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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h +0.018%
Price spread now: OKX against Deribit−0.132%7-day average · you buy dearer than you sell
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+0.423%+$42 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.132% cheaper against Deribit than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.423%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BERA_USDC-PERPETUAL0.22780.0189pay 0.0024% / 1h19m 03s$4K$61K25x
ShortOKX BERA-USDT-SWAP0.22750.0100get 0.0050% / 4h19m 03s$1.5M$3.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Deribit. 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
−$18.7
Price spread: −0.132% → 0.000%
−$13.17
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$48.87
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; OKX: 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 Deribit no order-book sample
Sell OKX live order book, 3 min ago2.20 bp28.7 bp −$29318.2 bp −$3,182doesn't fitdoesn't fit
Deribit: 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%1h0.2142−5.970%$2K$5K12xas long as short
Kraken Futures PF_BERAUSD−0.0420%1h0.2278+0.013%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0296%1h0.2272−0.263%$10K$45K50xas long as short
Variational Omni BERA+0.0024%4h0.2272−0.255%$84K$49Kas long as short
Lighter BERA+0.0096%1h0.2277−0.035%$62K$90K5xas long as short
Aster BERAUSDT+0.0100%4h0.2277−0.026%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2277−0.032%$5.5M$13.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2275−0.132%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAPshort+0.0100%4h0.2275−0.132%$1.5M$3.2M20x
Gate BERA_USDT+0.0100%4h0.2275−0.132%$337K$390K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.22780.000%$1.3M$435K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2273−0.219%$544K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2277−0.044%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2275−0.132%$6.6Mas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2277−0.044%$113K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2280+0.088%$37K$459K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.22780.000%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2278−0.022%$367$6K5xas long as short
BloFin BERA-USDT+0.0118%4h0.2279+0.044%$293K$84K75xas long as short
01 Exchange BERAUSD+0.0168%1h0.2277−0.044%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUALlong+0.0189%1h0.2278long leg$4K$61K25x
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2278−0.005%$2K100xas long as short
Hyperliquid BERA+0.0385%1h0.2280+0.088%$2.9M$953K5xas long as short
Backpack BERA_USDC_PERP+0.0690%1h0.2278+0.022%$37K$148K5xas long as short