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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.1655%/8h= +181.2% APRnext payment +$2.07 per $10,000 · paid last 24h −6.158%
Price spread now: SoDEX against Kraken Futures+0.093%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 +$50 a day on $10k at the current rate, and SoDEX is 0.093% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BERAUSD0.2296−0.1555get 0.0194% / 1h26m 36s$51K$21K20x
ShortSoDEX BERA-USD0.22980.0100get 0.0013% / 1h26m 36s$370$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$347.51
Price spread: +0.093% → 0.000%
$9.35
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$338.86
Costs to cover
0.180%
Break-even
0.2 days
Slippage unknown: Kraken Futures: no order-book sample; SoDEX: 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 Kraken Futures no order-book sample
Sell SoDEX no order-book sample
Kraken Futures and SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2161−5.874%$2K$4K12xas long as short
Kraken Futures PF_BERAUSDlong−0.1555%1h0.2296long leg$51K$21K20x
Orderly PERP_BERA_USDC+0.0093%4h0.2298+0.093%$9K$78710xas long as short
Lighter BERA+0.0096%1h0.2302+0.250%$65K$73K5xas long as short
Hyperliquid BERA+0.0100%1h0.2305+0.411%$2.9M$598K5xas long as short
Aster BERAUSDT+0.0100%4h0.2299+0.155%$16K$21K5xas long as short
Binance BERAUSDT+0.0100%4h0.2302+0.268%$5.4M$9.4M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2302+0.268%$3.1M$2.2M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2303+0.311%$1.4M$2.0M20xas long as short
Gate BERA_USDT+0.0100%4h0.2299+0.137%$350K$262K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2304+0.355%$1.2M$327K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2304+0.355%$551K$132K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2306+0.442%$1.5M$772K50xas long as short
BingX BERA-USDT+0.0100%4h0.2303+0.311%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2300+0.172%$24K$206K5xas long as short
Variational Omni BERA+0.0100%4h0.2289−0.316%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2293−0.141%$112K$2.9M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2290−0.255%$52K$472K50xas long as short
SoDEX BERA-USDshort+0.0100%1h0.2298+0.093%$370$6K5x
01 Exchange BERAUSD+0.0128%1h0.2307+0.485%$3K$8645xas long as short
BloFin BERA-USDT+0.0152%4h0.2291−0.211%$279K$75K75xas long as short
Deribit BERA_USDC-PERPETUAL+0.0185%1h0.2299+0.137%$9K$46K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2298+0.110%$2K100xas long as short
Coinbase International BERA-PERP-INTX+0.0600%1h0.2313+0.747%$20K$55K50xas long as short