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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.078%
Price spread now: Orderly against Coinbase International+0.398%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Orderly is 0.398% dearer against Coinbase International than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BERA-PERP-INTX0.2259−0.0304get 0.0038% / 1h11m 53s$10K$45K50x
ShortOrderly PERP_BERA_USDC0.22680.0100get 0.0050% / 4h2h 11m$9K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. 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
$84.84
Price spread: +0.398% → 0.000%
$39.84
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$108.68
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; Orderly: 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 Coinbase International no order-book sample
Sell Orderly no order-book sample
Coinbase International and Orderly: 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%1h0.2136−5.445%$2K$4K12xas long as short
Kraken Futures PF_BERAUSD−0.0565%1h0.2267+0.374%$51K$26K20xas long as short
Coinbase International BERA-PERP-INTXlong−0.0304%1h0.2259long leg$10K$45K50x
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2269+0.443%$4K$62K25xas long as short
01 Exchange BERAUSD+0.0048%1h0.2269+0.443%$4K$2K5xas long as short
BloFin BERA-USDT+0.0069%4h0.2274+0.664%$292K$88K75xas long as short
Lighter BERA+0.0096%1h0.2268+0.416%$62K$93K5xas long as short
Aster BERAUSDT+0.0100%4h0.2270+0.495%$13K$28K5xas long as short
Binance BERAUSDT+0.0100%4h0.2269+0.443%$5.5M$13.6M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2264+0.221%$3.1M$4.2M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BERA-USDT-SWAP+0.0100%4h0.2265+0.266%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2271+0.531%$336K$390K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2269+0.443%$1.2M$436K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2266+0.310%$549K$220K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2270+0.487%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2267+0.354%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2271+0.527%$84K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2279+0.886%$106K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2270+0.487%$33K$454K50xas long as short
Orderly PERP_BERA_USDCshort+0.0100%4h0.2268+0.398%$9K$1K10x
SoDEX BERA-USD+0.0100%1h0.2269+0.460%$372$6K5xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2269+0.429%$2K100xas long as short
Hyperliquid BERA+0.0826%1h0.2273+0.633%$2.9M$967K5xas long as short
Backpack BERA_USDC_PERP+0.0876%1h0.2270+0.469%$38K$149K5xas long as short