Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +1.294%

Price spread now: Binance against Injective+6.623%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and Binance is 6.623% dearer against Injective than usual: you sell high and buy low: +$662 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BERA/USDC PERP	0.2159	−0.5000	get 0.0625% / 1h	10m 48s	$2K	$5K	12x
Short	Binance BERAUSDT	0.2302	0.0100	get 0.0050% / 4h	1h 10m	$5.4M	$14.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +6.623%Rate

Funding earned: $1,071
Price spread: +6.623% → 0.000%: $662.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $1,723.32
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 15 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	2.19 bp	17.6 bp −$18	61.0 bp −$610	doesn't fit	doesn't fit

Injective: 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 PERPlong	−0.5000%	1h	0.2159	long leg	$2K	$5K	12x
Coinbase International BERA-PERP-INTX	−0.0376%	1h	0.2290	+6.068%	$16K	$54K	50x	as long as short
Kraken Futures PF_BERAUSD	−0.0181%	1h	0.2303	+6.657%	$52K	$25K	20x	as long as short
BloFin BERA-USDT	+0.0068%	4h	0.2306	+6.809%	$216K	$74K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2303	+6.660%	$62K	$88K	5x	as long as short
Orderly PERP_BERA_USDC	+0.0098%	4h	0.2301	+6.577%	$9K	$883	10x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2300	+6.546%	$15K	$27K	5x	as long as short
Binance BERAUSDTshort	+0.0100%	4h	0.2302	+6.623%	$5.4M	$14.2M	50x
Bybit BERAUSDT	+0.0100%	4h	0.2299	+6.484%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2299	+6.484%	$1.5M	$3.2M	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	0.2300	+6.531%	$347K	$393K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2302	+6.623%	$1.2M	$438K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2300	+6.531%	$554K	$231K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2301	+6.577%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2300	+6.531%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2299	+6.464%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2300	+6.531%	$34K	$462K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2303	+6.647%	$378	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2302	+6.607%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0309%	1h	0.2308	+6.883%	$2.9M	$917K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0388%	4h	0.2297	+6.413%	$115K	$3.2M	10x	as long as short
01 Exchange BERAUSD	+0.0400%	1h	0.2303	+6.670%	$3K	$3K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0619%	1h	0.2303	+6.670%	$2K	$55K	25x	as long as short
Backpack BERA_USDC_PERP	+0.0897%	1h	0.2305	+6.772%	$35K	$158K	5x	as long as short