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BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Variational Omni against Orderly+0.128%48s7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Variational Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.128% dearer against Orderly than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BERA_USDC	0.2268	0.0100	pay 0.0050% / 4h	2h 11m	$9K	$1K	10x
Short	Variational Omni BERA	0.2271	0.0100	get 0.0050% / 4h	2h 11m	$84K	$49K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. 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 OrderlybpFee Variational OmnibpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → 0.000%: $12.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.78
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Variational Omni: 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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Orderly and Variational Omni: 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	0.2136	−5.820%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0565%	1h	0.2267	−0.025%	$51K	$26K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2259	−0.397%	$10K	$45K	50x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2269	+0.044%	$4K	$62K	25x	as long as short
01 Exchange BERAUSD	+0.0048%	1h	0.2268	0.000%	$4K	$2K	5x	as long as short
BloFin BERA-USDT	+0.0069%	4h	0.2274	+0.265%	$292K	$88K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2269	+0.044%	$63K	$93K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2270	+0.089%	$13K	$28K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2269	+0.044%	$5.5M	$13.6M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2264	−0.176%	$3.1M	$4.2M	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	0.2265	−0.132%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2271	+0.132%	$336K	$390K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2268	0.000%	$1.2M	$436K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2266	−0.088%	$549K	$220K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2270	+0.088%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2268	0.000%	—	$6.6M	—	as long as short
Variational Omni BERAshort	+0.0100%	4h	0.2271	+0.128%	$84K	$49K	—
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2274	+0.264%	$105K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.088%	$33K	$454K	50x	as long as short
Orderly PERP_BERA_USDClong	+0.0100%	4h	0.2268	long leg	$9K	$1K	10x
SoDEX BERA-USD	+0.0100%	1h	0.2269	+0.062%	$372	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2269	+0.030%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0823%	1h	0.2274	+0.247%	$2.9M	$967K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0876%	1h	0.2270	+0.071%	$38K	$149K	5x	as long as short