Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.001%

Price spread now: BloFin against GMX+0.088%7-day average — · you sell dearer than you buy

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

Long on GMX Short on BloFin

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. BloFin is 0.088% dearer against GMX than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BERA/USD [ETH-USDC]	0.2288	L +0.0206% / S −0.0592%	pay 0.0026% / 1h	46m 47s	$2K	—	100x
Short	BloFin BERA-USDT	0.2290	0.0139	get 0.0070% / 4h	1h 46m	$280K	$75K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$14.09
Price spread: +0.088% → 0.000%: $8.79
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.31
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 38 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 38 min ago	4.42 bp	14.4 bp −$14	38.9 bp −$389	doesn't fit	doesn't fit

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	0.2154	−5.856%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1560%	1h	0.2288	−0.006%	$51K	$21K	20x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2288	0.000%	$9K	$46K	25x	as long as short
Orderly PERP_BERA_USDC	+0.0094%	4h	0.2288	0.000%	$9K	$787	10x	as long as short
Lighter BERA	+0.0096%	1h	0.2288	−0.017%	$65K	$73K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2290	+0.075%	$2.9M	$598K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2290	+0.091%	$15K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2287	−0.043%	$5.4M	$9.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2285	−0.131%	$3.1M	$2.2M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2286	−0.087%	$1.4M	$2.0M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDT	+0.0100%	4h	0.2291	+0.132%	$350K	$262K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2288	0.000%	$1.2M	$326K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2289	+0.044%	$543K	$130K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2289	+0.044%	$1.5M	$757K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2288	0.000%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2288	+0.005%	$24K	$204K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2282	−0.256%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2287	−0.033%	$115K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	+0.088%	$52K	$471K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2288	+0.005%	$368	$6K	5x	as long as short
BloFin BERA-USDTshort	+0.0139%	4h	0.2290	+0.088%	$280K	$75K	75x
01 Exchange BERAUSD	+0.0160%	1h	0.2290	+0.088%	$3K	$864	5x	as long as short
GMX BERA/USD [ETH-USDC]long	L +0.0206% / S −0.0592%	1h	0.2288	long leg	$2K	—	100x
Coinbase International BERA-PERP-INTX	+0.0600%	1h	0.2313	+1.093%	$20K	$55K	50x	as long as short