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+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h −0.034%
Price spread now: Deribit against SoDEX+0.022%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.022% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BERA-USD0.22780.0100pay 0.0013% / 1h18m 35s$367$6K5x
ShortDeribit BERA_USDC-PERPETUAL0.22780.0189get 0.0024% / 1h18m 35s$4K$61K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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
$18.7
Price spread: +0.022% → 0.000%
$2.2
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$5.9
Costs to cover
0.150%
Break-even
4.8 days
Slippage unknown: SoDEX: no order-book sample; Deribit: 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 SoDEX no order-book sample
Sell Deribit no order-book sample
SoDEX and Deribit: 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%1h0.2142−5.950%$2K$5K12xas long as short
Kraken Futures PF_BERAUSD−0.0420%1h0.2278+0.035%$51K$24K20xas long as short
Coinbase International BERA-PERP-INTX−0.0296%1h0.2272−0.241%$10K$45K50xas long as short
Variational Omni BERA+0.0024%4h0.2272−0.233%$84K$49Kas long as short
Lighter BERA+0.0096%1h0.2277−0.022%$62K$90K5xas long as short
Aster BERAUSDT+0.0100%4h0.2278+0.005%$13K$27K5xas long as short
Binance BERAUSDT+0.0100%4h0.2278+0.017%$5.5M$13.5M50xas long as short
Bybit BERAUSDT+0.0100%4h0.2274−0.154%$3.1M$4.1M25xas long as short
OKX BERA-USDT-SWAP+0.0100%4h0.2275−0.110%$1.5M$3.2M20xas long as short
Gate BERA_USDT+0.0100%4h0.2275−0.110%$337K$390K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BERA_USDT+0.0100%4h0.2278+0.022%$1.3M$435K20xas long as short
KuCoin BERAUSDTM+0.0100%4h0.2275−0.110%$544K$227K50xas long as short
Bitget BERAUSDT+0.0100%4h0.2277−0.022%$1.5M$1.1M50xas long as short
BingX BERA-USDT+0.0100%4h0.2278+0.022%$6.6Mas long as short
GRVT BERA_USDT_Perp+0.0100%4h0.2277−0.022%$113K$2.8M10xas long as short
ApeX Omni BERAUSDT+0.0100%1h0.2280+0.110%$37K$459K50xas long as short
Orderly PERP_BERA_USDC+0.0100%4h0.2278+0.022%$9K$1K10xas long as short
SoDEX BERA-USDlong+0.0100%1h0.2278long leg$367$6K5x
BloFin BERA-USDT+0.0118%4h0.2279+0.066%$293K$84K75xas long as short
01 Exchange BERAUSD+0.0168%1h0.2277−0.022%$4K$2K5xas long as short
Deribit BERA_USDC-PERPETUALshort+0.0189%1h0.2278+0.022%$4K$61K25x
GMX BERA/USD [ETH-USDC]L +0.0206% / S −0.0592%1h0.2278+0.017%$2K100xas long as short
Hyperliquid BERA+0.0381%1h0.2280+0.123%$2.9M$954K5xas long as short
Backpack BERA_USDC_PERP+0.0690%1h0.2278+0.044%$37K$148K5xas long as short