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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.034%
Price spread now: Lighter against BloFin−0.663%420s7-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 7 days−0.162%−$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.663% cheaper against BloFin than usual: you would sell low and buy high (−$66 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 420 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BERA-USDT0.22630.0124pay 0.0062% / 4h2h 41m$289K$88K75x
ShortLighter BERA0.22480.0096get 0.0012% / 1h41m 51s$61K$89K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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
−$5.89
Price spread: −0.663% → 0.000%
−$66.28
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$84.17
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 20 min ago; Lighter: 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 BloFin live order book, 20 min ago6.62 bp21.1 bp −$2142.1 bp −$421doesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: 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 PERP−0.5000%1h0.2124−6.142%$2K$5K12xas long as short
Kraken Futures PF_BERAUSD−0.1068%1h0.2245−0.815%$50K$25K20xas long as short
Coinbase International BERA-PERP-INTX−0.0280%1h0.2241−0.972%$15K$51K50xas long as short
Variational Omni BERA−0.0100%4h0.2248−0.678%$83K$49Kas long as short
Lighter BERAshort+0.0096%1h0.2248−0.663%$61K$89K5x
Aster BERAUSDT+0.0100%4h0.2250−0.574%$14K$25K5xas long as short
Binance BERAUSDT+0.0100%4h0.2250−0.589%$5.4M$13.9M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2245−0.795%$3.0M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2245−0.795%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2249−0.619%$332K$375K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2250−0.574%$1.2M$442K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2246−0.751%$536K$230K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2248−0.663%$1.4M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2247−0.707%$6.6Mas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2250−0.574%$32K$464K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2247−0.707%$8K$68610xas long as short
SoDEX BERA-USD+0.0100%1h0.2247−0.707%$366$6K5xas long as short
BloFin BERA-USDTlong+0.0124%4h0.2263long leg$289K$88K75x
GRVT BERA_USDT_Perp+0.0186%4h0.2254−0.396%$108K$3.0M10xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2247−0.690%$2K100xas long as short
01 Exchange BERAUSD+0.0360%1h0.2250−0.574%$4K$2K5xas long as short
Hyperliquid BERA+0.0437%1h0.2253−0.455%$2.9M$916K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0640%1h0.2248−0.663%$4K$56K25xas long as short
Backpack BERA_USDC_PERP+0.0894%1h0.2252−0.499%$38K$162K5xas long as short