Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0555%/8h= +60.8% APRpaid last 24h +0.035%

Price spread now: Backpack against Gate+0.197%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1051.049% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.245%−$25 · spread now +0.197%, 7d avg +0.016%

Together, before fees−0.241%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Backpack is 0.181% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.016%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BERA_USDT	0.2289	0.0100	pay 0.0050% / 4h	3h 13m	$340K	$376K	50x
Short	Backpack BERA_USDC_PERP	0.2293	0.0655	get 0.0082% / 1h	13m 36s	$37K	$150K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.197%Rate

Funding earned: $116.61
Price spread: +0.197% → +0.016%: $18.07
Slippage, 4 orders: −$79.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: $29.76
Costs to cover: 1.049%
Break-even: 5.2 days

Slippage from Gate: live order book, 57 min ago; Backpack: live order book, 59 min ago.

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 Gate live order book, 57 min ago	4.38 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 59 min ago	0.88 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	0.2145	−6.291%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0526%	1h	0.2289	+0.015%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2276	−0.568%	$9K	$45K	50x	as long as short
Variational Omni BERA	−0.0158%	4h	0.2281	−0.343%	$84K	$49K	—	as long as short
Lighter BERA	+0.0096%	1h	0.2291	+0.100%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2290	+0.028%	$14K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2290	+0.044%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2290	+0.044%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2287	−0.087%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDTlong	+0.0100%	4h	0.2289	long leg	$340K	$376K	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2292	+0.131%	$1.3M	$447K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2288	−0.044%	$544K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2288	−0.044%	$1.4M	$1.0M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2289	0.000%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	+0.044%	$32K	$456K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2292	+0.131%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2291	+0.087%	$373	$6K	5x	as long as short
BloFin BERA-USDT	+0.0119%	4h	0.2290	+0.044%	$292K	$90K	75x	as long as short
GRVT BERA_USDT_Perp	+0.0162%	4h	0.2289	−0.008%	$109K	$2.9M	10x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0186%	1h	0.2293	+0.175%	$4K	$56K	25x	as long as short
01 Exchange BERAUSD	+0.0192%	1h	0.2290	+0.044%	$4K	$2K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2291	+0.099%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0218%	1h	0.2296	+0.306%	$2.9M	$909K	5x	as long as short
Backpack BERA_USDC_PERPshort	+0.0655%	1h	0.2293	+0.197%	$37K	$150K	5x