Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.067%
Price spread now: GRVT against Backpack−0.301%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$530.535% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.288%+$29 · spread now −0.301%, 7d avg −0.016%
=Together, before fees+0.254%+ Points / potential airdropGRVT: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.285% cheaper against Backpack than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2299 | 0.0470 | pay 0.0059% / 1h | 31m 29s | $28K | $161K | 5x |
| Short | GRVT BERA_USDT_Perp | 0.2292 | 0.0370 | get 0.0185% / 4h | 31m 29s | $113K | $3.2M | 10x |
Backpack BERA_USDC_PERP
GRVT BERA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$21.05
- Price spread: −0.301% → −0.016%
- −$28.47
- Slippage, 4 orders
- −$34.5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$103.02
- Costs to cover
- 0.535%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 27 min ago; GRVT: live order book, 2 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, 27 min ago | 0.22 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 4.36 bp | 18.6 bp −$19 | 58.7 bp −$587 | 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 | 0.2150 | −6.477% | $2K | $3K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0489% | 1h | 0.2296 | −0.134% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2280 | −0.822% | $15K | $53K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2301 | +0.083% | $62K | $81K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2297 | −0.088% | $15K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2301 | +0.091% | $5.4M | $14.2M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2302 | +0.135% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2298 | −0.039% | $1.4M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2297 | −0.083% | $353K | $356K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2302 | +0.135% | $1.2M | $399K | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2296 | −0.126% | $553K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2301 | +0.091% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2301 | +0.091% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2282 | −0.731% | $83K | $49K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.387% | $34K | $443K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2301 | +0.091% | $9K | $987 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2297 | −0.070% | $375 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0151% | 4h | 0.2291 | −0.344% | $281K | $76K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2301 | +0.085% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0264% | 1h | 0.2303 | +0.178% | $3K | $3K | 5x | as long as short |
| GRVT BERA_USDT_Perpshort | +0.0370% | 4h | 0.2292 | −0.301% | $113K | $3.2M | 10x | |
| Hyperliquid BERA | +0.0449% | 1h | 0.2306 | +0.296% | $2.9M | $926K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0470% | 1h | 0.2299 | long leg | $28K | $161K | 5x | |
| Deribit BERA_USDC-PERPETUAL | +0.0621% | 1h | 0.2299 | +0.004% | $1K | $57K | 25x | as long as short |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Hyperliquid BERA
Deribit BERA_USDC-PERPETUAL