Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0587%/8h= +64.3% APRpaid last 24h −7.638%

Price spread now: Bitget against Kraken Futures+0.017%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−17.093%−$1,709 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −17.093%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BERAUSD	0.2305	−0.0487	get 0.0061% / 1h	21m 21s	$52K	$25K	20x
Short	Bitget BERAUSDT	0.2305	0.0100	get 0.0050% / 4h	21m 21s	$1.5M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.017%Rate

Funding earned: $123.37
Price spread: +0.017% → 0.000%: $1.7
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $103.07
Costs to cover: 0.220%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 5 min ago. 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 Bitget live order book, 5 min ago	4.33 bp	26.0 bp −$26	142.3 bp −$1,423	doesn't fit	doesn't fit

Kraken Futures: 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	−0.5000%	1h	0.2167	−5.971%	$2K	$3K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0487%	1h	0.2305	long leg	$52K	$25K	20x
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2303	−0.070%	$15K	$53K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2306	+0.047%	$62K	$81K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2307	+0.110%	$15K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2307	+0.095%	$5.4M	$14.2M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2303	−0.070%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2302	−0.113%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2307	+0.104%	$355K	$358K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2306	+0.060%	$1.2M	$400K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2305	+0.017%	$555K	$230K	50x	as long as short
Bitget BERAUSDTshort	+0.0100%	4h	0.2305	+0.017%	$1.5M	$1.1M	50x
BingX BERA-USDT	+0.0100%	4h	0.2304	−0.026%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2307	+0.107%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2310	+0.234%	$51K	$451K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2306	+0.060%	$9K	$987	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2306	+0.052%	$378	$6K	5x	as long as short
BloFin BERA-USDT	+0.0149%	4h	0.2308	+0.147%	$280K	$77K	75x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0184%	1h	0.2306	+0.060%	$3K	$59K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2304	−0.029%	$2K	—	100x	as long as short
01 Exchange BERAUSD	+0.0264%	1h	0.2305	+0.017%	$3K	$3K	5x	as long as short
Hyperliquid BERA	+0.0348%	1h	0.2309	+0.178%	$2.9M	$889K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0382%	4h	0.2310	+0.230%	$108K	$3.2M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0437%	1h	0.2306	+0.065%	$28K	$161K	5x	as long as short