Funding you earn now, next payment 03:00 UTC−0.0999%/8h= −109.4% APRnext payment −$1.25 per $10,000 · paid last 24h −0.173%
Price spread now: Coinbase International against Backpack−1.097%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.260%−$26 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Coinbase International is 1.097% cheaper against Backpack than usual: you would sell low and buy high (−$110 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.260% in total (about -13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 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 | Backpack BERA_USDC_PERP | 0.2306 | 0.0671 | pay 0.0084% / 1h | 55m 30s | $29K | $161K | 5x |
| Short | Coinbase International BERA-PERP-INTX | 0.2281 | −0.0328 | pay 0.0041% / 1h | 55m 30s | $15K | $53K | 50x |
Backpack BERA_USDC_PERP
Coinbase International BERA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$209.74
- Price spread: −1.097% → 0.000%
- −$109.7
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$339.44
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 min ago; Coinbase International: 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 Backpack live order book, 3 min ago | 0.22 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 | 0.2158 | −6.430% | $2K | $3K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0489% | 1h | 0.2299 | −0.327% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTXshort | −0.0328% | 1h | 0.2281 | −1.097% | $15K | $53K | 50x | |
| Lighter BERA | +0.0096% | 1h | 0.2305 | −0.056% | $62K | $81K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0099% | 4h | 0.2304 | −0.100% | $9K | $987 | 10x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2300 | −0.256% | $15K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2305 | −0.046% | $5.4M | $14.2M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2302 | −0.186% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2301 | −0.230% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2302 | −0.186% | $347K | $350K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Lighter BERA
Orderly PERP_BERA_USDC
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BERA_USDT | +0.0100% | 4h | 0.2305 | −0.056% | $1.2M | $397K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2301 | −0.230% | $554K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2301 | −0.230% | $1.5M | $1.0M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2303 | −0.143% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2301 | −0.246% | $84K | $49K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.707% | $32K | $460K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2303 | −0.121% | $374 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0128% | 4h | 0.2288 | −0.793% | $281K | $73K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2306 | −0.027% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0240% | 1h | 0.2308 | +0.074% | $3K | $3K | 5x | as long as short |
| Hyperliquid BERA | +0.0335% | 1h | 0.2309 | +0.117% | $2.9M | $922K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0340% | 4h | 0.2291 | −0.670% | $107K | $3.2M | 10x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0618% | 1h | 0.2306 | −0.013% | $2K | $55K | 25x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0671% | 1h | 0.2306 | long leg | $29K | $161K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Hyperliquid BERA
GRVT BERA_USDT_Perp
Deribit BERA_USDC-PERPETUAL