Settings8H · net · $10k
Funding arb · Price arb /

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.5184%/8h= −567.6% APRnext payment $6.48 per $10,000 · paid last 24h −0.990%
Price spread now: Injective against 01 Exchange−6.078%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 3 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 −$156 a day on $10k at the current rate, and Injective is 6.078% cheaper against 01 Exchange than usual: you would sell low and buy high (−$608 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BERAUSD0.22870.0184pay 0.0023% / 1h18m 45s$4K$2K5x
ShortInjective BERA/USDC PERP0.2148−0.5000pay 0.0625% / 1h18m 45s$2K$5K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$1,088.64
Price spread: −6.078% → 0.000%
−$607.78
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$1,703.44
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Injective: 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 01 Exchange no order-book sample
Sell Injective no order-book sample
01 Exchange and Injective: 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 PERPshort−0.5000%1h0.2148−6.078%$2K$5K12x
Kraken Futures PF_BERAUSD−0.0528%1h0.2279−0.350%$51K$25K20xas long as short
Coinbase International BERA-PERP-INTX−0.0328%1h0.2281−0.262%$10K$45K50xas long as short
Variational Omni BERA−0.0170%4h0.2282−0.235%$84K$49Kas long as short
Bybit BERAUSDT+0.0076%4h0.2274−0.568%$3.1M$4.1M25xas long as short
Lighter BERA+0.0096%1h0.2277−0.450%$62K$90K5xas long as short
Aster BERAUSDT+0.0100%4h0.2280−0.327%$13K$24K5xas long as short
Binance BERAUSDT+0.0100%4h0.2276−0.476%$5.6M$13.5M50xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2274−0.568%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2282−0.219%$339K$376K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2276−0.481%$1.3M$438K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2280−0.306%$542K$228K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2277−0.437%$1.4M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2278−0.394%$6.6Mas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2290+0.131%$32K$456K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2285−0.087%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2282−0.210%$372$6K5xas long as short
BloFin BERA-USDT+0.0114%4h0.2288+0.044%$291K$90K75xas long as short
01 Exchange BERAUSDlong+0.0184%1h0.2287long leg$4K$2K5x
Hyperliquid BERA+0.0184%1h0.2282−0.214%$2.9M$908K5xas long as short
GRVT BERA_USDT_Perp+0.0186%4h0.2287−0.001%$118K$2.9M10xas long as short
Deribit BERA_USDC-PERPETUAL+0.0188%1h0.2285−0.087%$4K$56K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2285−0.070%$2K100xas long as short
Backpack BERA_USDC_PERP+0.0623%1h0.2283−0.184%$37K$150K5xas long as short