Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h −0.040%

Price spread now: Deribit against Binance0.000%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.521%−$52 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.521%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BERAUSDT	0.2282	0.0100	pay 0.0050% / 4h	3h 34m	$5.6M	$13.6M	50x
Short	Deribit BERA_USDC-PERPETUAL	0.2282	0.0188	get 0.0024% / 1h	34m 18s	$4K	$58K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $18.56
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1.56
Costs to cover: 0.170%
Break-even: 6.4 days

Slippage unknown: Binance: live order book, 6 min ago; Deribit: 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 Binance live order book, 6 min ago	2.20 bp	19.8 bp −$20	55.8 bp −$558	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	0.2145	−6.004%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0528%	1h	0.2279	−0.119%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2265	−0.745%	$9K	$44K	50x	as long as short
Bybit BERAUSDT	−0.0308%	4h	0.2278	−0.175%	$3.1M	$4.1M	25x	as long as short
Variational Omni BERA	−0.0195%	4h	0.2277	−0.235%	$84K	$49K	—	as long as short
OKX BERA-USDT-SWAP	+0.0096%	4h	0.2279	−0.131%	$1.5M	$3.2M	20x	as long as short
Lighter BERA	+0.0096%	1h	0.2281	−0.053%	$62K	$90K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2285	+0.127%	$2.9M	$921K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2282	−0.016%	$13K	$24K	5x	as long as short
Binance BERAUSDTlong	+0.0100%	4h	0.2282	long leg	$5.6M	$13.6M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDT	+0.0100%	4h	0.2280	−0.088%	$338K	$375K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2282	0.000%	$1.3M	$437K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2279	−0.131%	$542K	$229K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2281	−0.044%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2281	−0.044%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2273	−0.394%	$110K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	−0.088%	$32K	$457K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2282	0.000%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2282	−0.009%	$370	$6K	5x	as long as short
BloFin BERA-USDT	+0.0116%	4h	0.2282	0.000%	$291K	$90K	75x	as long as short
01 Exchange BERAUSD	+0.0144%	1h	0.2285	+0.131%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUALshort	+0.0188%	1h	0.2282	0.000%	$4K	$58K	25x
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2282	−0.021%	$2K	—	100x	as long as short
Backpack BERA_USDC_PERP	+0.0397%	1h	0.2285	+0.114%	$37K	$149K	5x	as long as short