Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0623%/8h= −68.3% APRpaid last 24h +9.516%

Price spread now: Kraken Futures against Variational Omni+0.163%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.163% dearer against Variational Omni than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BERA	0.2264	0.0058	pay 0.0029% / 4h	2h 35m	$83K	$49K	—
Short	Kraken Futures PF_BERAUSD	0.2268	−0.0565	pay 0.0071% / 1h	35m 30s	$51K	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$130.9
Price spread: +0.163% → 0.000%: $16.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$124.65
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−0.5000%	1h	0.2132	−5.831%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSDshort	−0.0565%	1h	0.2268	+0.163%	$51K	$27K	20x
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2259	−0.221%	$10K	$45K	50x	as long as short
01 Exchange BERAUSD	−0.0056%	1h	0.2272	+0.353%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2269	+0.220%	$4K	$62K	25x	as long as short
Variational Omni BERAlong	+0.0058%	4h	0.2264	long leg	$83K	$49K	—
Lighter BERA	+0.0096%	1h	0.2270	+0.282%	$63K	$93K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2292	+1.236%	$14K	$28K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2272	+0.336%	$5.5M	$13.7M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2267	+0.132%	$3.1M	$4.2M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2267	+0.132%	$1.5M	$3.3M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2266	+0.088%	$338K	$388K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2270	+0.265%	$1.2M	$435K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2264	0.000%	$549K	$220K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2270	+0.265%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2268	+0.176%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2272	+0.353%	$105K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.265%	$32K	$455K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2269	+0.220%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2269	+0.234%	$372	$6K	5x	as long as short
BloFin BERA-USDT	+0.0119%	4h	0.2272	+0.353%	$294K	$88K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2269	+0.240%	$2K	—	100x	as long as short
Backpack BERA_USDC_PERP	+0.0548%	1h	0.2272	+0.335%	$39K	$149K	5x	as long as short
Hyperliquid BERA	+0.0896%	1h	0.2276	+0.512%	$2.9M	$984K	5x	as long as short