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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0496%/8h= +54.4% APRnext payment +$0.62 per $10,000 · paid last 24h +0.132%
Price spread now: GMX against Lighter−0.072%99s7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. GMX is 0.072% cheaper against Lighter than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 12 hours of funding at the current rate (+$15 a day). The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BERA0.22920.0096pay 0.0012% / 1h13m 43s$64K$74K5x
ShortGMX BERA/USD [ETH-USDC]0.2290L +0.0206% / S −0.0592%get 0.0074% / 1h13m 43s$2K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$104.26
Price spread: −0.072% → 0.000%
−$7.16
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee GMX: 6 bp × 2 orders
−$12
Net
$85.11
Costs to cover
0.120%
Break-even
1.3 days
Slippage unknown: Lighter: no order-book sample; GMX: 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 Lighter no order-book sample
Sell GMX no order-book sample
Lighter and GMX: 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%1h0.2155−5.973%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.1275%1h0.2292−0.012%$51K$21K20xas long as short
Orderly PERP_BERA_USDC+0.0080%4h0.2293+0.048%$9K$78710xas long as short
BloFin BERA-USDT+0.0095%4h0.2287−0.214%$281K$76K75xas long as short
Lighter BERAlong+0.0096%1h0.2292long leg$64K$74K5x
01 Exchange BERAUSD+0.0096%1h0.2292+0.004%$3K$8645xas long as short
Hyperliquid BERA+0.0100%1h0.2294+0.105%$2.9M$589K5xas long as short
Aster BERAUSDT+0.0100%4h0.2294+0.074%$13K$22K5xas long as short
Binance BERAUSDT+0.0100%4h0.2293+0.064%$5.5M$9.3M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2291−0.039%$3.1M$2.1M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BERA-USDT-SWAP+0.0100%4h0.2291−0.039%$1.4M$1.9M20xas long as short
Gate BERA_USDT+0.0100%4h0.2291−0.039%$345K$271K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2293+0.048%$1.2M$323K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2292+0.004%$552K$128K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2292+0.004%$1.5M$780K50xas long as short
BingX BERA-USDT+0.0100%4h0.2292+0.004%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2293+0.052%$25K$204K5xas long as short
Variational Omni BERA+0.0100%4h0.2287−0.207%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2288−0.178%$116K$3.0M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2290−0.083%$36K$482K50xas long as short
SoDEX BERA-USD+0.0100%1h0.2293+0.026%$369$6K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0186%1h0.2294+0.092%$9K$45K25xas long as short
GMX BERA/USD [ETH-USDC]shortL +0.0206% / S −0.0592%1h0.2290−0.072%$2K100x
Coinbase International BERA-PERP-INTX+0.0816%1h0.2300+0.353%$19K$53K50xas long as short