Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h −0.030%

Price spread now: 01 Exchange against Orderly−0.174%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on 01 Exchange

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. 01 Exchange is 0.174% cheaper against Orderly than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 4.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BERA_USDC	0.2297	0.0100	pay 0.0050% / 4h	56m 26s	$9K	$1K	10x
Short	01 Exchange BERAUSD	0.2293	0.0232	get 0.0029% / 1h	56m 26s	$4K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Orderly. 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 OrderlybpFee 01 ExchangebpOrdersPrice spread, now −0.174%Rate

Funding earned: $27.72
Price spread: −0.174% → 0.000%: −$17.41
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$2.69
Costs to cover: 0.130%
Break-even: 7.7 days

Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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 Orderly no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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	0.2156	−6.138%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0418%	1h	0.2290	−0.305%	$51K	$24K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0296%	1h	0.2259	−1.654%	$9K	$45K	50x	as long as short
BloFin BERA-USDT	+0.0076%	4h	0.2288	−0.392%	$288K	$88K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2292	−0.226%	$63K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2292	−0.204%	$14K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2296	−0.064%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2292	−0.218%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2293	−0.174%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2292	−0.218%	$338K	$388K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2294	−0.131%	$1.2M	$423K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2291	−0.261%	$556K	$223K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2295	−0.087%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2294	−0.131%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2274	−0.993%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2281	−0.697%	$106K	$2.7M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−0.305%	$34K	$461K	50x	as long as short
Orderly PERP_BERA_USDClong	+0.0100%	4h	0.2297	long leg	$9K	$1K	10x
SoDEX BERA-USD	+0.0100%	1h	0.2294	−0.131%	$376	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2296	−0.023%	$2K	—	100x	as long as short
01 Exchange BERAUSDshort	+0.0232%	1h	0.2293	−0.174%	$4K	$2K	5x
Hyperliquid BERA	+0.0330%	1h	0.2298	+0.057%	$2.9M	$949K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0622%	1h	0.2296	−0.044%	$4K	$62K	25x	as long as short
Backpack BERA_USDC_PERP	+0.1501%	1h	0.2294	−0.109%	$37K	$149K	5x	as long as short