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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against ApeX Omni−0.087%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$448as in the Funding arb table
Net, price: spread back to 7d avg − costs−$444as in the Price arb table
costs, in and out, $10k−$4364.364% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.087%, 7d avg −0.009%
Together, before fees−0.281%−$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.078% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BERAUSDT0.22900.0100pay 0.0013% / 1h39m 04s$34K$445K50x
ShortKuCoin BERAUSDTM0.22880.0100get 0.0050% / 4h39m 04s$551K$230K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX 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

Funding earned
$0
Price spread: −0.087% → −0.009%
−$7.79
Slippage, 4 orders
−$414.43
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$444.23
Costs to cover
4.364%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 18 min ago; KuCoin: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 18 min ago43.67 bp114.7 bp −$115doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 44 min ago10.86 bp97.8 bp −$98223.3 bp −$2,233doesn't fitdoesn't fit

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 PERP−0.5000%1h0.2154−5.939%$2K$3K12xas long as short
Kraken Futures PF_BERAUSD−0.0492%1h0.2285−0.224%$51K$25K20xas long as short
Coinbase International BERA-PERP-INTX−0.0328%1h0.2289−0.044%$16K$53K50xas long as short
BloFin BERA-USDT+0.0076%4h0.2291+0.044%$280K$73K75xas long as short
Lighter BERA+0.0096%1h0.2287−0.127%$62K$81K5xas long as short
Aster BERAUSDT+0.0100%4h0.2289−0.032%$15K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2287−0.124%$5.4M$14.2M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2286−0.175%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2284−0.262%$1.4M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.22900.000%$352K$356K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2288−0.087%$1.2M$398K20xas long as short
KuCoin BERAUSDTMshort+0.0100%4h0.2288−0.087%$551K$230K50x
Bitget BERAUSDT+0.0100%4h0.2288−0.087%$1.4M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2288−0.087%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2287−0.149%$83K$49Kas long as short
ApeX Omni BERAUSDTlong+0.0100%1h0.2290long leg$34K$445K50x
Orderly PERP_BERA_USDC+0.0100%4h0.2288−0.087%$9K$98710xas long as short
SoDEX BERA-USD+0.0100%1h0.2287−0.131%$374$6K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0187%1h0.2287−0.131%$2K$55K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2289−0.059%$2K100xas long as short
01 Exchange BERAUSD+0.0248%1h0.2291+0.044%$3K$3K5xas long as short
GRVT BERA_USDT_Perp+0.0358%4h0.2292+0.087%$109K$3.2M10xas long as short
Hyperliquid BERA+0.0417%1h0.2291+0.052%$2.9M$922K5xas long as short
Backpack BERA_USDC_PERP+0.0490%1h0.2288−0.105%$28K$161K5xas long as short