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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0597%/8h= +65.4% APRpaid last 24h +0.025%
Price spread now: Hyperliquid against BingX+0.255%7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.180%−$18 on $10k
Price spread, last 7 days−0.215%−$22 · spread now +0.255%, 7d avg +0.027%
Together, before fees−0.395%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.228% dearer against BingX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BERA-USDT0.22760.0100pay 0.0050% / 4h1h 38m$6.6M
ShortHyperliquid BERA0.22820.0697get 0.0087% / 1h38m 13s$2.9M$932K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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
$125.33
Price spread: +0.255% → +0.027%
$22.82
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$129.16
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: BingX: live order book, 14 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago6.62 bp18.6 bp −$1945.7 bp −$457542.8 bp −$54.3K834.4 bp −$417.2K
Sell Hyperliquid live order book, 3 min ago0.66 bpdoesn't fitdoesn'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%1h0.2143−5.844%$2K$4K12xas long as short
Coinbase International BERA-PERP-INTX−0.0320%1h0.2259−0.747%$10K$45K50xas long as short
Kraken Futures PF_BERAUSD0.0000%1h0.2275−0.056%$51K$26K20xas long as short
Lighter BERA+0.0096%1h0.22760.000%$63K$89K5xas long as short
Aster BERAUSDT+0.0100%4h0.2277+0.062%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2277+0.035%$5.5M$13.6M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2272−0.176%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2272−0.176%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2278+0.088%$336K$391K50xas long as short
MEXC BERA_USDT+0.0100%4h0.22760.000%$1.2M$432K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BERAUSDTM+0.0100%4h0.2273−0.132%$548K$218K50xas long as short
Bitget BERAUSDT+0.0100%4h0.22760.000%$1.5M$1.1M50xas long as short
BingX BERA-USDTlong+0.0100%4h0.2276long leg$6.6M
Variational Omni BERA+0.0100%4h0.2276−0.011%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2281+0.220%$117K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2280+0.176%$32K$454K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2277+0.044%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.22760.000%$373$6K5xas long as short
BloFin BERA-USDT+0.0143%4h0.2282+0.264%$290K$88K75xas long as short
01 Exchange BERAUSD+0.0184%1h0.2278+0.088%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0190%1h0.22760.000%$4K$62K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2277+0.056%$2K100xas long as short
Hyperliquid BERAshort+0.0697%1h0.2282+0.255%$2.9M$932K5x
Backpack BERA_USDC_PERP+0.0969%1h0.2278+0.066%$37K$150K5xas long as short