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+0.0492%/8h= +53.9% APRnext payment +$0.62 per $10,000 · paid last 24h +0.139%
Price spread now: GMX against SoDEX+0.022%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.022% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BERA-USD0.22990.0100pay 0.0013% / 1h8m 11s$368$6K5x
ShortGMX BERA/USD [ETH-USDC]0.2299L +0.0206% / S −0.0592%get 0.0074% / 1h8m 11s$2K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against SoDEX. 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
$103.42
Price spread: +0.022% → 0.000%
$2.22
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$85.64
Costs to cover
0.200%
Break-even
1.2 days
Slippage unknown: SoDEX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell GMX no order-book sample
SoDEX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2154−6.303%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.1276%1h0.2297−0.070%$51K$21K20xas long as short
01 Exchange BERAUSD−0.0128%1h0.2301+0.091%$3K$8505xas long as short
Orderly PERP_BERA_USDC+0.0075%4h0.2300+0.048%$9K$81510xas long as short
BloFin BERA-USDT+0.0087%4h0.2301+0.091%$277K$73K75xas long as short
Lighter BERA+0.0096%1h0.2300+0.043%$65K$72K5xas long as short
Hyperliquid BERA+0.0100%1h0.2303+0.187%$2.9M$571K5xas long as short
Aster BERAUSDT+0.0100%4h0.2303+0.190%$14K$21K5xas long as short
Binance BERAUSDT+0.0100%4h0.2301+0.074%$5.4M$8.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2298−0.039%$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+0.004%$1.4M$1.9M20xas long as short
Gate BERA_USDT+0.0100%4h0.2302+0.135%$340K$265K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2301+0.091%$1.2M$324K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2303+0.178%$554K$126K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2302+0.135%$1.5M$750K50xas long as short
BingX BERA-USDT+0.0100%4h0.2301+0.091%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2300+0.065%$23K$208K5xas long as short
Variational Omni BERA+0.0100%4h0.2299−0.012%$82K$51Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2303+0.174%$116K$3.0M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2300+0.048%$53K$491K50xas long as short
SoDEX BERA-USDlong+0.0100%1h0.2299long leg$368$6K5x
Deribit BERA_USDC-PERPETUAL+0.0185%1h0.2300+0.048%$9K$39K25xas long as short
GMX BERA/USD [ETH-USDC]shortL +0.0206% / S −0.0592%1h0.2299+0.022%$2K100x
Coinbase International BERA-PERP-INTX+0.0952%1h0.2308+0.396%$19K$48K50xas long as short