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−0.1373%/8h= −150.3% APRnext payment $1.72 per $10,000 · paid last 24h +5.262%
Price spread now: Kraken Futures against SoDEX−0.248%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$41 a day on $10k at the current rate, and Kraken Futures is 0.248% cheaper against SoDEX than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BERA-USD0.23090.0100pay 0.0013% / 1h2m 06s$370$6K5x
ShortKraken Futures PF_BERAUSD0.2303−0.1273pay 0.0159% / 1h2m 06s$52K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
−$288.26
Price spread: −0.248% → 0.000%
−$24.79
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$331.05
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample
SoDEX and Kraken Futures: 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%1h0.2154−6.697%$2K$4K12xas long as short
Kraken Futures PF_BERAUSDshort−0.1273%1h0.2303−0.248%$52K$21K20x
01 Exchange BERAUSD−0.0112%1h0.2311+0.104%$3K$8505xas long as short
Orderly PERP_BERA_USDC+0.0075%4h0.2309+0.017%$9K$81510xas long as short
BloFin BERA-USDT+0.0090%4h0.2302−0.286%$278K$72K75xas long as short
Lighter BERA+0.0096%1h0.2309+0.017%$65K$72K5xas long as short
Hyperliquid BERA+0.0100%1h0.2311+0.126%$2.9M$576K5xas long as short
Aster BERAUSDT+0.0100%4h0.2308−0.009%$14K$21K5xas long as short
Binance BERAUSDT+0.0100%4h0.2309+0.017%$5.5M$8.6M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2306−0.113%$3.1M$1.9M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BERA-USDT-SWAP+0.0100%4h0.2306−0.113%$1.4M$1.9M20xas long as short
Gate BERA_USDT+0.0100%4h0.2310+0.061%$341K$268K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2310+0.061%$1.2M$324K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2310+0.061%$557K$131K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2309+0.017%$1.5M$759K50xas long as short
BingX BERA-USDT+0.0100%4h0.2307−0.069%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2309+0.035%$24K$209K5xas long as short
Variational Omni BERA+0.0100%4h0.2298−0.454%$82K$51Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2302−0.286%$116K$3.0M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2300−0.373%$53K$493K50xas long as short
SoDEX BERA-USDlong+0.0100%1h0.2309long leg$370$6K5x
Deribit BERA_USDC-PERPETUAL+0.0183%1h0.2309+0.017%$9K$39K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2308−0.029%$2K100xas long as short
Coinbase International BERA-PERP-INTX+0.0952%1h0.2320+0.494%$18K$49K50xas long as short