Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h −9.037%

Price spread now: KuCoin against Kraken Futures−0.065%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−17.266%−$1,727 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. KuCoin is 0.065% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −17.266%, 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	0.2278	−0.0528	get 0.0066% / 1h	36m 04s	$51K	$25K	20x
Short	KuCoin BERAUSDTM	0.2277	0.0100	get 0.0050% / 4h	3h 36m	$542K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $131.98
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $103.5
Costs to cover: 0.220%
Break-even: 1.5 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 17 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 KuCoin live order book, 17 min ago	6.61 bp	81.9 bp −$82	167.9 bp −$1,679	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	0.2141	−6.034%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0528%	1h	0.2278	long leg	$51K	$25K	20x
Bybit BERAUSDT	−0.0342%	4h	0.2277	−0.065%	$3.1M	$4.1M	25x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2265	−0.592%	$9K	$44K	50x	as long as short
Variational Omni BERA	−0.0195%	4h	0.2277	−0.080%	$84K	$49K	—	as long as short
BloFin BERA-USDT	+0.0085%	4h	0.2275	−0.153%	$291K	$89K	75x	as long as short
OKX BERA-USDT-SWAP	+0.0090%	4h	0.2277	−0.065%	$1.5M	$3.2M	20x	as long as short
Lighter BERA	+0.0096%	1h	0.2279	+0.019%	$62K	$90K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2283	+0.190%	$2.9M	$920K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2280	+0.045%	$13K	$24K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BERAUSDT	+0.0100%	4h	0.2280	+0.067%	$5.6M	$13.6M	50x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2275	−0.153%	$337K	$375K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2279	+0.023%	$1.3M	$436K	20x	as long as short
KuCoin BERAUSDTMshort	+0.0100%	4h	0.2277	−0.065%	$542K	$229K	50x
Bitget BERAUSDT	+0.0100%	4h	0.2279	+0.023%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2277	−0.065%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2273	−0.240%	$110K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	−0.372%	$32K	$458K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2280	+0.067%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2280	+0.062%	$370	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0144%	1h	0.2280	+0.067%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0189%	1h	0.2281	+0.111%	$4K	$58K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2280	+0.065%	$2K	—	100x	as long as short
Backpack BERA_USDC_PERP	+0.0370%	1h	0.2281	+0.102%	$37K	$149K	5x	as long as short