Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.036%

Price spread now: SoDEX against BloFin+0.088%56s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on SoDEX

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.088% dearer against BloFin than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BERA-USDT	0.2280	0.0095	pay 0.0048% / 4h	3h 04m	$290K	$89K	75x
Short	SoDEX BERA-USD	0.2282	0.0100	get 0.0013% / 1h	4m 10s	$372	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $1
Price spread: +0.088% → 0.000%: $8.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.23
Costs to cover: 0.200%
Break-even: 78.4 days

Slippage unknown: BloFin: live order book, 63 min ago; SoDEX: 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 BloFin live order book, 63 min ago	2.19 bp	20.5 bp −$20	39.7 bp −$397	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	0.2147	−5.833%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0528%	1h	0.2279	−0.065%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2276	−0.175%	$9K	$45K	50x	as long as short
Variational Omni BERA	−0.0097%	4h	0.2280	−0.018%	$84K	$49K	—	as long as short
BloFin BERA-USDTlong	+0.0095%	4h	0.2280	long leg	$290K	$89K	75x
Lighter BERA	+0.0096%	1h	0.2282	+0.088%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2283	+0.148%	$13K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2282	+0.078%	$5.6M	$13.4M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2278	−0.088%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2275	−0.219%	$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	0.2281	+0.044%	$338K	$376K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2281	+0.044%	$1.2M	$448K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2281	+0.044%	$543K	$227K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2281	+0.044%	$1.4M	$1.0M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2280	0.000%	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	+0.439%	$32K	$457K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2282	+0.088%	$9K	$686	10x	as long as short
SoDEX BERA-USDshort	+0.0100%	1h	0.2282	+0.088%	$372	$6K	5x
Deribit BERA_USDC-PERPETUAL	+0.0188%	1h	0.2283	+0.132%	$4K	$56K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2283	+0.126%	$2K	—	100x	as long as short
01 Exchange BERAUSD	+0.0208%	1h	0.2284	+0.175%	$4K	$2K	5x	as long as short
Hyperliquid BERA	+0.0279%	1h	0.2285	+0.224%	$2.9M	$903K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0326%	4h	0.2297	+0.745%	$110K	$2.9M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0705%	1h	0.2283	+0.132%	$37K	$150K	5x	as long as short