Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.039%

Price spread now: Variational Omni against GMX−0.140%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.140% cheaper against GMX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BERA/USD [ETH-USDC]	0.2255	L +0.0206% / S −0.0592%	pay 0.0026% / 1h	48m 19s	$2K	—	100x
Short	Variational Omni BERA	0.2252	−0.0121	pay 0.0061% / 4h	2h 48m	$83K	$49K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.140%Rate

Funding earned: −$68.65
Price spread: −0.140% → 0.000%: −$14.01
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$94.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: 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 GMX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

GMX and Variational Omni: 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	0.2127	−5.668%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1063%	1h	0.2255	+0.017%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0280%	1h	0.2241	−0.612%	$15K	$51K	50x	as long as short
Variational Omni BERAshort	−0.0121%	4h	0.2252	−0.140%	$83K	$49K	—
Lighter BERA	+0.0096%	1h	0.2260	+0.226%	$61K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2259	+0.206%	$14K	$25K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2258	+0.123%	$5.4M	$13.8M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2255	+0.008%	$3.0M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2255	+0.008%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2260	+0.230%	$333K	$373K	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	0.2257	+0.097%	$1.2M	$441K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2258	+0.141%	$539K	$230K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2258	+0.141%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2259	+0.186%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2260	+0.230%	$32K	$464K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2257	+0.097%	$8K	$686	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2256	+0.053%	$367	$6K	5x	as long as short
BloFin BERA-USDT	+0.0124%	4h	0.2263	+0.363%	$289K	$88K	75x	as long as short
GRVT BERA_USDT_Perp	+0.0136%	4h	0.2257	+0.099%	$106K	$3.0M	10x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0193%	1h	0.2257	+0.097%	$4K	$56K	25x	as long as short
GMX BERA/USD [ETH-USDC]long	L +0.0206% / S −0.0592%	1h	0.2255	long leg	$2K	—	100x
01 Exchange BERAUSD	+0.0328%	1h	0.2259	+0.186%	$4K	$2K	5x	as long as short
Hyperliquid BERA	+0.0355%	1h	0.2261	+0.279%	$2.9M	$915K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0898%	1h	0.2264	+0.390%	$38K	$155K	5x	as long as short