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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0503%/8h= +55.0% APRpaid last 24h +0.104%
Price spread now: GMX against BloFin+0.240%51s7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.240% dearer against BloFin than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BERA-USDT0.22960.0090pay 0.0045% / 4h52m 20s$282K$76K75x
ShortGMX BERA/USD [ETH-USDC]0.2301L +0.0206% / S −0.0592%get 0.0074% / 1h52m 20s$2K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$105.57
Price spread: +0.240% → 0.000%
$23.95
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$105.52
Costs to cover
0.240%
Break-even
0.0 days
Slippage unknown: BloFin: live order book, 27 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 27 min ago2.17 bp24.3 bp −$2443.1 bp −$431doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2166−5.662%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.1270%1h0.2300+0.167%$51K$21K20xas long as short
Orderly PERP_BERA_USDC+0.0086%4h0.2301+0.218%$9K$78710xas long as short
01 Exchange BERAUSD+0.0088%1h0.2301+0.218%$3K$8645xas long as short
BloFin BERA-USDTlong+0.0090%4h0.2296long leg$282K$76K75x
Lighter BERA+0.0096%1h0.2301+0.200%$65K$73K5xas long as short
Hyperliquid BERA+0.0100%1h0.2304+0.361%$2.9M$590K5xas long as short
Aster BERAUSDT+0.0100%4h0.2301+0.227%$13K$23K5xas long as short
Binance BERAUSDT+0.0100%4h0.2301+0.217%$5.5M$9.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2300+0.174%$3.1M$2.2M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BERA-USDT-SWAP+0.0100%4h0.2300+0.174%$1.4M$2.0M20xas long as short
Gate BERA_USDT+0.0100%4h0.2300+0.174%$346K$266K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2301+0.218%$1.2M$318K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2302+0.261%$554K$131K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2301+0.218%$1.5M$778K50xas long as short
BingX BERA-USDT+0.0100%4h0.2300+0.174%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2301+0.200%$24K$203K5xas long as short
Variational Omni BERA+0.0100%4h0.2289−0.302%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2298+0.071%$106K$3.0M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2310+0.610%$51K$472K50xas long as short
SoDEX BERA-USD+0.0100%1h0.2302+0.266%$369$6K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0184%1h0.2303+0.305%$9K$45K25xas long as short
GMX BERA/USD [ETH-USDC]shortL +0.0206% / S −0.0592%1h0.2301+0.240%$2K100x
Coinbase International BERA-PERP-INTX+0.0816%1h0.2322+1.132%$19K$53K50xas long as short