Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.027%

Price spread now: 01 Exchange against Binance−0.044%7-day average — · you buy dearer than you sell

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

Long on Binance Short on 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.044% cheaper against Binance than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BERAUSDT	0.2260	0.0100	pay 0.0050% / 4h	2h 27m	$5.3M	$9.7M	50x
Short	01 Exchange BERAUSD	0.2259	0.0128	get 0.0016% / 1h	27m 32s	$3K	$864	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.044%Rate

Funding earned: $5.88
Price spread: −0.044% → 0.000%: −$4.42
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$15.54
Costs to cover: 0.170%
Break-even: 25.5 days

Slippage unknown: Binance: live order book, 12 min ago; 01 Exchange: 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, 12 min ago	2.20 bp	7.2 bp −$7	37.4 bp −$374	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	0.2133	−5.619%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0772%	1h	0.2261	+0.030%	$51K	$24K	20x	as long as short
BloFin BERA-USDT	+0.0047%	4h	0.2266	+0.265%	$278K	$70K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2260	+0.009%	$64K	$73K	5x	as long as short
Orderly PERP_BERA_USDC	+0.0096%	4h	0.2261	+0.044%	$9K	$787	10x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2261	+0.047%	$15K	$22K	5x	as long as short
Binance BERAUSDTlong	+0.0100%	4h	0.2260	long leg	$5.3M	$9.7M	50x
Bybit BERAUSDT	+0.0100%	4h	0.2257	−0.133%	$3.0M	$2.3M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2258	−0.088%	$1.4M	$2.0M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2262	+0.088%	$353K	$260K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2261	+0.044%	$1.2M	$345K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2260	0.000%	$547K	$129K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2262	+0.088%	$1.5M	$769K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2261	+0.044%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2263	+0.137%	$26K	$151K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2264	+0.184%	$83K	$51K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2270	+0.460%	$106K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.442%	$39K	$455K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2261	+0.044%	$363	$6K	5x	as long as short
01 Exchange BERAUSDshort	+0.0128%	1h	0.2259	−0.044%	$3K	$864	5x
Coinbase International BERA-PERP-INTX	+0.0160%	1h	0.2274	+0.619%	$20K	$60K	50x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0192%	1h	0.2262	+0.088%	$9K	$51K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2260	+0.017%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0322%	1h	0.2264	+0.186%	$2.9M	$597K	5x	as long as short