Funding arb · Price arb /

BERA

all BERA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h +0.129%

Price spread now: GMX against Bybit+0.180%51s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on GMX

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

The price spread pays, funding is against you. GMX is 0.180% dearer against Bybit than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 51 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	Bybit BERAUSDT	0.2296	0.0100	pay 0.0050% / 4h	3h 27m	$3.1M	$2.6M	25x
Short	GMX BERA/USD [ETH-USDC]	0.2300	L +0.0168% / S −0.0060%	get 0.0008% / 1h	27m 38s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee GMXbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$8.31
Price spread: +0.180% → 0.000%: $17.99
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$13.32
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; GMX: 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 Bybit live order book, 5 min ago	2.17 bp	27.4 bp −$27	69.4 bp −$694	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.2167	−5.618%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1525%	1h	0.2302	+0.243%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2300	+0.174%	$21K	$60K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2300	+0.174%	$65K	$84K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2304	+0.353%	$2.9M	$626K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2301	+0.227%	$15K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2300	+0.174%	$5.5M	$10.3M	50x	as long as short
Bybit BERAUSDTlong	+0.0100%	4h	0.2296	long leg	$3.1M	$2.6M	25x
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2296	0.000%	$1.5M	$2.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2303	+0.305%	$371K	$275K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2299	+0.131%	$1.2M	$380K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2301	+0.218%	$552K	$201K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2301	+0.218%	$1.5M	$809K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2301	+0.218%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2299	+0.152%	$29K	$153K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2308	+0.527%	$85K	$52K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2307	+0.479%	$115K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2310	+0.610%	$48K	$428K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2300	+0.174%	$9K	$937	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2301	+0.240%	$373	$6K	5x	as long as short
BloFin BERA-USDT	+0.0112%	4h	0.2302	+0.261%	$283K	$77K	75x	as long as short
01 Exchange BERAUSD	+0.0168%	1h	0.2299	+0.131%	$3K	$872	5x	as long as short
GMX BERA/USD [ETH-USDC]short	L +0.0168% / S −0.0060%	1h	0.2300	+0.180%	$4K	—	100x
Deribit BERA_USDC-PERPETUAL	+0.0185%	1h	0.2301	+0.218%	$3K	$45K	25x	as long as short