Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.044%

Price spread now: Gate against Deribit0.000%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.523%+$52 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.523%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BERA_USDC-PERPETUAL	0.2262	0.0192	pay 0.0024% / 1h	31m 14s	$4K	$62K	25x
Short	Gate BERA_USDT	0.2262	0.0100	get 0.0050% / 4h	1h 31m	$334K	$392K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$19.38
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.38
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 49 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 49 min ago	6.58 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit

Deribit: 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	0.2129	−5.880%	$2K	$4K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0320%	1h	0.2261	−0.044%	$10K	$45K	50x	as long as short
Kraken Futures PF_BERAUSD	0.0000%	1h	0.2258	−0.192%	$51K	$25K	20x	as long as short
BloFin BERA-USDT	+0.0062%	4h	0.2266	+0.177%	$289K	$87K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2262	−0.004%	$62K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2264	+0.105%	$13K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2263	+0.035%	$5.5M	$13.6M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2258	−0.177%	$3.0M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2259	−0.133%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDTshort	+0.0100%	4h	0.2262	0.000%	$334K	$392K	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2263	+0.044%	$1.2M	$432K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2261	−0.044%	$546K	$219K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2262	0.000%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2261	−0.044%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2268	+0.276%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2275	+0.553%	$105K	$2.7M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.354%	$32K	$455K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2262	0.000%	$8K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2262	0.000%	$371	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0192%	1h	0.2263	+0.044%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUALlong	+0.0192%	1h	0.2262	long leg	$4K	$62K	25x
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2263	+0.023%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0637%	1h	0.2266	+0.199%	$2.9M	$954K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0854%	1h	0.2265	+0.146%	$36K	$150K	5x	as long as short