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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.013%
Price spread now: Variational Omni against Lighter−0.205%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.205% cheaper against Lighter than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BERA0.22360.0096pay 0.0012% / 1h50m 01s$64K$67K5x
ShortVariational Omni BERA0.22320.0100get 0.0050% / 4h50m 01s$80K$51K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$0.84
Price spread: −0.205% → 0.000%
−$20.53
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$19.69
Costs to cover
0.000%
Break-even
171.1 days
Slippage unknown: Lighter: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample
Lighter and Variational Omni: 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 exchanges

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%1h0.2101−6.059%$2K$4K12xas long as short
01 Exchange BERAUSD−0.0160%1h0.2237+0.022%$3K$8505xas long as short
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2237+0.022%$1K$36K25xas long as short
Orderly PERP_BERA_USDC+0.0078%4h0.2235−0.067%$8K$54010xas long as short
Lighter BERAlong+0.0096%1h0.2236long leg$64K$67K5x
Hyperliquid BERA+0.0100%1h0.2235−0.045%$2.4M$1.0M5xas long as short
Aster BERAUSDT+0.0100%4h0.2234−0.106%$14K$19K5xas long as short
Binance BERAUSDT+0.0100%4h0.2234−0.115%$5.2M$8.6M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2232−0.201%$2.9M$1.9M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2230−0.291%$1.3M$1.9M20xas long as short
Show all 24 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BERA_USDT+0.0100%4h0.2234−0.112%$320K$239K50xas long as short
MEXC BERA_USDT+0.0100%4h0.2230−0.291%$1.2M$288K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2231−0.246%$520K$144K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2231−0.246%$1.4M$798K50xas long as short
BingX BERA-USDT+0.0100%4h0.2232−0.201%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2234−0.094%$23K$221K5xas long as short
Variational Omni BERAshort+0.0100%4h0.2232−0.205%$80K$51K
GRVT BERA_USDT_Perp+0.0100%4h0.2238+0.082%$105K$3.0M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2240+0.156%$38K$486K50xas long as short
SoDEX BERA-USD+0.0100%1h0.2237+0.027%$347$6K5xas long as short
BloFin BERA-USDT+0.0154%4h0.2232−0.201%$265K$77K75xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2239+0.102%$2K100xas long as short
Coinbase International BERA-PERP-INTX+0.0880%1h0.2245+0.380%$16K$50K50xas long as short
Kraken Futures PF_BERAUSD+0.6890%1h0.2237+0.013%$50K$33K20xas long as short