Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h +9.508%

Price spread now: Kraken Futures against Variational Omni+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.055% dearer against Variational Omni than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BERA	0.2260	0.0100	pay 0.0050% / 4h	1h 16m	$83K	$49K	—
Short	Kraken Futures PF_BERAUSD	0.2261	0.0000	pay 0.0000% / 1h	16m 59s	$51K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$21.06
Price spread: +0.055% → 0.000%: $5.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.59
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and Kraken Futures: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−0.5000%	1h	0.2128	−5.850%	$2K	$4K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0320%	1h	0.2258	−0.098%	$9K	$45K	50x	as long as short
Kraken Futures PF_BERAUSDshort	0.0000%	1h	0.2261	+0.055%	$51K	$25K	20x
Lighter BERA	+0.0096%	1h	0.2263	+0.101%	$62K	$89K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2264	+0.183%	$13K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2264	+0.152%	$5.5M	$13.6M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2260	−0.010%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2260	−0.010%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2261	+0.035%	$334K	$393K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2263	+0.123%	$1.2M	$433K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2261	+0.035%	$546K	$220K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2263	+0.123%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2264	+0.167%	—	$6.6M	—	as long as short
Variational Omni BERAlong	+0.0100%	4h	0.2260	long leg	$83K	$49K	—
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2267	+0.297%	$115K	$2.7M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	+0.433%	$32K	$457K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2265	+0.212%	$8K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2265	+0.212%	$371	$6K	5x	as long as short
BloFin BERA-USDT	+0.0158%	4h	0.2264	+0.167%	$287K	$88K	75x	as long as short
01 Exchange BERAUSD	+0.0176%	1h	0.2267	+0.300%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0192%	1h	0.2266	+0.256%	$4K	$62K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0205% / S −0.0592%	1h	0.2265	+0.191%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0470%	1h	0.2267	+0.305%	$2.9M	$948K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0760%	1h	0.2265	+0.203%	$36K	$149K	5x	as long as short