Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.054%

Price spread now: Gate against 01 Exchange−0.175%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 Gate

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

Funding pays, the price is against you. Gate is 0.175% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.175% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 9.7 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	01 Exchange BERAUSD	0.2281	0.0040	pay 0.0005% / 1h	17m 04s	$4K	$2K	5x
Short	Gate BERA_USDT	0.2277	0.0100	get 0.0050% / 4h	2h 17m	$337K	$390K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.175%Rate

Funding earned: $12.6
Price spread: −0.175% → 0.000%: −$17.54
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.94
Costs to cover: 0.220%
Break-even: 22.0 days

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	6.58 bp	44.3 bp −$44	doesn't fit	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 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	0.2144	−6.006%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0563%	1h	0.2278	−0.141%	$51K	$26K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2259	−0.964%	$10K	$45K	50x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2277	−0.175%	$4K	$62K	25x	as long as short
01 Exchange BERAUSDlong	+0.0040%	1h	0.2281	long leg	$4K	$2K	5x
BloFin BERA-USDT	+0.0074%	4h	0.2279	−0.088%	$291K	$88K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2276	−0.232%	$63K	$93K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2276	−0.205%	$13K	$28K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2276	−0.231%	$5.5M	$13.6M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2272	−0.395%	$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	0.2273	−0.351%	$1.5M	$3.3M	20x	as long as short
Gate BERA_USDTshort	+0.0100%	4h	0.2277	−0.175%	$337K	$390K	50x
MEXC BERA_USDT	+0.0100%	4h	0.2275	−0.263%	$1.2M	$436K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2275	−0.263%	$551K	$220K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2276	−0.219%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2277	−0.175%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2277	−0.159%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2282	+0.043%	$106K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	−0.044%	$34K	$456K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2276	−0.219%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2275	−0.272%	$373	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2276	−0.222%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0857%	1h	0.2281	−0.004%	$2.9M	$965K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0929%	1h	0.2278	−0.145%	$38K	$149K	5x	as long as short