Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.087%81s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$332as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3323.321% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.185%−$18 · spread now −0.087%, 7d avg −0.002%

Together, before fees−0.187%−$19 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: Gate is 0.084% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BERAUSDT	0.2310	0.0100	pay 0.0013% / 1h	24m 06s	$51K	$451K	50x
Short	Gate BERA_USDT	0.2308	0.0100	get 0.0050% / 4h	24m 06s	$355K	$357K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.002%: −$8.44
Slippage, 4 orders: −$307.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$340.5
Costs to cover: 3.321%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; Gate: live order book, 31 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, 33 min ago	43.67 bp	114.7 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	4.34 bp	36.3 bp −$36	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	0.2173	−5.931%	$2K	$3K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0487%	1h	0.2308	−0.072%	$52K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2307	−0.130%	$15K	$54K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2309	−0.052%	$62K	$81K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2309	−0.062%	$15K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2309	−0.038%	$5.4M	$14.2M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2305	−0.216%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2304	−0.260%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDTshort	+0.0100%	4h	0.2308	−0.087%	$355K	$357K	50x
MEXC BERA_USDT	+0.0100%	4h	0.2309	−0.043%	$1.2M	$399K	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	0.2309	−0.043%	$556K	$230K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2307	−0.130%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2306	−0.173%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2307	−0.127%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDTlong	+0.0100%	1h	0.2310	long leg	$51K	$451K	50x
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2309	−0.043%	$9K	$987	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2309	−0.026%	$381	$6K	5x	as long as short
BloFin BERA-USDT	+0.0140%	4h	0.2307	−0.130%	$280K	$77K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2309	−0.045%	$2K	—	100x	as long as short
01 Exchange BERAUSD	+0.0272%	1h	0.2310	0.000%	$3K	$3K	5x	as long as short
Hyperliquid BERA	+0.0388%	1h	0.2312	+0.095%	$2.9M	$889K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0410%	4h	0.2314	+0.173%	$116K	$3.2M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0479%	1h	0.2309	−0.030%	$28K	$161K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0617%	1h	0.2310	0.000%	$3K	$59K	25x	as long as short