Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.027%

Price spread now: SoDEX against BloFin+0.338%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on SoDEX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SoDEX is 0.338% dearer against BloFin than usual: you sell high and buy low (spread +0.338% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BERA-USDT	0.2307	0.0113	pay 0.0057% / 4h	1h 15m	$279K	$76K	75x
Short	SoDEX BERA-USD	0.2315	0.0100	get 0.0013% / 1h	15m 07s	$373	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee BloFinbpFee SoDEXbpOrdersPrice spread, now +0.338%Rate

Funding earned: −$2.74
Price spread: +0.338% → 0.000%: $33.81
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $11.07
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 min ago; SoDEX: 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 BloFin live order book, 4 min ago	2.17 bp	24.3 bp −$24	43.1 bp −$431	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	0.2172	−5.852%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1543%	1h	0.2314	+0.285%	$52K	$21K	20x	as long as short
Orderly PERP_BERA_USDC	+0.0095%	4h	0.2313	+0.260%	$9K	$787	10x	as long as short
Lighter BERA	+0.0096%	1h	0.2315	+0.347%	$66K	$73K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2319	+0.516%	$2.9M	$598K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2315	+0.368%	$16K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2314	+0.289%	$5.5M	$9.4M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2312	+0.217%	$3.1M	$2.2M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2311	+0.173%	$1.5M	$2.0M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2312	+0.217%	$350K	$268K	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	0.2316	+0.390%	$1.3M	$331K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2311	+0.173%	$553K	$132K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2316	+0.390%	$1.5M	$777K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2316	+0.390%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2316	+0.381%	$25K	$204K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2304	−0.148%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2309	+0.087%	$111K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2310	+0.130%	$53K	$473K	50x	as long as short
SoDEX BERA-USDshort	+0.0100%	1h	0.2315	+0.338%	$373	$6K	5x
BloFin BERA-USDTlong	+0.0113%	4h	0.2307	long leg	$279K	$76K	75x
01 Exchange BERAUSD	+0.0136%	1h	0.2311	+0.173%	$3K	$864	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2311	+0.158%	$2K	—	100x	as long as short
Coinbase International BERA-PERP-INTX	+0.0600%	1h	0.2317	+0.433%	$20K	$53K	50x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0615%	1h	0.2315	+0.347%	$9K	$46K	25x	as long as short