BERA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0801%/8h= +87.7% APRnext payment +$1.00 per $10,000 · paid last 24h +0.008%

Price spread now: Backpack against ApeX Omni+0.141%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2822.818% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.419%−$42 · spread now +0.141%, 7d avg +0.016%

Together, before fees−0.457%−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Backpack is 0.125% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.016%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BERAUSDT	0.2270	0.0100	pay 0.0013% / 1h	13m 25s	$33K	$454K	50x
Short	Backpack BERA_USDC_PERP	0.2273	0.0901	get 0.0113% / 1h	13m 25s	$38K	$149K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now +0.141%Rate

Funding earned: $168.24
Price spread: +0.141% → +0.016%: $12.49
Slippage, 4 orders: −$261.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$101.03
Costs to cover: 2.818%
Break-even: 11.2 days

Slippage from ApeX Omni: live order book, 9 min ago; Backpack: live order book, 10 min ago.

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 ApeX Omni live order book, 9 min ago	21.98 bp	135.6 bp −$136	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 10 min ago	0.22 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	0.2139	−5.771%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0564%	1h	0.2272	+0.109%	$51K	$26K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0304%	1h	0.2259	−0.485%	$10K	$45K	50x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	0.2273	+0.132%	$4K	$62K	25x	as long as short
01 Exchange BERAUSD	+0.0048%	1h	0.2271	+0.044%	$4K	$2K	5x	as long as short
Lighter BERA	+0.0096%	1h	0.2271	+0.053%	$63K	$93K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2273	+0.127%	$13K	$28K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2271	+0.061%	$5.5M	$13.6M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2267	−0.132%	$3.1M	$4.2M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2268	−0.088%	$1.5M	$3.2M	20x	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	0.2272	+0.088%	$336K	$390K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2271	+0.044%	$1.2M	$436K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2269	−0.044%	$550K	$220K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2272	+0.088%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2269	−0.044%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2271	+0.040%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2279	+0.398%	$106K	$2.8M	10x	as long as short
ApeX Omni BERAUSDTlong	+0.0100%	1h	0.2270	long leg	$33K	$454K	50x
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2271	+0.044%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2272	+0.088%	$372	$6K	5x	as long as short
BloFin BERA-USDT	+0.0102%	4h	0.2272	+0.088%	$290K	$88K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	0.2272	+0.078%	$2K	—	100x	as long as short
Hyperliquid BERA	+0.0842%	1h	0.2276	+0.278%	$2.9M	$966K	5x	as long as short
Backpack BERA_USDC_PERPshort	+0.0901%	1h	0.2273	+0.141%	$38K	$149K	5x