Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0104%/8hpaid last 24h +0.039%

Price spread now: Variational Omni against 01 Exchange−0.198%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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 pays, the price is against you. Variational Omni is 0.198% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BERAUSD	0.2280	−0.0008	get 0.0001% / 1h	6m 51s	$4K	$5K	5x
Short	Variational Omni BERA	0.2275	0.0096	get 0.0048% / 4h	6m 51s	$84K	$53K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now −0.198%Rate

Funding earned: $21.91
Price spread: −0.198% → 0.000%: −$19.79
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.88
Costs to cover: 0.070%
Break-even: 8.6 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

01 Exchange 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	−0.4672%	1h	0.2144	−5.965%	$2K	$20K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0384%	1h	0.2264	−0.702%	$10K	$82K	50x	as long as short
01 Exchange BERAUSDlong	−0.0008%	1h	0.2280	long leg	$4K	$5K	5x
BloFin BERA-USDT	+0.0046%	4h	0.2282	+0.088%	$299K	$104K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2281	+0.026%	$65K	$94K	5x	as long as short
Variational Omni BERAshort	+0.0096%	4h	0.2275	−0.198%	$84K	$53K	—
Aster BERAUSDT	+0.0100%	4h	0.2280	+0.012%	$14K	$30K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2282	+0.079%	$5.5M	$14.4M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2276	−0.175%	$3.1M	$4.4M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2279	−0.044%	$1.5M	$3.5M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDT	+0.0100%	4h	0.2277	−0.132%	$340K	$420K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2281	+0.044%	$1.2M	$446K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2278	−0.088%	$557K	$229K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2281	+0.044%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2278	−0.088%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2281	+0.044%	$112K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	0.000%	$32K	$462K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2281	+0.044%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2281	+0.026%	$370	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0188%	1h	0.2282	+0.088%	$4K	$64K	25x	as long as short
Hyperliquid BERA	+0.0205%	1h	0.2286	+0.241%	$2.9M	$1.5M	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2282	+0.087%	$2K	—	100x	as long as short
Backpack BERA_USDC_PERP	+0.0472%	1h	0.2283	+0.123%	$37K	$159K	5x	as long as short
Kraken Futures PF_BERAUSD	+1.9689%	1h	0.2276	−0.160%	$52K	$26K	20x	as long as short