Funding arb · Price arb /

BERA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.084%

Price spread now: BloFin against 01 Exchange+0.044%98s7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BloFin

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—needs both histories

The price spread pays, funding is against you. BloFin is 0.044% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BERAUSD	0.2278	0.0152	pay 0.0019% / 1h	31m 37s	$4K	$2K	5x
Short	BloFin BERA-USDT	0.2279	0.0140	get 0.0070% / 4h	3h 31m	$289K	$90K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$2.61
Price spread: +0.044% → 0.000%: $4.39
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.22
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 35 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 35 min ago	2.19 bp	8.9 bp −$9	29.9 bp −$299	doesn't fit	doesn't fit

01 Exchange: 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	0.2144	−5.882%	$2K	$5K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0529%	1h	0.2277	−0.045%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2265	−0.571%	$9K	$44K	50x	as long as short
Bybit BERAUSDT	−0.0196%	4h	0.2274	−0.176%	$3.1M	$4.1M	25x	as long as short
Variational Omni BERA	−0.0195%	4h	0.2277	−0.059%	$84K	$49K	—	as long as short
Lighter BERA	+0.0096%	1h	0.2279	+0.035%	$62K	$90K	5x	as long as short
OKX BERA-USDT-SWAP	+0.0098%	4h	0.2275	−0.132%	$1.5M	$3.2M	20x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2283	+0.228%	$2.9M	$924K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2278	+0.005%	$13K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2278	0.000%	$5.6M	$13.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDT	+0.0100%	4h	0.2277	−0.044%	$338K	$375K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2280	+0.088%	$1.3M	$437K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2277	−0.044%	$542K	$229K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2278	0.000%	$1.4M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2276	−0.088%	—	$6.6M	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2284	+0.263%	$112K	$2.9M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2280	+0.088%	$32K	$457K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2277	−0.044%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2277	−0.035%	$369	$6K	5x	as long as short
BloFin BERA-USDTshort	+0.0140%	4h	0.2279	+0.044%	$289K	$90K	75x
01 Exchange BERAUSDlong	+0.0152%	1h	0.2278	long leg	$4K	$2K	5x
Deribit BERA_USDC-PERPETUAL	+0.0189%	1h	0.2279	+0.044%	$4K	$58K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2277	−0.024%	$2K	—	100x	as long as short
Backpack BERA_USDC_PERP	+0.0455%	1h	0.2280	+0.105%	$37K	$149K	5x	as long as short