Funding you earn now, next payment 01:00 UTC−0.0514%/8h= −56.3% APRpaid last 24h −0.035%
Price spread now: KuCoin against Backpack−0.232%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2082.083% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.232%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.208% cheaper against Backpack than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% 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 | 0.2283 | 0.0614 | pay 0.0077% / 1h | 17m 38s | $37K | $150K | 5x |
| Short | KuCoin BERAUSDTM | 0.2278 | 0.0100 | get 0.0050% / 4h | 3h 17m | $542K | $228K | 50x |
Backpack BERA_USDC_PERP
KuCoin BERAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$107.92
- Price spread: −0.232% → −0.024%
- −$20.77
- Slippage, 4 orders
- −$186.31
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$337
- Costs to cover
- 2.083%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 55 min ago; KuCoin: live order book, 35 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, 55 min ago | 0.88 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 35 min ago | 6.61 bp | 81.9 bp −$82 | 167.9 bp −$1,679 | 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 | 0.2148 | −5.926% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0529% | 1h | 0.2277 | −0.267% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2276 | −0.320% | $9K | $45K | 50x | as long as short |
| Variational Omni BERA | −0.0170% | 4h | 0.2282 | −0.073% | $84K | $49K | — | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2277 | −0.276% | $4K | $56K | 25x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2281 | −0.083% | $62K | $90K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2282 | −0.039% | $13K | $24K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2281 | −0.090% | $5.6M | $13.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2277 | −0.276% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2278 | −0.232% | $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
Deribit BERA_USDC-PERPETUAL
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_USDT | +0.0100% | 4h | 0.2280 | −0.145% | $339K | $376K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2280 | −0.145% | $1.2M | $446K | 20x | as long as short |
| KuCoin BERAUSDTMshort | +0.0100% | 4h | 0.2278 | −0.232% | $542K | $228K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2281 | −0.101% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2279 | −0.188% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.293% | $32K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2277 | −0.276% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2278 | −0.210% | $371 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0114% | 4h | 0.2288 | +0.206% | $291K | $90K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2282 | −0.057% | $4K | $2K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0186% | 4h | 0.2287 | +0.161% | $118K | $2.9M | 10x | as long as short |
| Hyperliquid BERA | +0.0191% | 1h | 0.2286 | +0.109% | $2.9M | $909K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2277 | −0.292% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0614% | 1h | 0.2283 | long leg | $37K | $150K | 5x |
Gate BERA_USDT
MEXC BERA_USDT
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Hyperliquid BERA
GMX BERA/USD [ETH-USDC]