Funding you earn now, next payment 01:00 UTC−0.0763%/8h= −83.5% APRnext payment −$0.95 per $10,000 · paid last 24h +9.002%
Price spread now: Kraken Futures against Backpack−0.195%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+17.150%+$1,715 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 −$23 a day on $10k at the current rate, and Kraken Futures is 0.195% cheaper against Backpack than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +17.150%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2276 | 0.0233 | pay 0.0029% / 1h | 41m 47s | $37K | $149K | 5x |
| Short | Kraken Futures PF_BERAUSD | 0.2271 | −0.0530 | pay 0.0066% / 1h | 41m 47s | $51K | $25K | 20x |
Backpack BERA_USDC_PERP
Kraken Futures PF_BERAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$160.21
- Price spread: −0.195% → 0.000%
- −$19.47
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$199.68
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 31 min ago; Kraken Futures: 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, 31 min ago | 0.88 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 | 0.2135 | −6.187% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSDshort | −0.0530% | 1h | 0.2271 | −0.195% | $51K | $25K | 20x | |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2265 | −0.475% | $9K | $44K | 50x | as long as short |
| Bybit BERAUSDT | −0.0263% | 4h | 0.2269 | −0.299% | $3.1M | $4.1M | 25x | as long as short |
| Variational Omni BERA | −0.0190% | 4h | 0.2262 | −0.622% | $83K | $49K | — | as long as short |
| OKX BERA-USDT-SWAP | +0.0093% | 4h | 0.2268 | −0.343% | $1.5M | $3.2M | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2271 | −0.198% | $62K | $90K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2277 | +0.057% | $2.9M | $934K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2273 | −0.117% | $13K | $24K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2272 | −0.152% | $5.5M | $13.6M | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Bybit BERAUSDT
Variational Omni BERA
OKX BERA-USDT-SWAP
Lighter BERA
Hyperliquid BERA
Aster BERAUSDT
Binance BERAUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2272 | −0.167% | $337K | $375K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2273 | −0.123% | $1.3M | $435K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2270 | −0.255% | $540K | $229K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2273 | −0.123% | $1.5M | $1.0M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2271 | −0.211% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2275 | −0.033% | $112K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | −0.255% | $32K | $459K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2273 | −0.123% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2274 | −0.088% | $369 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0122% | 4h | 0.2272 | −0.167% | $291K | $89K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0128% | 1h | 0.2274 | −0.079% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0190% | 1h | 0.2275 | −0.035% | $4K | $58K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2274 | −0.095% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0233% | 1h | 0.2276 | long leg | $37K | $149K | 5x |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]