Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1626%/8h= +178.0% APRpaid last 24h −7.132%

Price spread now: KuCoin against Kraken Futures−0.010%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−17.191%−$1,719 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: +$49 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −17.191%, 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	0.2301	−0.1526	get 0.0191% / 1h	15m 05s	$51K	$25K	20x
Short	KuCoin BERAUSDTM	0.2301	0.0100	get 0.0050% / 4h	3h 15m	$552K	$133K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $341.38
Price spread: −0.010% → 0.000%: −$1.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $318.36
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 58 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 KuCoin live order book, 58 min ago	8.66 bp	64.1 bp −$64	128.0 bp −$1,280	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	0.2164	−5.964%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.1526%	1h	0.2301	long leg	$51K	$25K	20x
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2310	+0.381%	$21K	$60K	50x	as long as short
BloFin BERA-USDT	+0.0051%	4h	0.2303	+0.077%	$284K	$77K	75x	as long as short
Lighter BERA	+0.0096%	1h	0.2301	−0.028%	$65K	$84K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2300	−0.052%	$16K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2299	−0.097%	$5.5M	$10.0M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2297	−0.184%	$3.1M	$2.5M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2297	−0.184%	$1.5M	$2.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2302	+0.033%	$372K	$277K	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BERA_USDT	+0.0100%	4h	0.2300	−0.054%	$1.2M	$381K	20x	as long as short
KuCoin BERAUSDTMshort	+0.0100%	4h	0.2301	−0.010%	$552K	$133K	50x
Bitget BERAUSDT	+0.0100%	4h	0.2299	−0.097%	$1.5M	$802K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2299	−0.097%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2300	−0.054%	$28K	$151K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2298	−0.136%	$84K	$52K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2307	+0.251%	$109K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2300	−0.054%	$40K	$445K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2301	−0.010%	$9K	$937	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2300	−0.045%	$372	$6K	5x	as long as short
Hyperliquid BERA	+0.0129%	1h	0.2304	+0.111%	$2.9M	$611K	5x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0164% / S −0.0058%	1h	0.2301	−0.015%	$4K	—	100x	as long as short
01 Exchange BERAUSD	+0.0168%	1h	0.2302	+0.033%	$3K	$864	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0185%	1h	0.2301	−0.010%	$3K	$45K	25x	as long as short