Funding you earn now, next payment 06:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h −0.079%
Price spread now: Deribit against Backpack−0.022%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.541%−$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Deribit is 0.022% cheaper against Backpack than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.541%, so the current rate has only just turned in your favour. The two prices were read 50 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 | Backpack BERA_USDC_PERP | 0.2271 | 0.0100 | pay 0.0013% / 1h | 32m 11s | $26K | $151K | 5x |
| Short | Deribit BERA_USDC-PERPETUAL | 0.2271 | 0.0190 | get 0.0024% / 1h | 32m 11s | $9K | $51K | 25x |
Backpack BERA_USDC_PERP
Deribit BERA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $18.99
- Price spread: −0.022% → 0.000%
- −$2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$0.21
- Costs to cover
- 0.170%
- Break-even
- 7.1 days
Slippage unknown: Backpack: live order book, 16 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 16 min ago | 0.22 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERP | −0.5000% | 1h | 0.2134 | −6.053% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0769% | 1h | 0.2270 | −0.073% | $51K | $25K | 20x | as long as short |
| BloFin BERA-USDT | +0.0076% | 4h | 0.2275 | +0.154% | $281K | $70K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2271 | −0.013% | $65K | $73K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0097% | 4h | 0.2272 | +0.022% | $9K | $787 | 10x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2274 | +0.097% | $15K | $22K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2272 | +0.021% | $5.3M | $9.7M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2267 | −0.198% | $3.0M | $2.3M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2269 | −0.110% | $1.4M | $2.0M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2272 | +0.022% | $355K | $260K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
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 | 0.2272 | +0.022% | $1.2M | $345K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2271 | −0.022% | $550K | $130K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2273 | +0.066% | $1.5M | $771K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2272 | +0.022% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0100% | 1h | 0.2271 | long leg | $26K | $151K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2276 | +0.205% | $84K | $51K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2276 | +0.184% | $105K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.374% | $39K | $453K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2271 | −0.026% | $367 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0136% | 1h | 0.2274 | +0.110% | $3K | $864 | 5x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0160% | 1h | 0.2302 | +1.343% | $20K | $61K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUALshort | +0.0190% | 1h | 0.2271 | −0.022% | $9K | $51K | 25x | |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0591% | 1h | 0.2272 | +0.031% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0343% | 1h | 0.2276 | +0.203% | $2.9M | $597K | 5x | as long as short |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
Coinbase International BERA-PERP-INTX
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA