Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.013%

Price spread now: GRVT against SoDEX−0.043%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.043% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BERA-USD	0.2290	0.0100	pay 0.0013% / 1h	12m 42s	$373	$6K	5x
Short	GRVT BERA_USDT_Perp	0.2289	0.0162	get 0.0081% / 4h	3h 12m	$109K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SoDEXbpFee GRVTbpOrdersPrice spread, now −0.043%Rate

Funding earned: $13.02
Price spread: −0.043% → 0.000%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$8.31
Costs to cover: 0.170%
Break-even: 11.5 days

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 1 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 1 min ago	10.90 bp	32.0 bp −$32	65.3 bp −$653	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−0.5000%	1h	0.2152	−6.018%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0527%	1h	0.2287	−0.120%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2276	−0.603%	$9K	$45K	50x	as long as short
Variational Omni BERA	−0.0158%	4h	0.2281	−0.378%	$84K	$49K	—	as long as short
BloFin BERA-USDT	+0.0061%	4h	0.2288	−0.079%	$291K	$90K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2291	+0.048%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2288	−0.059%	$13K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2291	+0.052%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2288	−0.079%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2288	−0.079%	$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	−0.035%	$340K	$376K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2291	+0.052%	$1.3M	$447K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2288	−0.079%	$544K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2289	−0.035%	$1.4M	$1.0M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2290	+0.009%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	+0.009%	$32K	$456K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2290	+0.009%	$9K	$903	10x	as long as short
SoDEX BERA-USDlong	+0.0100%	1h	0.2290	long leg	$373	$6K	5x
GRVT BERA_USDT_Perpshort	+0.0162%	4h	0.2289	−0.043%	$109K	$2.9M	10x
Deribit BERA_USDC-PERPETUAL	+0.0187%	1h	0.2291	+0.052%	$4K	$56K	25x	as long as short
01 Exchange BERAUSD	+0.0192%	1h	0.2294	+0.183%	$4K	$2K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2288	−0.081%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0219%	1h	0.2295	+0.214%	$2.9M	$909K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0670%	1h	0.2292	+0.079%	$37K	$150K	5x	as long as short