Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0521%/8h= −57.0% APRpaid last 24h +9.440%

Price spread now: Kraken Futures against BingX+0.112%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+17.160%+$1,716 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.112% dearer against BingX than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +17.160%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BERA-USDT	0.2273	0.0100	pay 0.0050% / 4h	21m 19s	—	$6.6M	—
Short	Kraken Futures PF_BERAUSD	0.2276	−0.0421	pay 0.0053% / 1h	21m 19s	$51K	$24K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$109.32
Price spread: +0.112% → 0.000%: $11.21
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$118.11
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 16 min ago; Kraken Futures: 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 BingX live order book, 16 min ago	4.37 bp	18.3 bp −$18	41.0 bp −$410	548.1 bp −$54.8K	843.5 bp −$421.8K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	0.2140	−5.851%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSDshort	−0.0421%	1h	0.2276	+0.112%	$51K	$24K	20x
Coinbase International BERA-PERP-INTX	−0.0296%	1h	0.2272	−0.044%	$10K	$45K	50x	as long as short
Variational Omni BERA	+0.0024%	4h	0.2272	−0.035%	$84K	$49K	—	as long as short
BloFin BERA-USDT	+0.0074%	4h	0.2275	+0.088%	$292K	$84K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2276	+0.154%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2276	+0.144%	$13K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2277	+0.176%	$5.5M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2273	0.000%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2274	+0.044%	$1.5M	$3.2M	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	0.2274	+0.044%	$336K	$390K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2276	+0.132%	$1.3M	$434K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2275	+0.088%	$544K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2276	+0.132%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDTlong	+0.0100%	4h	0.2273	long leg	—	$6.6M	—
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2277	+0.176%	$113K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	+0.308%	$37K	$459K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2276	+0.132%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2276	+0.128%	$367	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0176%	1h	0.2277	+0.176%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0189%	1h	0.2277	+0.176%	$4K	$61K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2276	+0.118%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0412%	1h	0.2279	+0.268%	$2.9M	$953K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0728%	1h	0.2279	+0.255%	$37K	$147K	5x	as long as short