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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.5144%/8h= −563.3% APRnext payment $6.43 per $10,000 · paid last 24h −1.397%
Price spread now: Injective against 01 Exchange−6.080%7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$154 a day on $10k at the current rate, and Injective is 6.080% cheaper against 01 Exchange than usual: you would sell low and buy high (−$608 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BERAUSD0.22860.0144pay 0.0018% / 1h34m 56s$3K$8645x
ShortInjective BERA/USDC PERP0.2147−0.5000pay 0.0625% / 1h34m 56s$2K$4K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against 01 Exchange. 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
−$1,080.24
Price spread: −6.080% → 0.000%
−$608.05
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$1,695.31
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Injective: 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 01 Exchange no order-book sample
Sell Injective no order-book sample
01 Exchange and Injective: 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 PERPshort−0.5000%1h0.2147−6.080%$2K$4K12x
Kraken Futures PF_BERAUSD−0.0763%1h0.2287+0.024%$51K$25K20xas long as short
Lighter BERA+0.0096%1h0.2287+0.057%$65K$73K5xas long as short
Orderly PERP_BERA_USDC+0.0098%4h0.2287+0.044%$9K$78710xas long as short
Aster BERAUSDT+0.0100%4h0.2285−0.028%$15K$22K5xas long as short
Binance BERAUSDT+0.0100%4h0.2284−0.077%$5.4M$9.8M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2279−0.306%$3.0M$2.4M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2277−0.394%$1.4M$2.0M20xas long as short
Gate BERA_USDT+0.0100%4h0.2284−0.087%$356K$260K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2285−0.044%$1.2M$345K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BERAUSDTM+0.0100%4h0.2284−0.087%$553K$130K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2285−0.044%$1.5M$770K50xas long as short
BingX BERA-USDT+0.0100%4h0.2281−0.219%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2287+0.044%$27K$151K5xas long as short
Variational Omni BERA+0.0100%4h0.2276−0.431%$84K$51Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2276−0.451%$105K$2.9M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2280−0.262%$39K$453K50xas long as short
SoDEX BERA-USD+0.0100%1h0.2288+0.066%$370$6K5xas long as short
BloFin BERA-USDT+0.0141%4h0.2275−0.481%$282K$70K75xas long as short
01 Exchange BERAUSDlong+0.0144%1h0.2286long leg$3K$8645x
Coinbase International BERA-PERP-INTX+0.0160%1h0.2302+0.700%$20K$61K50xas long as short
Deribit BERA_USDC-PERPETUAL+0.0187%1h0.2289+0.131%$9K$51K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0203% / S −0.0583%1h0.2289+0.111%$2K100xas long as short
Hyperliquid BERA+0.0372%1h0.2289+0.114%$2.9M$596K5xas long as short