Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0979%/8h= +107.2% APRpaid last 24h +0.044%

Price spread now: Backpack against MEXC+0.080%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.080%, 7d avg +0.019%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Backpack is 0.061% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BERA_USDT	0.2247	0.0100	pay 0.0050% / 4h	2h 09m	$1.2M	$449K	20x
Short	Backpack BERA_USDC_PERP	0.2249	0.1079	get 0.0135% / 1h	9m 02s	$40K	$167K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now +0.080%Rate

Funding earned: $205.53
Price spread: +0.080% → +0.019%: $6.12
Slippage, 4 orders: −$24.6
Fee MEXC: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $169.04
Costs to cover: 0.426%
Break-even: 1.2 days

Slippage from MEXC: live order book, 2 min ago; Backpack: live order book, 59 min ago.

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 MEXC live order book, 2 min ago	2.22 bp	10.5 bp −$11	17.8 bp −$178	205.5 bp −$20.5K	doesn't fit
Sell Backpack live order book, 59 min ago	0.22 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit

BERA on 23 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	0.2116	−5.830%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1067%	1h	0.2248	+0.042%	$50K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0280%	1h	0.2234	−0.579%	$15K	$51K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2247	+0.013%	$61K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2247	−0.001%	$15K	$26K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2248	+0.027%	$5.3M	$14.0M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2244	−0.134%	$3.0M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2245	−0.089%	$1.4M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2248	+0.045%	$335K	$389K	50x	as long as short
MEXC BERA_USDTlong	+0.0100%	4h	0.2247	long leg	$1.2M	$449K	20x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2246	−0.045%	$535K	$232K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2247	0.000%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2247	0.000%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2247	−0.017%	$83K	$48K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2250	+0.134%	$32K	$458K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2246	−0.045%	$8K	$883	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2247	−0.018%	$363	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0195%	1h	0.2247	0.000%	$4K	$54K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2245	−0.068%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0336%	1h	0.2251	+0.165%	$2.8M	$912K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0440%	4h	0.2253	+0.267%	$106K	$3.2M	10x	as long as short
01 Exchange BERAUSD	+0.0440%	1h	0.2246	−0.045%	$3K	$3K	5x	as long as short
Backpack BERA_USDC_PERPshort	+0.1079%	1h	0.2249	+0.080%	$40K	$167K	5x