Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0631%/8h= +69.1% APRpaid last 24h −9.037%

Price spread now: KuCoin against Kraken Futures−0.116%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−17.266%−$1,727 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 15 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −17.266%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BERAUSD	0.2267	−0.0531	get 0.0066% / 1h	47m 46s	$51K	$24K	20x
Short	KuCoin BERAUSDTM	0.2264	0.0100	get 0.0050% / 4h	3h 47m	$537K	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $132.56
Price spread: −0.116% → 0.000%: −$11.57
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $98.99
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 5 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	6.61 bp	81.9 bp −$82	167.9 bp −$1,679	doesn't fit	doesn't fit

Kraken Futures: 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	0.2139	−5.631%	$2K	$5K	12x	as long as short
Bybit BERAUSDT	−0.1011%	4h	0.2264	−0.116%	$3.1M	$4.1M	25x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0531%	1h	0.2267	long leg	$51K	$24K	20x
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2265	−0.072%	$9K	$44K	50x	as long as short
Variational Omni BERA	−0.0157%	4h	0.2266	−0.021%	$84K	$49K	—	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2269	+0.105%	$4K	$61K	25x	as long as short
BloFin BERA-USDT	+0.0052%	4h	0.2271	+0.193%	$291K	$89K	75x	as long as short
OKX BERA-USDT-SWAP	+0.0088%	4h	0.2264	−0.116%	$1.5M	$3.2M	20x	as long as short
Lighter BERA	+0.0096%	1h	0.2263	−0.173%	$61K	$90K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2270	+0.131%	$2.9M	$933K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BERAUSDT	+0.0100%	4h	0.2269	+0.121%	$13K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2267	+0.020%	$5.5M	$13.6M	50x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2267	+0.017%	$336K	$374K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2268	+0.061%	$1.3M	$435K	20x	as long as short
KuCoin BERAUSDTMshort	+0.0100%	4h	0.2264	−0.116%	$537K	$228K	50x
Bitget BERAUSDT	+0.0100%	4h	0.2267	+0.017%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2267	+0.017%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2270	+0.158%	$37K	$150K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2280	+0.587%	$107K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	+0.590%	$37K	$455K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2268	+0.061%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2268	+0.078%	$368	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0112%	1h	0.2270	+0.149%	$4K	$2K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2269	+0.087%	$2K	—	100x	as long as short