Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.109%

Price spread now: GMX against MEXC−0.133%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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. GMX is 0.133% cheaper against MEXC than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 22 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BERA_USDT	0.2291	0.0100	pay 0.0050% / 4h	3h 12m	$1.3M	$447K	20x
Short	GMX BERA/USD [ETH-USDC]	0.2288	L +0.0206% / S −0.0592%	get 0.0074% / 1h	12m 43s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $103.42
Price spread: −0.133% → 0.000%: −$13.31
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $70.11
Costs to cover: 0.200%
Break-even: 2.3 days

Slippage unknown: MEXC: live order book, 4 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	2.18 bp	12.8 bp −$13	36.1 bp −$361	259.8 bp −$26.0K	388.9 bp −$194.5K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.2152	−6.067%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0527%	1h	0.2287	−0.172%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2276	−0.655%	$9K	$45K	50x	as long as short
Variational Omni BERA	−0.0158%	4h	0.2281	−0.430%	$84K	$49K	—	as long as short
BloFin BERA-USDT	+0.0061%	4h	0.2288	−0.131%	$291K	$90K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2291	−0.004%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2288	−0.111%	$13K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2291	0.000%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2288	−0.131%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2288	−0.131%	$1.5M	$3.2M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDT	+0.0100%	4h	0.2289	−0.087%	$340K	$376K	50x	as long as short
MEXC BERA_USDTlong	+0.0100%	4h	0.2291	long leg	$1.3M	$447K	20x
KuCoin BERAUSDTM	+0.0100%	4h	0.2288	−0.131%	$544K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2289	−0.087%	$1.4M	$1.0M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2290	−0.044%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−0.044%	$32K	$456K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2290	−0.044%	$9K	$903	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2290	−0.052%	$373	$6K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0162%	4h	0.2289	−0.096%	$109K	$2.9M	10x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0187%	1h	0.2291	0.000%	$4K	$56K	25x	as long as short
01 Exchange BERAUSD	+0.0192%	1h	0.2294	+0.131%	$4K	$2K	5x	as long as short
GMX BERA/USD [ETH-USDC]short	L +0.0206% / S −0.0592%	1h	0.2288	−0.133%	$2K	—	100x
Hyperliquid BERA	+0.0219%	1h	0.2295	+0.162%	$2.9M	$909K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0670%	1h	0.2292	+0.026%	$37K	$150K	5x	as long as short