Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0864%/8h= +94.6% APRpaid last 24h −7.132%

Price spread now: MEXC against Kraken Futures+0.017%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−17.079%−$1,708 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: +$26 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −17.079%, 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	0.2285	−0.0764	get 0.0095% / 1h	54m 40s	$51K	$25K	20x
Short	MEXC BERA_USDT	0.2285	0.0100	get 0.0050% / 4h	2h 54m	$1.2M	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.017%Rate

Funding earned: $181.44
Price spread: +0.017% → 0.000%: $1.71
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $165.14
Costs to cover: 0.180%
Break-even: 0.6 days

Slippage unknown: Kraken Futures: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	2.19 bp	14.3 bp −$14	36.6 bp −$366	255.7 bp −$25.6K	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	0.2148	−5.980%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0764%	1h	0.2285	long leg	$51K	$25K	20x
Lighter BERA	+0.0096%	1h	0.2285	+0.030%	$65K	$73K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2285	+0.015%	$17K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2285	+0.017%	$5.4M	$9.9M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2282	−0.114%	$3.1M	$2.4M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2283	−0.070%	$1.4M	$2.1M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2284	−0.027%	$359K	$257K	50x	as long as short
MEXC BERA_USDTshort	+0.0100%	4h	0.2285	+0.017%	$1.2M	$343K	20x
KuCoin BERAUSDTM	+0.0100%	4h	0.2285	+0.017%	$548K	$131K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BERAUSDT	+0.0100%	4h	0.2284	−0.027%	$1.5M	$786K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2283	−0.070%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2286	+0.070%	$29K	$150K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2283	−0.088%	$84K	$52K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2286	+0.068%	$112K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	−0.202%	$39K	$452K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2285	+0.017%	$9K	$937	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2286	+0.039%	$370	$6K	5x	as long as short
BloFin BERA-USDT	+0.0155%	4h	0.2286	+0.061%	$284K	$73K	75x	as long as short
Coinbase International BERA-PERP-INTX	+0.0160%	1h	0.2298	+0.586%	$20K	$61K	50x	as long as short
01 Exchange BERAUSD	+0.0176%	1h	0.2283	−0.070%	$3K	$864	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0187% / S −0.0531%	1h	0.2284	−0.019%	$2K	—	100x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0188%	1h	0.2286	+0.061%	$8K	$50K	25x	as long as short
Hyperliquid BERA	+0.0520%	1h	0.2290	+0.232%	$2.9M	$599K	5x	as long as short