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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h +0.017%
Price spread now: OKX against Deribit−0.132%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+0.429%+$43 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 OKX is 0.132% cheaper against Deribit than usual: you would sell low and buy high (−$13 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 +0.429%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BERA_USDC-PERPETUAL0.22800.0189pay 0.0024% / 1h31m 17s$4K$58K25x
ShortOKX BERA-USDT-SWAP0.22770.0100get 0.0050% / 4h3h 31m$1.5M$3.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$18.65
Price spread: −0.132% → 0.000%
−$13.16
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$48.8
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago2.20 bp22.3 bp −$22250.0 bp −$2,500doesn'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%1h0.2143−6.009%$2K$5K12xas long as short
Kraken Futures PF_BERAUSD−0.0528%1h0.2279−0.057%$51K$25K20xas long as short
Coinbase International BERA-PERP-INTX−0.0328%1h0.2265−0.658%$9K$44K50xas long as short
Bybit BERAUSDT−0.0196%4h0.2275−0.219%$3.1M$4.1M25xas long as short
Variational Omni BERA−0.0191%4h0.2273−0.301%$84K$49Kas long as short
BloFin BERA-USDT+0.0050%4h0.2279−0.044%$290K$90K75xas long as short
Lighter BERA+0.0096%1h0.2278−0.092%$62K$90K5xas long as short
Hyperliquid BERA+0.0100%1h0.2281+0.039%$2.9M$924K5xas long as short
Aster BERAUSDT+0.0100%4h0.2276−0.164%$13K$24K5xas long as short
Binance BERAUSDT+0.0100%4h0.2279−0.041%$5.6M$13.6M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BERA-USDT-SWAPshort+0.0100%4h0.2277−0.132%$1.5M$3.2M20x
Gate BERA_USDT+0.0100%4h0.2277−0.132%$338K$375K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2278−0.088%$1.3M$437K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2277−0.132%$542K$229K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2277−0.132%$1.4M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2277−0.132%$6.6Mas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2284+0.175%$112K$2.9M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.22800.000%$32K$457K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2277−0.132%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2279−0.053%$369$6K5xas long as short
01 Exchange BERAUSD+0.0152%1h0.2278−0.088%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUALlong+0.0189%1h0.2280long leg$4K$58K25x
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2277−0.138%$2K100xas long as short
Backpack BERA_USDC_PERP+0.0455%1h0.2280+0.018%$37K$149K5xas long as short