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

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds 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: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −17.197%, so the current rate has only just turned in your favour. The two prices were read 75 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	0.2266	0.0000	get 0.0000% / 1h	10m 20s	$51K	$24K	20x
Short	GRVT BERA_USDT_Perp	0.2266	0.0100	get 0.0050% / 4h	1h 10m	$114K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.006%Rate

Funding earned: $21.06
Price spread: −0.006% → 0.000%: −$0.56
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1.5
Costs to cover: 0.190%
Break-even: 6.5 days

Slippage unknown: Kraken Futures: no order-book sample; GRVT: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	4.41 bp	17.8 bp −$18	43.5 bp −$435	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	0.2131	−5.963%	$2K	$4K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0320%	1h	0.2259	−0.314%	$9K	$45K	50x	as long as short
Kraken Futures PF_BERAUSDlong	0.0000%	1h	0.2266	long leg	$51K	$24K	20x
BloFin BERA-USDT	+0.0043%	4h	0.2265	−0.050%	$288K	$88K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2266	−0.006%	$62K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2267	+0.047%	$13K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2266	−0.006%	$5.5M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2262	−0.182%	$3.0M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2263	−0.138%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2265	−0.050%	$334K	$394K	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	0.2266	−0.006%	$1.2M	$433K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2263	−0.138%	$546K	$222K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2265	−0.050%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2265	−0.050%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2261	−0.218%	$83K	$49K	—	as long as short
GRVT BERA_USDT_Perpshort	+0.0100%	4h	0.2266	−0.006%	$114K	$2.8M	10x
ApeX Omni BERAUSDT	+0.0100%	1h	0.2260	−0.270%	$32K	$457K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2266	−0.006%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2266	−0.006%	$371	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0176%	1h	0.2265	−0.050%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0192%	1h	0.2266	−0.006%	$4K	$62K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2265	−0.041%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0472%	1h	0.2269	+0.127%	$2.9M	$948K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0761%	1h	0.2267	+0.025%	$36K	$149K	5x	as long as short