Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.034%

Price spread now: BloFin against Lighter+0.043%60s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.043% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BERA	0.2304	0.0096	pay 0.0012% / 1h	18m 16s	$62K	$81K	5x
Short	BloFin BERA-USDT	0.2305	0.0088	get 0.0044% / 4h	18m 16s	$280K	$77K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee BloFinbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$1.66
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.32
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 16 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 Lighter no order-book sample	—	—	—	—	—
Sell BloFin live order book, 16 min ago	4.37 bp	25.8 bp −$26	45.1 bp −$451	doesn't fit	doesn't fit

Lighter: 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	0.2170	−5.816%	$2K	$3K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0488%	1h	0.2304	0.000%	$52K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2300	−0.174%	$15K	$53K	50x	as long as short
BloFin BERA-USDTshort	+0.0088%	4h	0.2305	+0.043%	$280K	$77K	75x
Lighter BERAlong	+0.0096%	1h	0.2304	long leg	$62K	$81K	5x
Aster BERAUSDT	+0.0100%	4h	0.2303	−0.061%	$15K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2304	+0.008%	$5.4M	$14.2M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2300	−0.174%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2302	−0.087%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2303	−0.043%	$354K	$358K	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	0.2304	0.000%	$1.2M	$400K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2301	−0.130%	$554K	$230K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2303	−0.043%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2303	−0.043%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2301	−0.127%	$84K	$49K	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2310	+0.260%	$51K	$450K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2304	0.000%	$9K	$987	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2303	−0.048%	$378	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0184%	1h	0.2304	0.000%	$3K	$59K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2303	−0.059%	$2K	—	100x	as long as short
01 Exchange BERAUSD	+0.0264%	1h	0.2301	−0.130%	$3K	$3K	5x	as long as short
Hyperliquid BERA	+0.0321%	1h	0.2305	+0.043%	$2.9M	$890K	5x	as long as short
GRVT BERA_USDT_Perp	+0.0382%	4h	0.2310	+0.256%	$108K	$3.2M	10x	as long as short
Backpack BERA_USDC_PERP	+0.0394%	1h	0.2304	−0.017%	$28K	$161K	5x	as long as short