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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Lighter−0.043%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.043% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BERA0.23000.0096pay 0.0012% / 1h8m 04s$65K$72K5x
ShortSoDEX BERA-USD0.22990.0100get 0.0013% / 1h8m 04s$368$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.84
Price spread: −0.043% → 0.000%
−$4.35
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$11.51
Costs to cover
0.080%
Break-even
102.9 days
Slippage unknown: Lighter: no order-book sample; SoDEX: 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 SoDEX no order-book sample
Lighter and SoDEX: 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%1h0.2154−6.344%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.1276%1h0.2297−0.113%$51K$21K20xas long as short
01 Exchange BERAUSD−0.0128%1h0.2301+0.048%$3K$8505xas long as short
Orderly PERP_BERA_USDC+0.0075%4h0.2300+0.004%$9K$81510xas long as short
BloFin BERA-USDT+0.0087%4h0.2301+0.048%$277K$73K75xas long as short
Lighter BERAlong+0.0096%1h0.2300long leg$65K$72K5x
Hyperliquid BERA+0.0100%1h0.2303+0.122%$2.9M$571K5xas long as short
Aster BERAUSDT+0.0100%4h0.2303+0.143%$14K$21K5xas long as short
Binance BERAUSDT+0.0100%4h0.2300+0.011%$5.4M$8.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2299−0.039%$3.1M$1.9M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BERA-USDT-SWAP+0.0100%4h0.2299−0.039%$1.4M$1.9M20xas long as short
Gate BERA_USDT+0.0100%4h0.2302+0.091%$340K$265K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2301+0.048%$1.2M$324K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2304+0.178%$554K$126K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2302+0.091%$1.5M$750K50xas long as short
BingX BERA-USDT+0.0100%4h0.2300+0.004%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2300+0.017%$23K$208K5xas long as short
Variational Omni BERA+0.0100%4h0.2299−0.056%$82K$51Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2303+0.130%$116K$3.0M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2300+0.004%$53K$491K50xas long as short
SoDEX BERA-USDshort+0.0100%1h0.2299−0.043%$368$6K5x
Deribit BERA_USDC-PERPETUAL+0.0185%1h0.2300+0.004%$9K$39K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2299−0.021%$2K100xas long as short
Coinbase International BERA-PERP-INTX+0.0952%1h0.2308+0.352%$19K$48K50xas long as short