Settings8H · net · $10k
Funding arb · Price arb /

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0424%/8h= −46.4% APRnext payment $0.53 per $10,000 · paid last 24h −0.095%
Price spread now: Coinbase International against Lighter−0.294%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.294% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BERA0.22760.0096pay 0.0012% / 1h55m 12s$62K$90K5x
ShortCoinbase International BERA-PERP-INTX0.2269−0.0328pay 0.0041% / 1h55m 12s$9K$44K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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

Funding earned
−$89.04
Price spread: −0.294% → 0.000%
−$29.44
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$128.48
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Coinbase International no order-book sample
Lighter and Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2153−5.392%$2K$5K12xas long as short
Bybit BERAUSDT−0.1238%4h0.2271−0.207%$3.1M$4.1M25xas long as short
Kraken Futures PF_BERAUSD−0.0529%1h0.2275−0.043%$51K$24K20xas long as short
Gate BERA_USDT−0.0438%4h0.2277+0.057%$337K$372K50xas long as short
Coinbase International BERA-PERP-INTXshort−0.0328%1h0.2269−0.294%$9K$44K50x
Variational Omni BERA−0.0106%4h0.2286+0.461%$84K$49Kas long as short
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2277+0.057%$4K$61K25xas long as short
Lighter BERAlong+0.0096%1h0.2276long leg$62K$90K5x
Hyperliquid BERA+0.0100%1h0.2280+0.180%$2.9M$954K5xas long as short
Aster BERAUSDT+0.0100%4h0.2279+0.128%$13K$27K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BERAUSDT+0.0100%4h0.2277+0.035%$5.6M$13.6M50xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2273−0.119%$1.5M$3.2M20xas long as short
MEXC BERA_USDT+0.0100%4h0.2277+0.057%$1.3M$432K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2276+0.013%$546K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2277+0.057%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2275−0.031%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2276+0.018%$37K$149K5xas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2290+0.627%$111K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2290+0.628%$37K$457K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2277+0.057%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2277+0.040%$369$6K5xas long as short
BloFin BERA-USDT+0.0134%4h0.2288+0.540%$291K$83K75xas long as short
01 Exchange BERAUSD+0.0136%1h0.2277+0.057%$4K$2K5xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2277+0.056%$2K100xas long as short