Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: Backpack against ApeX Omni−0.057%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2592.589% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.057%, 7d avg +0.031%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.088% cheaper against ApeX Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BERAUSDT	0.2290	0.0100	pay 0.0013% / 1h	56m 15s	$37K	$458K	50x
Short	Backpack BERA_USDC_PERP	0.2289	0.0100	get 0.0013% / 1h	56m 15s	$37K	$149K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.031%: −$8.77
Slippage, 4 orders: −$238.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$267.66
Costs to cover: 2.589%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; Backpack: live order book, 17 min ago.

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 ApeX Omni live order book, 16 min ago	21.98 bp	114.2 bp −$114	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 17 min ago	0.88 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	0.2153	−5.983%	$2K	$5K	12x	as long as short
Bybit BERAUSDT	−0.0669%	4h	0.2281	−0.393%	$3.1M	$4.1M	25x	as long as short
Kraken Futures PF_BERAUSD	−0.0527%	1h	0.2283	−0.306%	$51K	$24K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2269	−0.917%	$9K	$44K	50x	as long as short
Variational Omni BERA	−0.0106%	4h	0.2286	−0.166%	$84K	$49K	—	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2285	−0.218%	$4K	$61K	25x	as long as short
BloFin BERA-USDT	+0.0074%	4h	0.2286	−0.175%	$290K	$83K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2285	−0.223%	$62K	$90K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2287	−0.118%	$2.9M	$954K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2285	−0.215%	$13K	$27K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BERAUSDT	+0.0100%	4h	0.2285	−0.202%	$5.6M	$13.6M	50x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2282	−0.349%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2286	−0.175%	$339K	$372K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2286	−0.175%	$1.3M	$432K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2288	−0.087%	$549K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2285	−0.218%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2282	−0.349%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERPshort	+0.0100%	1h	0.2289	−0.057%	$37K	$149K	5x
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2292	+0.073%	$108K	$2.8M	10x	as long as short
ApeX Omni BERAUSDTlong	+0.0100%	1h	0.2290	long leg	$37K	$458K	50x
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2285	−0.218%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2286	−0.188%	$371	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0128%	1h	0.2283	−0.306%	$4K	$2K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2285	−0.198%	$2K	—	100x	as long as short