Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.041%

Price spread now: Bybit against 01 Exchange−0.177%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.177% cheaper against 01 Exchange than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BERAUSD	0.2258	0.0384	pay 0.0048% / 1h	32m 55s	$4K	$2K	5x
Short	Bybit BERAUSDT	0.2254	0.0100	get 0.0050% / 4h	2h 32m	$3.0M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −0.177%Rate

Funding earned: −$59.64
Price spread: −0.177% → 0.000%: −$17.71
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.35
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 5 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	2.22 bp	22.9 bp −$23	95.6 bp −$956	doesn't fit	doesn't fit

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 23 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	0.2127	−5.802%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1063%	1h	0.2255	−0.120%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0280%	1h	0.2234	−1.063%	$15K	$51K	50x	as long as short
Variational Omni BERA	−0.0041%	4h	0.2255	−0.148%	$83K	$49K	—	as long as short
Lighter BERA	+0.0096%	1h	0.2255	−0.137%	$61K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2254	−0.188%	$15K	$26K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2258	−0.014%	$5.4M	$14.0M	50x	as long as short
Bybit BERAUSDTshort	+0.0100%	4h	0.2254	−0.177%	$3.0M	$4.1M	25x
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2255	−0.133%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2256	−0.089%	$333K	$378K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2257	−0.044%	$1.2M	$442K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2254	−0.177%	$536K	$229K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2255	−0.133%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2256	−0.089%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2250	−0.354%	$32K	$464K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2255	−0.133%	$9K	$883	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2255	−0.155%	$363	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2255	−0.149%	$2K	—	100x	as long as short
GRVT BERA_USDT_Perp	+0.0288%	4h	0.2259	+0.044%	$105K	$3.1M	10x	as long as short
Hyperliquid BERA	+0.0341%	1h	0.2257	−0.031%	$2.9M	$924K	5x	as long as short
01 Exchange BERAUSDlong	+0.0384%	1h	0.2258	long leg	$4K	$2K	5x
Deribit BERA_USDC-PERPETUAL	+0.0637%	1h	0.2257	−0.044%	$4K	$56K	25x	as long as short
Backpack BERA_USDC_PERP	+0.0990%	1h	0.2257	−0.040%	$42K	$166K	5x	as long as short