Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.029%

Price spread now: 01 Exchange against Orderly−0.044%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on 01 Exchange

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—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.044% cheaper against Orderly than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BERA_USDC	0.2278	0.0100	pay 0.0050% / 4h	19m 05s	$9K	$1K	10x
Short	01 Exchange BERAUSD	0.2277	0.0168	get 0.0021% / 1h	19m 05s	$4K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.044%Rate

Funding earned: $14.28
Price spread: −0.044% → 0.000%: −$4.39
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$3.11
Costs to cover: 0.130%
Break-even: 8.5 days

Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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	0.2142	−5.970%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0420%	1h	0.2278	+0.013%	$51K	$24K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0296%	1h	0.2272	−0.263%	$10K	$45K	50x	as long as short
Variational Omni BERA	+0.0024%	4h	0.2272	−0.255%	$84K	$49K	—	as long as short
Lighter BERA	+0.0096%	1h	0.2277	−0.035%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2277	−0.026%	$13K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2277	−0.032%	$5.5M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2275	−0.132%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2275	−0.132%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2275	−0.132%	$337K	$390K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2278	0.000%	$1.3M	$435K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2273	−0.219%	$544K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2277	−0.044%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2275	−0.132%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2277	−0.044%	$113K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	+0.088%	$37K	$459K	50x	as long as short
Orderly PERP_BERA_USDClong	+0.0100%	4h	0.2278	long leg	$9K	$1K	10x
SoDEX BERA-USD	+0.0100%	1h	0.2278	−0.022%	$367	$6K	5x	as long as short
BloFin BERA-USDT	+0.0118%	4h	0.2279	+0.044%	$293K	$84K	75x	as long as short
01 Exchange BERAUSDshort	+0.0168%	1h	0.2277	−0.044%	$4K	$2K	5x
Deribit BERA_USDC-PERPETUAL	+0.0189%	1h	0.2278	0.000%	$4K	$61K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2278	−0.005%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0385%	1h	0.2280	+0.088%	$2.9M	$953K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0690%	1h	0.2278	+0.022%	$37K	$148K	5x	as long as short