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

BERA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.021%
Price spread now: Lighter against Orderly−0.075%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 5 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 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.075% cheaper against Orderly than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_BERA_USDC0.22750.0100pay 0.0050% / 4h23m 44s$9K$1K10x
ShortLighter BERA0.22730.0096get 0.0012% / 1h23m 44s$62K$90K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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: −0.075% → 0.000%
−$7.47
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Lighter: 0 bp × 2 orders
$0
Net
−$14.31
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: 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 Orderly no order-book sample
Sell Lighter no order-book sample
Orderly and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BERA/USDC PERP−0.5000%1h0.2142−5.846%$2K$5K12xas long as short
Kraken Futures PF_BERAUSD−0.0421%1h0.2275−0.011%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0296%1h0.2272−0.132%$10K$45K50xas long as short
Variational Omni BERA+0.0095%4h0.2274−0.033%$84K$49Kas long as short
Lighter BERAshort+0.0096%1h0.2273−0.075%$62K$90K5x
Aster BERAUSDT+0.0100%4h0.2277+0.104%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.22750.000%$5.5M$13.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2271−0.176%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2271−0.176%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2274−0.044%$336K$390K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2274−0.044%$1.3M$434K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2273−0.088%$544K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2277+0.088%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2274−0.044%$6.6Mas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2285+0.441%$107K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2280+0.220%$37K$460K50xas long as short
Orderly PERP_BERA_USDClong+0.0100%4h0.2275long leg$9K$1K10x
SoDEX BERA-USD+0.0100%1h0.2275−0.018%$367$6K5xas long as short
BloFin BERA-USDT+0.0111%4h0.2276+0.044%$293K$84K75xas long as short
01 Exchange BERAUSD+0.0184%1h0.22750.000%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUAL+0.0190%1h0.22750.000%$4K$62K25xas long as short
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2275+0.019%$2K100xas long as short
Hyperliquid BERA+0.0435%1h0.2276+0.053%$2.9M$953K5xas long as short
Backpack BERA_USDC_PERP+0.0761%1h0.2276+0.040%$37K$147K5xas long as short