Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0921%/8h= +100.8% APRpaid last 24h −4.746%

Price spread now: Aster against Kraken Futures−0.073%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BERAUSD	0.2259	−0.0821	get 0.0103% / 1h	54m 39s	$50K	$21K	20x
Short	Aster BERAUSDT	0.2257	0.0100	get 0.0050% / 4h	1h 54m	$13K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.073%Rate

Funding earned: $193.31
Price spread: −0.073% → 0.000%: −$7.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $168.06
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: no order-book sample; Aster: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and Aster: 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 exchanges

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
Kraken Futures PF_BERAUSDlong	−0.0821%	1h	0.2259	long leg	$50K	$21K	20x
01 Exchange BERAUSD	−0.0632%	1h	0.2254	−0.219%	$3K	$850	5x	as long as short
Deribit BERA_USDC-PERPETUAL	−0.0193%	1h	0.2257	−0.087%	$1K	$36K	25x	as long as short
BloFin BERA-USDT	+0.0069%	4h	0.2260	+0.046%	$271K	$75K	75x	as long as short
Orderly PERP_BERA_USDC	+0.0074%	4h	0.2258	−0.042%	$8K	$587	10x	as long as short
Backpack BERA_USDC_PERP	+0.0081%	1h	0.2258	−0.064%	$24K	$214K	5x	as long as short
Lighter BERA	+0.0096%	1h	0.2256	−0.113%	$63K	$76K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2257	−0.104%	$2.5M	$964K	5x	as long as short
Aster BERAUSDTshort	+0.0100%	4h	0.2257	−0.073%	$13K	$19K	5x
Binance BERAUSDT	+0.0100%	4h	0.2257	−0.073%	$5.2M	$8.4M	50x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BERAUSDT	+0.0100%	4h	0.2257	−0.087%	$3.0M	$1.8M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2256	−0.131%	$1.4M	$1.8M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2257	−0.087%	$329K	$250K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2257	−0.087%	$1.2M	$292K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2254	−0.219%	$539K	$127K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2257	−0.087%	$1.4M	$745K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2256	−0.131%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2258	−0.046%	$81K	$51K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2264	+0.217%	$111K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2260	+0.046%	$40K	$485K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2257	−0.104%	$353	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2257	−0.065%	$2K	—	100x	as long as short
Coinbase International BERA-PERP-INTX	+0.1032%	1h	0.2295	+1.596%	$19K	$45K	50x	as long as short
Injective BERA/USDC PERP	+0.5000%	1h	0.2319	+2.658%	$2K	$4K	12x	as long as short