Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.028%

Price spread now: BloFin against Lighter+0.004%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.162%, 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	Lighter BERA	0.2295	0.0096	pay 0.0012% / 1h	12m 16s	$64K	$74K	5x
Short	BloFin BERA-USDT	0.2295	0.0050	get 0.0025% / 4h	12m 16s	$282K	$76K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$9.59
Price spread: +0.004% → 0.000%: $0.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.15
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 2 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 Lighter no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	6.54 bp	19.2 bp −$19	48.6 bp −$486	doesn't fit	doesn't fit

Lighter: 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	0.2156	−6.053%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1275%	1h	0.2291	−0.190%	$51K	$21K	20x	as long as short
BloFin BERA-USDTshort	+0.0050%	4h	0.2295	+0.004%	$282K	$76K	75x
Orderly PERP_BERA_USDC	+0.0080%	4h	0.2294	−0.039%	$9K	$787	10x	as long as short
Lighter BERAlong	+0.0096%	1h	0.2295	long leg	$64K	$74K	5x
01 Exchange BERAUSD	+0.0096%	1h	0.2293	−0.083%	$3K	$864	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2297	+0.105%	$2.9M	$589K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2295	+0.014%	$13K	$22K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2294	−0.040%	$5.5M	$9.3M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2292	−0.126%	$3.1M	$2.1M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2292	−0.126%	$1.4M	$1.9M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2293	−0.083%	$345K	$272K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2295	+0.004%	$1.2M	$323K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2293	−0.083%	$552K	$128K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2294	−0.039%	$1.5M	$780K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2294	−0.039%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2295	+0.022%	$25K	$204K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2287	−0.338%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2291	−0.170%	$107K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−0.214%	$36K	$482K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2292	−0.126%	$369	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0186%	1h	0.2294	−0.039%	$9K	$45K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2294	−0.059%	$2K	—	100x	as long as short
Coinbase International BERA-PERP-INTX	+0.0816%	1h	0.2300	+0.222%	$19K	$53K	50x	as long as short