Settings8H · net · $10k
Funding arb · Price arb /

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0659%/8h= −72.1% APRnext payment $0.82 per $10,000 · paid last 24h +9.514%
Price spread now: Kraken Futures against Lighter+0.030%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+17.321%+$1,732 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Kraken Futures is 0.030% dearer against Lighter than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +17.321%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BERA0.22780.0096pay 0.0012% / 1h23m 55s$63K$93K5x
ShortKraken Futures PF_BERAUSD0.2279−0.0563pay 0.0070% / 1h23m 55s$51K$26K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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

Funding earned
−$138.32
Price spread: +0.030% → 0.000%
$2.95
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$145.37
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Kraken Futures no order-book sample
Lighter and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2137−6.190%$2K$4K12xas long as short
Kraken Futures PF_BERAUSDshort−0.0563%1h0.2279+0.030%$51K$26K20x
Coinbase International BERA-PERP-INTX−0.0304%1h0.2259−0.834%$10K$45K50xas long as short
01 Exchange BERAUSD+0.0008%1h0.2279+0.044%$4K$2K5xas long as short
Lighter BERAlong+0.0096%1h0.2278long leg$63K$93K5x
Aster BERAUSDT+0.0100%4h0.2277−0.031%$13K$28K5xas long as short
Binance BERAUSDT+0.0100%4h0.22780.000%$5.5M$13.6M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2274−0.176%$3.1M$4.2M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2274−0.176%$1.5M$3.3M20xas long as short
Gate BERA_USDT+0.0100%4h0.2276−0.088%$336K$390K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.22780.000%$1.2M$435K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2273−0.219%$551K$220K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2277−0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2276−0.088%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2271−0.311%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2276−0.087%$106K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2270−0.351%$32K$454K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.22780.000%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2278−0.022%$373$6K5xas long as short
BloFin BERA-USDT+0.0130%4h0.2272−0.263%$291K$88K75xas long as short
Deribit BERA_USDC-PERPETUAL+0.0189%1h0.2280+0.088%$4K$62K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2278−0.014%$2K100xas long as short
Backpack BERA_USDC_PERP+0.0799%1h0.2279+0.057%$38K$150K5xas long as short
Hyperliquid BERA+0.0866%1h0.2283+0.202%$2.9M$954K5xas long as short