Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0492%/8hpaid last 24h +0.072%

Price spread now: GMX against Gate+0.176%7-day average — · you sell dearer than you buy

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

Long on Gate 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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.176% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BERA_USDT	0.2278	0.0100	pay 0.0050% / 4h	9m 01s	$340K	$420K	50x
Short	GMX BERA/USD [ETH-USDC]	0.2282	L +0.0206% / S −0.0592%	get 0.0074% / 1h	9m 01s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.176%Rate

Funding earned: $103.42
Price spread: +0.176% → 0.000%: $17.65
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $94.07
Costs to cover: 0.270%
Break-even: 0.6 days

Slippage unknown: Gate: live order book, 20 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 Gate live order book, 20 min ago	6.60 bp	73.6 bp −$74	doesn't fit	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	−0.4672%	1h	0.2146	−5.795%	$2K	$20K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0384%	1h	0.2264	−0.615%	$10K	$82K	50x	as long as short
01 Exchange BERAUSD	−0.0008%	1h	0.2282	+0.176%	$4K	$5K	5x	as long as short
BloFin BERA-USDT	+0.0083%	4h	0.2278	0.000%	$299K	$104K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2280	+0.097%	$65K	$94K	5x	as long as short
Variational Omni BERA	+0.0096%	4h	0.2275	−0.110%	$84K	$53K	—	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2280	+0.075%	$14K	$30K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2282	+0.176%	$5.5M	$14.4M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2278	0.000%	$3.1M	$4.4M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2277	−0.044%	$1.5M	$3.5M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDTlong	+0.0100%	4h	0.2278	long leg	$340K	$420K	50x
MEXC BERA_USDT	+0.0100%	4h	0.2281	+0.132%	$1.2M	$446K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2278	0.000%	$557K	$229K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2281	+0.132%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2278	0.000%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2281	+0.132%	$112K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	+0.088%	$32K	$463K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2281	+0.132%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2281	+0.114%	$370	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0188%	1h	0.2282	+0.176%	$4K	$64K	25x	as long as short
Hyperliquid BERA	+0.0193%	1h	0.2285	+0.316%	$2.9M	$1.5M	5x	as long as short
GMX BERA/USD [ETH-USDC]short	L +0.0206% / S −0.0592%	1h	0.2282	+0.176%	$2K	—	100x
Backpack BERA_USDC_PERP	+0.0467%	1h	0.2283	+0.233%	$37K	$159K	5x	as long as short
Kraken Futures PF_BERAUSD	+1.9696%	1h	0.2276	−0.107%	$52K	$26K	20x	as long as short