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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.029%
Price spread now: Hyperliquid against ApeX Omni+0.210%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$2502.503% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.173%−$17 on $10k
Price spread, last 3 days (all we have)−0.367%−$37 · spread now +0.210%, 7d avg +0.058%
Together, before fees−0.540%+ Points / potential airdropHyperliquid: Season 2 · farm board−$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.152% dearer against ApeX Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BERAUSDT0.22900.0100pay 0.0013% / 1h48m 32s$37K$462K50x
ShortHyperliquid BERA0.22950.0297get 0.0037% / 1h48m 32s$2.9M$958K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$41.39
Price spread: +0.210% → +0.058%
$15.15
Slippage, 4 orders
−$231.32
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$193.78
Costs to cover
2.503%
Break-even
39.8 days
Slippage from ApeX Omni: live order book, 29 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 29 min ago22.08 bp100.3 bp −$100doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.22 bp15.7 bp −$16doesn't fitdoesn't fitdoesn't fit

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 PERP−0.5000%1h0.2157−5.808%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.0418%1h0.2289−0.055%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0296%1h0.2259−1.354%$9K$45K50xas long as short
BloFin BERA-USDT+0.0059%4h0.2299+0.393%$290K$91K75xas long as short
Lighter BERA+0.0096%1h0.2292+0.070%$62K$90K5xas long as short
Aster BERAUSDT+0.0100%4h0.2293+0.123%$14K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2293+0.128%$5.6M$13.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2288−0.087%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2287−0.131%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2292+0.087%$338K$388K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2293+0.131%$1.3M$432K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2291+0.044%$553K$225K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2291+0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2291+0.044%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2292+0.097%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2298+0.349%$115K$2.8M10xas long as short
ApeX Omni BERAUSDTlong+0.0100%1h0.2290long leg$37K$462K50x
Orderly PERP_BERA_USDC+0.0100%4h0.2292+0.087%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2292+0.083%$373$6K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0186%1h0.2293+0.131%$4K$62K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2292+0.096%$2K100xas long as short
01 Exchange BERAUSD+0.0240%1h0.2292+0.087%$4K$2K5xas long as short
Hyperliquid BERAshort+0.0297%1h0.2295+0.210%$2.9M$958K5x
Backpack BERA_USDC_PERP+0.1252%1h0.2294+0.175%$37K$149K5xas long as short