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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%
Price spread now: Gate against OKX+0.130%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1191.190% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.130%, 7d avg +0.107%
Together, before fees−0.190%−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.024% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.107%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BERA-USDT-SWAP0.23050.0100pay 0.0050% / 4h24m 29s$1.5M$3.2M20x
ShortGate BERA_USDT0.23080.0100get 0.0050% / 4h24m 29s$355K$357K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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
$0
Price spread: +0.130% → +0.107%
$2.35
Slippage, 4 orders
−$93.95
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$116.6
Costs to cover
1.190%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago2.16 bp24.0 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 31 min ago4.34 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit

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%1h0.2173−5.727%$2K$3K12xas long as short
Kraken Futures PF_BERAUSD−0.0487%1h0.2306+0.030%$52K$25K20xas long as short
Coinbase International BERA-PERP-INTX−0.0328%1h0.2307+0.087%$15K$54K50xas long as short
Lighter BERA+0.0096%1h0.2307+0.074%$62K$81K5xas long as short
Aster BERAUSDT+0.0100%4h0.2306+0.030%$15K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2310+0.217%$5.4M$14.2M50xas long as short
Bybit BERAUSDT+0.0100%4h0.23050.000%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAPlong+0.0100%4h0.2305long leg$1.5M$3.2M20x
Gate BERA_USDTshort+0.0100%4h0.2308+0.130%$355K$357K50x
MEXC BERA_USDT+0.0100%4h0.2309+0.174%$1.2M$399K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BERAUSDTM+0.0100%4h0.2309+0.174%$556K$230K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2308+0.130%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2308+0.130%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2307+0.090%$84K$49Kas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2310+0.217%$51K$451K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2309+0.174%$9K$98710xas long as short
SoDEX BERA-USD+0.0100%1h0.2309+0.182%$379$6K5xas long as short
BloFin BERA-USDT+0.0140%4h0.2307+0.087%$280K$77K75xas long as short
Deribit BERA_USDC-PERPETUAL+0.0183%1h0.2310+0.217%$3K$59K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2309+0.172%$2K100xas long as short
01 Exchange BERAUSD+0.0272%1h0.2310+0.217%$3K$3K5xas long as short
Hyperliquid BERA+0.0394%1h0.2312+0.312%$2.9M$889K5xas long as short
GRVT BERA_USDT_Perp+0.0410%4h0.2314+0.390%$116K$3.2M10xas long as short
Backpack BERA_USDC_PERP+0.0501%1h0.2306+0.043%$28K$161K5xas long as short