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

BERA

all BERA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%
Price spread now: Hyperliquid against MEXC+0.171%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$520.520% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.171%−$17 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.171%, 7d avg +0.049%
Together, before fees−0.241%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.122% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BERA_USDT0.22870.0100pay 0.0050% / 4h3h 57m$1.3M$432K20x
ShortHyperliquid BERA0.22910.0100get 0.0013% / 1h57m 50s$2.9M$954K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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
Price spread: +0.171% → +0.049%
$12.16
Slippage, 4 orders
−$35
Fee MEXC: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$39.84
Costs to cover
0.520%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago2.18 bp13.3 bp −$1329.6 bp −$296245.7 bp −$24.6K381.3 bp −$190.6K
Sell Hyperliquid live order book, 3 min ago0.65 bp18.9 bp −$19doesn't fitdoesn't fitdoesn't fit

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%1h0.2302+0.656%$2K$5K12xas long as short
Bybit BERAUSDT−0.0941%4h0.2284−0.131%$3.1M$4.1M25xas long as short
Kraken Futures PF_BERAUSD−0.0527%1h0.2287−0.019%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0328%1h0.2269−0.787%$9K$44K50xas long as short
Variational Omni BERA−0.0057%4h0.2288+0.030%$84K$49Kas long as short
Deribit BERA_USDC-PERPETUAL0.0000%1h0.2289+0.087%$4K$61K25xas long as short
BloFin BERA-USDT+0.0065%4h0.2291+0.175%$290K$83K75xas long as short
Lighter BERA+0.0096%1h0.2288+0.039%$62K$90K5xas long as short
Hyperliquid BERAshort+0.0100%1h0.2291+0.171%$2.9M$954K5x
Aster BERAUSDT+0.0100%4h0.2289+0.105%$14K$27K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BERAUSDT+0.0100%4h0.2289+0.086%$5.6M$13.6M50xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2284−0.131%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.22870.000%$339K$372K50xas long as short
MEXC BERA_USDTlong+0.0100%4h0.2287long leg$1.3M$432K20x
KuCoin BERAUSDTM+0.0100%4h0.2286−0.044%$547K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.22870.000%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2286−0.044%$6.6Mas long as short
Backpack BERA_USDC_PERP+0.0100%1h0.2289+0.092%$37K$149K5xas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2292+0.204%$108K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2290+0.131%$37K$458K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2289+0.087%$9K$1K10xas long as short
SoDEX BERA-USD+0.0100%1h0.2289+0.070%$371$6K5xas long as short
01 Exchange BERAUSD+0.0112%1h0.2288+0.044%$4K$2K5xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2288+0.038%$2K100xas long as short