Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.140%

Price spread now: GMX against Bybit+0.180%51s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on GMX

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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.180% dearer against Bybit than usual: you sell high and buy low: +$18 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BERAUSDT	0.2299	0.0100	pay 0.0050% / 4h	18m 32s	$3.1M	$4.1M	25x
Short	GMX BERA/USD [ETH-USDC]	0.2303	L +0.0206% / S −0.0592%	get 0.0074% / 1h	18m 32s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $103.42
Price spread: +0.180% → 0.000%: $17.96
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $98.39
Costs to cover: 0.230%
Break-even: 0.3 days

Slippage unknown: Bybit: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	2.17 bp	28.6 bp −$29	79.3 bp −$793	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−0.5000%	1h	0.2170	−5.611%	$2K	$3K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0488%	1h	0.2304	+0.232%	$52K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2303	+0.174%	$15K	$53K	50x	as long as short
BloFin BERA-USDT	+0.0088%	4h	0.2305	+0.261%	$280K	$77K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2303	+0.157%	$62K	$81K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2303	+0.170%	$15K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2303	+0.171%	$5.4M	$14.2M	50x	as long as short
Bybit BERAUSDTlong	+0.0100%	4h	0.2299	long leg	$3.1M	$4.1M	25x
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2298	−0.043%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2303	+0.174%	$354K	$358K	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	0.2303	+0.174%	$1.2M	$400K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2302	+0.130%	$554K	$230K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2303	+0.174%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2301	+0.087%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2301	+0.090%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2310	+0.478%	$51K	$450K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2304	+0.217%	$9K	$987	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2304	+0.213%	$378	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0184%	1h	0.2305	+0.261%	$3K	$59K	25x	as long as short
GMX BERA/USD [ETH-USDC]short	L +0.0206% / S −0.0592%	1h	0.2303	+0.180%	$2K	—	100x
01 Exchange BERAUSD	+0.0264%	1h	0.2301	+0.087%	$3K	$3K	5x	as long as short
Hyperliquid BERA	+0.0322%	1h	0.2307	+0.335%	$2.9M	$890K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0382%	4h	0.2310	+0.474%	$108K	$3.2M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0394%	1h	0.2304	+0.200%	$28K	$161K	5x	as long as short