BERA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0492%/8h= +53.9% APRnext payment +$0.62 per $10,000 · paid last 24h +0.074%

Price spread now: GMX against Backpack−0.256%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on GMX

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

Funding pays, the price is against you. GMX is 0.256% cheaper against Backpack than usual: you would sell low and buy high (spread −0.256% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 42 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BERA_USDC_PERP	0.2274	0.0100	pay 0.0013% / 1h	46m 15s	$37K	$149K	5x
Short	GMX BERA/USD [ETH-USDC]	0.2268	L +0.0206% / S −0.0592%	get 0.0074% / 1h	46m 15s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.256%Rate

Funding earned: $103.42
Price spread: −0.256% → 0.000%: −$25.64
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $55.78
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage unknown: Backpack: live order book, 27 min ago; GMX: 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, 27 min ago	0.88 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.2129	−6.372%	$2K	$5K	12x	as long as short
Bybit BERAUSDT	−0.1158%	4h	0.2268	−0.259%	$3.1M	$4.1M	25x	as long as short
Kraken Futures PF_BERAUSD	−0.0530%	1h	0.2271	−0.130%	$51K	$25K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0328%	1h	0.2265	−0.391%	$9K	$44K	50x	as long as short
Variational Omni BERA	−0.0190%	4h	0.2262	−0.539%	$83K	$49K	—	as long as short
BloFin BERA-USDT	+0.0055%	4h	0.2262	−0.523%	$290K	$89K	75x	as long as short
Gate BERA_USDT	+0.0084%	4h	0.2267	−0.303%	$336K	$374K	50x	as long as short
OKX BERA-USDT-SWAP	+0.0086%	4h	0.2269	−0.215%	$1.5M	$3.2M	20x	as long as short
Lighter BERA	+0.0096%	1h	0.2271	−0.141%	$62K	$90K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2272	−0.101%	$2.9M	$933K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BERAUSDT	+0.0100%	4h	0.2267	−0.298%	$13K	$24K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2272	−0.079%	$5.5M	$13.6M	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2272	−0.084%	$1.3M	$435K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2268	−0.259%	$538K	$228K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2272	−0.084%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2269	−0.215%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERPlong	+0.0100%	1h	0.2274	long leg	$37K	$149K	5x
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2275	+0.031%	$111K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2270	−0.172%	$32K	$459K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2271	−0.128%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2271	−0.123%	$368	$6K	5x	as long as short
01 Exchange BERAUSD	+0.0112%	1h	0.2267	−0.303%	$4K	$2K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0190%	1h	0.2272	−0.084%	$4K	$61K	25x	as long as short
GMX BERA/USD [ETH-USDC]short	L +0.0206% / S −0.0592%	1h	0.2268	−0.256%	$2K	—	100x