Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h +0.017%

Price spread now: Orderly against 01 Exchange+0.043%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.043% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 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	01 Exchange BERAUSD	0.2305	0.0264	pay 0.0033% / 1h	3m 48s	$3K	$3K	5x
Short	Orderly PERP_BERA_USDC	0.2306	0.0100	get 0.0050% / 4h	3m 48s	$9K	$937	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.043%Rate

Funding earned: −$34.44
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$43.1
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Orderly: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

01 Exchange and Orderly: 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	0.2170	−5.857%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0487%	1h	0.2308	+0.110%	$52K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2300	−0.217%	$15K	$51K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2309	+0.178%	$62K	$81K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2308	+0.123%	$15K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2310	+0.217%	$5.4M	$13.6M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2306	+0.043%	$3.1M	$3.8M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2306	+0.043%	$1.5M	$3.0M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2308	+0.130%	$375K	$370K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2309	+0.174%	$1.2M	$401K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2308	+0.130%	$553K	$223K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2308	+0.130%	$1.5M	$982K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2307	+0.087%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2304	−0.061%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2310	+0.217%	$51K	$442K	50x	as long as short
Orderly PERP_BERA_USDCshort	+0.0100%	4h	0.2306	+0.043%	$9K	$937	10x
SoDEX BERA-USD	+0.0100%	1h	0.2308	+0.108%	$373	$6K	5x	as long as short
BloFin BERA-USDT	+0.0130%	4h	0.2306	+0.043%	$282K	$76K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0181% / S −0.0069%	1h	0.2306	+0.053%	$4K	—	100x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0184%	1h	0.2307	+0.087%	$3K	$56K	25x	as long as short
Hyperliquid BERA	+0.0249%	1h	0.2313	+0.347%	$2.9M	$697K	5x	as long as short
01 Exchange BERAUSDlong	+0.0264%	1h	0.2305	long leg	$3K	$3K	5x
GRVT BERA_USDT_Perp	+0.0310%	4h	0.2312	+0.304%	$116K	$3.2M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0349%	1h	0.2309	+0.178%	$28K	$161K	5x	as long as short