Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1162%/8h= +127.2% APRpaid last 24h −8.653%

Price spread now: Aster against Kraken Futures+0.095%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Aster is 0.095% dearer against Kraken Futures than usual: you sell high and buy low: +$10 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	Kraken Futures PF_BERAUSD	0.2258	−0.1062	get 0.0133% / 1h	0m 58s	$51K	$25K	20x
Short	Aster BERAUSDT	0.2260	0.0100	get 0.0050% / 4h	2h 00m	$16K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.095%Rate

Funding earned: $243.97
Price spread: +0.095% → 0.000%: $9.51
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $235.48
Costs to cover: 0.180%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: no order-book sample; Aster: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and Aster: 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 23 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	0.2125	−5.900%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.1062%	1h	0.2258	long leg	$51K	$25K	20x
Coinbase International BERA-PERP-INTX	−0.0280%	1h	0.2234	−1.073%	$15K	$51K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2261	+0.131%	$61K	$89K	5x	as long as short
Aster BERAUSDTshort	+0.0100%	4h	0.2260	+0.095%	$16K	$26K	5x
Binance BERAUSDT	+0.0100%	4h	0.2262	+0.167%	$5.3M	$14.0M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2259	+0.034%	$3.0M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2259	+0.034%	$1.4M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2259	+0.034%	$337K	$389K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2261	+0.122%	$1.2M	$450K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2259	+0.034%	$539K	$231K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2260	+0.078%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2261	+0.122%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2259	+0.016%	$83K	$48K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2260	+0.078%	$32K	$457K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2261	+0.122%	$9K	$883	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2261	+0.100%	$369	$6K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2260	+0.087%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0337%	1h	0.2264	+0.268%	$2.9M	$913K	5x	as long as short
01 Exchange BERAUSD	+0.0440%	1h	0.2259	+0.034%	$3K	$3K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0474%	4h	0.2259	+0.034%	$108K	$3.2M	10x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0635%	1h	0.2262	+0.167%	$4K	$54K	25x	as long as short
Backpack BERA_USDC_PERP	+0.1128%	1h	0.2264	+0.251%	$41K	$166K	5x	as long as short