Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Orderly against Variational Omni+0.412%48s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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: Orderly is 0.412% dearer against Variational Omni than usual: you sell high and buy low, +$41 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	Variational Omni BERA	0.2283	0.0100	pay 0.0050% / 4h	2h 52m	$84K	$52K	—
Short	Orderly PERP_BERA_USDC	0.2292	0.0100	get 0.0050% / 4h	2h 52m	$9K	$937	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. 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 Variational OmnibpFee OrderlybpOrdersPrice spread, now +0.412%Rate

Funding earned: $0
Price spread: +0.412% → 0.000%: $41.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $35.18
Costs to cover: 0.060%
Break-even: from the start

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

Variational Omni and Orderly: 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	0.2151	−5.765%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0761%	1h	0.2293	+0.436%	$51K	$25K	20x	as long as short
BloFin BERA-USDT	+0.0071%	4h	0.2287	+0.193%	$280K	$73K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2297	+0.626%	$65K	$73K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2289	+0.291%	$17K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2297	+0.635%	$5.4M	$9.9M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2291	+0.368%	$3.1M	$2.4M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2295	+0.543%	$1.5M	$2.1M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2290	+0.324%	$359K	$258K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2295	+0.543%	$1.2M	$343K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2290	+0.324%	$549K	$131K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2292	+0.412%	$1.5M	$783K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2291	+0.368%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2295	+0.561%	$29K	$150K	5x	as long as short
Variational Omni BERAlong	+0.0100%	4h	0.2283	long leg	$84K	$52K	—
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2286	+0.156%	$112K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	−0.114%	$39K	$452K	50x	as long as short
Orderly PERP_BERA_USDCshort	+0.0100%	4h	0.2292	+0.412%	$9K	$937	10x
SoDEX BERA-USD	+0.0100%	1h	0.2293	+0.434%	$371	$6K	5x	as long as short
Coinbase International BERA-PERP-INTX	+0.0160%	1h	0.2298	+0.675%	$20K	$61K	50x	as long as short
01 Exchange BERAUSD	+0.0176%	1h	0.2297	+0.631%	$3K	$864	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0186%	1h	0.2293	+0.456%	$8K	$50K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0189% / S −0.0536%	1h	0.2292	+0.417%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0560%	1h	0.2300	+0.775%	$2.9M	$599K	5x	as long as short