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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h −0.055%
Price spread now: Deribit against GMX+0.079%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.079% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BERA/USD [ETH-USDC]0.2253L +0.0206% / S −0.0592%pay 0.0026% / 1h56m 26s$2K100x
ShortDeribit BERA_USDC-PERPETUAL0.22550.0638get 0.0080% / 1h56m 26s$4K$54K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
$90.73
Price spread: +0.079% → 0.000%
$7.86
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$79.59
Costs to cover
0.190%
Break-even
0.9 days
Slippage unknown: GMX: no order-book sample; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Deribit no order-book sample
GMX and 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 23 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%1h0.2120−5.913%$2K$5K12xas long as short
Coinbase International BERA-PERP-INTX−0.0376%1h0.2234−0.853%$15K$51K50xas long as short
Kraken Futures PF_BERAUSD−0.0185%1h0.2250−0.143%$51K$25K20xas long as short
Lighter BERA+0.0096%1h0.2265+0.522%$61K$88K5xas long as short
Aster BERAUSDT+0.0100%4h0.2256+0.140%$16K$26K5xas long as short
Binance BERAUSDT+0.0100%4h0.2271+0.789%$5.3M$14.0M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2267+0.611%$3.0M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2268+0.656%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2260+0.300%$338K$384K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2269+0.700%$1.2M$434K20xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BERAUSDTM+0.0100%4h0.2266+0.567%$540K$231K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2267+0.611%$1.4M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2262+0.389%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2259+0.239%$83K$48Kas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2260+0.300%$32K$457K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2253−0.010%$9K$88310xas long as short
SoDEX BERA-USD+0.0100%1h0.2253+0.012%$368$6K5xas long as short
GMX BERA/USD [ETH-USDC]longL +0.0206% / S −0.0592%1h0.2253long leg$2K100x
Hyperliquid BERA+0.0301%1h0.2273+0.882%$2.9M$914K5xas long as short
01 Exchange BERAUSD+0.0376%1h0.2270+0.744%$3K$3K5xas long as short
GRVT BERA_USDT_Perp+0.0464%4h0.2262+0.389%$108K$3.2M10xas long as short
Deribit BERA_USDC-PERPETUALshort+0.0638%1h0.2255+0.079%$4K$54K25x
Backpack BERA_USDC_PERP+0.0918%1h0.2257+0.176%$38K$167K5xas long as short