Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +8.140%

Price spread now: Kraken Futures against KuCoin+0.029%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+17.231%+$1,723 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.029% dearer against KuCoin than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +17.231%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BERAUSDTM	0.2262	0.0100	pay 0.0050% / 4h	1h 52m	$539K	$229K	50x
Short	Kraken Futures PF_BERAUSD	0.2263	−0.0184	pay 0.0023% / 1h	52m 19s	$51K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$59.71
Price spread: +0.029% → 0.000%: $2.95
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$78.77
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 46 min ago; Kraken Futures: 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 KuCoin live order book, 46 min ago	11.13 bp	79.8 bp −$80	193.2 bp −$1,932	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 23 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	0.2125	−6.057%	$2K	$5K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0376%	1h	0.2257	−0.221%	$15K	$52K	50x	as long as short
Kraken Futures PF_BERAUSDshort	−0.0184%	1h	0.2263	+0.029%	$51K	$25K	20x
Lighter BERA	+0.0096%	1h	0.2264	+0.093%	$61K	$88K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2263	+0.063%	$16K	$26K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2265	+0.131%	$5.3M	$14.0M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2261	−0.044%	$3.0M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2262	0.000%	$1.4M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2262	0.000%	$342K	$387K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2266	+0.177%	$1.2M	$435K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTMlong	+0.0100%	4h	0.2262	long leg	$539K	$229K	50x
Bitget BERAUSDT	+0.0100%	4h	0.2263	+0.044%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2263	+0.044%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2266	+0.182%	$83K	$48K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2250	−0.531%	$32K	$455K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2264	+0.088%	$9K	$883	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2264	+0.071%	$368	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2264	+0.067%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0308%	1h	0.2269	+0.318%	$2.9M	$913K	5x	as long as short
01 Exchange BERAUSD	+0.0416%	1h	0.2266	+0.177%	$3K	$3K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0452%	4h	0.2257	−0.221%	$108K	$3.2M	10x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0634%	1h	0.2264	+0.088%	$4K	$54K	25x	as long as short
Backpack BERA_USDC_PERP	+0.1040%	1h	0.2265	+0.141%	$39K	$167K	5x	as long as short