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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.029%
Price spread now: ApeX Omni against BloFin+0.662%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$2612.606% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 3 days (all we have)−0.764%−$76 · spread now +0.662%, 7d avg −0.056%
Together, before fees−0.805%−$80 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.718% dearer against BloFin than usual: you sell high and buy low: +$72 more if the spread goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BERA-USDT0.22650.0044pay 0.0022% / 4h3h 51m$290K$89K75x
ShortApeX Omni BERAUSDT0.22800.0100get 0.0013% / 1h51m 09s$37K$455K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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
$11.69
Price spread: +0.662% → −0.056%
$71.85
Slippage, 4 orders
−$238.65
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$177.11
Costs to cover
2.606%
Break-even
113.0 days
Slippage from BloFin: live order book, 16 min ago; ApeX Omni: live order book, 21 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 BloFin live order book, 16 min ago2.19 bp20.5 bp −$2039.7 bp −$397doesn't fitdoesn't fit
Sell ApeX Omni live order book, 21 min ago21.98 bp117.0 bp −$117doesn'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%1h0.2137−5.651%$2K$5K12xas long as short
Bybit BERAUSDT−0.1186%4h0.2266+0.044%$3.1M$4.1M25xas long as short
Kraken Futures PF_BERAUSD−0.0531%1h0.2267+0.103%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0328%1h0.2269+0.177%$9K$44K50xas long as short
Variational Omni BERA−0.0157%4h0.2266+0.051%$84K$49Kas long as short
Gate BERA_USDT−0.0030%4h0.2273+0.353%$337K$372K50xas long as short
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2270+0.221%$4K$61K25xas long as short
BloFin BERA-USDTlong+0.0044%4h0.2265long leg$290K$89K75x
Lighter BERA+0.0096%1h0.2269+0.181%$62K$90K5xas long as short
OKX BERA-USDT-SWAP+0.0099%4h0.2266+0.044%$1.5M$3.2M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid BERA+0.0100%1h0.2275+0.442%$2.9M$933K5xas long as short
Aster BERAUSDT+0.0100%4h0.2273+0.333%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2270+0.221%$5.6M$13.6M50xas long as short
MEXC BERA_USDT+0.0100%4h0.2270+0.221%$1.3M$433K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2268+0.132%$544K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2270+0.221%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2270+0.221%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2271+0.265%$37K$149K5xas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2280+0.659%$107K$2.8M10xas long as short
ApeX Omni BERAUSDTshort+0.0100%1h0.2280+0.662%$37K$455K50x
Orderly PERP_BERA_USDC+0.0100%4h0.2270+0.221%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2270+0.216%$368$6K5xas long as short
01 Exchange BERAUSD+0.0136%1h0.2271+0.265%$4K$2K5xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2271+0.285%$2K100xas long as short