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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.034%
Price spread now: MEXC against BloFin+0.088%109s7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$580.584% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 3 days (all we have)−0.105%−$11 · spread now +0.088%, 7d avg −0.032%
Together, before fees−0.148%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.120% dearer against BloFin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.032%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BERA-USDT0.22690.0083pay 0.0041% / 4h1h 05m$288K$88K75x
ShortMEXC BERA_USDT0.22710.0100get 0.0050% / 4h1h 05m$1.2M$434K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$3.59
Price spread: +0.088% → −0.032%
$11.97
Slippage, 4 orders
−$38.35
Fee BloFin: 6 bp × 2 orders
−$12
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$42.79
Costs to cover
0.584%
Break-even
90.5 days
Slippage from BloFin: live order book, 6 min ago; MEXC: live order book, 6 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 BloFin live order book, 6 min ago2.21 bp16.9 bp −$1736.4 bp −$364doesn't fitdoesn't fit
Sell MEXC live order book, 6 min ago2.21 bp10.4 bp −$1031.5 bp −$315244.6 bp −$24.5Kdoesn'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%1h0.2132−6.038%$2K$4K12xas long as short
Coinbase International BERA-PERP-INTX−0.0320%1h0.2259−0.441%$9K$45K50xas long as short
Kraken Futures PF_BERAUSD0.0000%1h0.2271+0.100%$51K$24K20xas long as short
BloFin BERA-USDTlong+0.0083%4h0.2269long leg$288K$88K75x
Lighter BERA+0.0096%1h0.2271+0.097%$63K$89K5xas long as short
Aster BERAUSDT+0.0100%4h0.2270+0.036%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2272+0.139%$5.5M$13.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2268−0.044%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.22690.000%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2268−0.044%$335K$395K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDTshort+0.0100%4h0.2271+0.088%$1.2M$434K20x
KuCoin BERAUSDTM+0.0100%4h0.2268−0.044%$547K$222K50xas long as short
Bitget BERAUSDT+0.0100%4h0.22690.000%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2268−0.044%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2261−0.344%$83K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2269−0.016%$105K$2.7M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2260−0.397%$32K$459K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2272+0.132%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2271+0.088%$372$6K5xas long as short
01 Exchange BERAUSD+0.0176%1h0.2272+0.132%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0190%1h0.2273+0.176%$4K$62K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2272+0.117%$2K100xas long as short
Hyperliquid BERA+0.0466%1h0.2276+0.317%$2.9M$946K5xas long as short
Backpack BERA_USDC_PERP+0.0790%1h0.2274+0.212%$37K$149K5xas long as short