Funding you earn now, next payment 02:00 UTC−0.0566%/8h= −61.9% APRpaid last 24h −0.044%
Price spread now: Gate against Backpack−0.367%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.416%+$42 · spread now −0.367%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Gate is 0.351% cheaper against Backpack than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment. 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 | 0.2263 | 0.0666 | pay 0.0083% / 1h | 51m 42s | $38K | $155K | 5x |
| Short | Gate BERA_USDT | 0.2255 | 0.0100 | get 0.0050% / 4h | 2h 51m | $333K | $372K | 50x |
Backpack BERA_USDC_PERP
Gate BERA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$118.76
- Price spread: −0.367% → −0.016%
- −$35.08
- Slippage, 4 orders
- −$74.77
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$253.61
- Costs to cover
- 0.998%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 16 min ago; Gate: live order book, 14 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 Backpack live order book, 16 min ago | 0.22 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 14 min ago | 4.39 bp | 44.3 bp −$44 | 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 | 0.2115 | −6.552% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1062% | 1h | 0.2258 | −0.251% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0280% | 1h | 0.2241 | −0.985% | $15K | $51K | 50x | as long as short |
| Variational Omni BERA | −0.0102% | 4h | 0.2243 | −0.912% | $83K | $49K | — | as long as short |
| BloFin BERA-USDT | +0.0095% | 4h | 0.2260 | −0.146% | $289K | $88K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2255 | −0.389% | $61K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2255 | −0.365% | $14K | $25K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2257 | −0.278% | $5.4M | $13.8M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2252 | −0.499% | $3.0M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2253 | −0.455% | $1.5M | $3.2M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDTshort | +0.0100% | 4h | 0.2255 | −0.367% | $333K | $372K | 50x | |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2256 | −0.323% | $1.2M | $441K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2254 | −0.411% | $538K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2254 | −0.411% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2255 | −0.367% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2260 | −0.146% | $32K | $463K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2259 | −0.190% | $8K | $686 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2260 | −0.150% | $368 | $6K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0136% | 4h | 0.2257 | −0.276% | $106K | $3.0M | 10x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0193% | 1h | 0.2260 | −0.146% | $4K | $56K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2258 | −0.213% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0280% | 1h | 0.2256 | −0.323% | $4K | $2K | 5x | as long as short |
| Hyperliquid BERA | +0.0281% | 1h | 0.2259 | −0.190% | $2.9M | $914K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0666% | 1h | 0.2263 | long leg | $38K | $155K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GRVT BERA_USDT_Perp
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Hyperliquid BERA