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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h +0.044%
Price spread now: KuCoin against Deribit−0.220%7-day average · you buy dearer than you sell
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 7 days+0.410%+$41 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.220% cheaper against Deribit than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.410%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BERA_USDC-PERPETUAL0.22710.0191pay 0.0024% / 1h49m 08s$4K$62K25x
ShortKuCoin BERAUSDTM0.22660.0100get 0.0050% / 4h1h 49m$549K$218K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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
−$19.01
Price spread: −0.220% → 0.000%
−$22.02
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$60.03
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 23 min ago. 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 Deribit no order-book sample
Sell KuCoin live order book, 23 min ago11.04 bp91.9 bp −$92177.6 bp −$1,776doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2136−5.945%$2K$4K12xas long as short
Coinbase International BERA-PERP-INTX−0.0320%1h0.2259−0.528%$10K$45K50xas long as short
Kraken Futures PF_BERAUSD0.0000%1h0.2271−0.007%$51K$26K20xas long as short
BloFin BERA-USDT+0.0051%4h0.22710.000%$289K$87K75xas long as short
Lighter BERA+0.0096%1h0.2271−0.018%$63K$89K5xas long as short
Aster BERAUSDT+0.0100%4h0.2271+0.016%$13K$28K5xas long as short
Binance BERAUSDT+0.0100%4h0.2272+0.038%$5.5M$13.6M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2266−0.220%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2266−0.220%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2268−0.132%$335K$391K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.22710.000%$1.2M$431K20xas long as short
KuCoin BERAUSDTMshort+0.0100%4h0.2266−0.220%$549K$218K50x
Bitget BERAUSDT+0.0100%4h0.22710.000%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2268−0.132%$6.6Mas long as short
Variational Omni BERA+0.0100%4h0.2263−0.339%$83K$49Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2271−0.020%$105K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2270−0.044%$32K$454K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.22710.000%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2271−0.009%$372$6K5xas long as short
01 Exchange BERAUSD+0.0168%1h0.2270−0.044%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUALlong+0.0191%1h0.2271long leg$4K$62K25x
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2270−0.040%$2K100xas long as short
Hyperliquid BERA+0.0926%1h0.2274+0.137%$2.9M$961K5xas long as short
Backpack BERA_USDC_PERP+0.0949%1h0.2272+0.031%$37K$149K5xas long as short