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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.5160%/8h= +565.0% APRnext payment +$6.45 per $10,000 · paid last 24h +1.308%
Price spread now: Coinbase International against Injective+6.710%64s7-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 4 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 +$155 a day on $10k at the current rate, and Coinbase International is 6.710% dearer against Injective than usual: you sell high and buy low: +$671 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BERA/USDC PERP0.2146−0.5000get 0.0625% / 1h11m 49s$2K$4K12x
ShortCoinbase International BERA-PERP-INTX0.22900.0160get 0.0020% / 1h11m 49s$20K$58K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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
$1,083.6
Price spread: +6.710% → 0.000%
$671.02
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$1,744.6
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: 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 Injective no order-book sample
Sell Coinbase International no order-book sample
Injective and Coinbase International: 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 PERPlong−0.5000%1h0.2146long leg$2K$4K12x
Kraken Futures PF_BERAUSD−0.0764%1h0.2284+6.441%$51K$24K20xas long as short
BloFin BERA-USDT+0.0093%4h0.2283+6.384%$275K$72K75xas long as short
Orderly PERP_BERA_USDC+0.0095%4h0.2285+6.477%$9K$78710xas long as short
Lighter BERA+0.0096%1h0.2285+6.463%$65K$73K5xas long as short
Aster BERAUSDT+0.0100%4h0.2285+6.477%$15K$22K5xas long as short
Binance BERAUSDT+0.0100%4h0.2284+6.431%$5.4M$9.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2283+6.384%$3.1M$2.3M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2283+6.384%$1.4M$2.0M20xas long as short
Gate BERA_USDT+0.0100%4h0.2285+6.477%$344K$272K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2284+6.431%$1.2M$347K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2284+6.431%$553K$127K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2283+6.384%$1.5M$764K50xas long as short
BingX BERA-USDT+0.0100%4h0.2285+6.477%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2286+6.510%$27K$149K5xas long as short
Variational Omni BERA+0.0100%4h0.2276+6.040%$83K$51Kas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2281+6.287%$118K$2.9M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2270+5.778%$37K$451K50xas long as short
SoDEX BERA-USD+0.0100%1h0.2284+6.454%$365$6K5xas long as short
01 Exchange BERAUSD+0.0152%1h0.2285+6.477%$3K$8645xas long as short
Coinbase International BERA-PERP-INTXshort+0.0160%1h0.2290+6.710%$20K$58K50x
Deribit BERA_USDC-PERPETUAL+0.0188%1h0.2286+6.524%$9K$49K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2284+6.450%$2K100xas long as short
Hyperliquid BERA+0.0407%1h0.2288+6.598%$2.9M$594K5xas long as short