Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0860%/8h= +94.2% APRpaid last 24h −6.670%

Price spread now: OKX against Kraken Futures−0.097%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−17.140%−$1,714 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. OKX is 0.097% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 9 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −17.140%, 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	0.2295	−0.0760	get 0.0095% / 1h	6m 04s	$51K	$21K	20x
Short	OKX BERA-USDT-SWAP	0.2293	0.0100	get 0.0050% / 4h	2h 06m	$1.4M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $180.69
Price spread: −0.097% → 0.000%: −$9.69
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $151
Costs to cover: 0.200%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	2.18 bp	19.6 bp −$20	113.4 bp −$1,134	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	0.2156	−6.066%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSDlong	−0.0760%	1h	0.2295	long leg	$51K	$21K	20x
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2294	−0.053%	$9K	$46K	25x	as long as short
Orderly PERP_BERA_USDC	+0.0095%	4h	0.2295	−0.010%	$9K	$787	10x	as long as short
Lighter BERA	+0.0096%	1h	0.2295	−0.005%	$65K	$73K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2294	−0.068%	$15K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2294	−0.032%	$5.4M	$9.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2291	−0.184%	$3.1M	$2.2M	25x	as long as short
OKX BERA-USDT-SWAPshort	+0.0100%	4h	0.2293	−0.097%	$1.4M	$2.0M	20x
Gate BERA_USDT	+0.0100%	4h	0.2292	−0.140%	$345K	$272K	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	0.2294	−0.053%	$1.2M	$348K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2294	−0.053%	$555K	$127K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2294	−0.053%	$1.5M	$761K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2292	−0.140%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERP	+0.0100%	1h	0.2296	+0.038%	$27K	$149K	5x	as long as short
Variational Omni BERA	+0.0100%	4h	0.2281	−0.615%	$84K	$51K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2287	−0.358%	$106K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	−0.663%	$32K	$457K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2295	−0.010%	$367	$6K	5x	as long as short
BloFin BERA-USDT	+0.0111%	4h	0.2295	−0.010%	$275K	$75K	75x	as long as short
01 Exchange BERAUSD	+0.0160%	1h	0.2295	−0.010%	$3K	$864	5x	as long as short
Coinbase International BERA-PERP-INTX	+0.0160%	1h	0.2299	+0.165%	$20K	$57K	50x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2294	−0.035%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0397%	1h	0.2299	+0.173%	$2.9M	$591K	5x	as long as short