Funding you earn now, next payment 00:00 UTC−0.0502%/8h= −54.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.034%
Price spread now: Lighter against Backpack−0.097%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−0.115%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.097% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. 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 | 0.2276 | 0.0598 | pay 0.0075% / 1h | 11m 25s | $37K | $148K | 5x |
| Short | Lighter BERA | 0.2274 | 0.0096 | get 0.0012% / 1h | 11m 25s | $62K | $90K | 5x |
Backpack BERA_USDC_PERP
Lighter BERAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$105.32
- Price spread: −0.097% → 0.000%
- −$9.67
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$124.98
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 2 min ago; Lighter: 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, 2 min ago | 0.88 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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 | 0.2140 | −5.984% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0421% | 1h | 0.2275 | −0.031% | $51K | $24K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0296% | 1h | 0.2272 | −0.185% | $10K | $44K | 50x | as long as short |
| Variational Omni BERA | −0.0036% | 4h | 0.2270 | −0.265% | $84K | $49K | — | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2274 | −0.097% | $4K | $61K | 25x | as long as short |
| Bybit BERAUSDT | +0.0044% | 4h | 0.2271 | −0.228% | $3.1M | $4.1M | 25x | as long as short |
| Lighter BERAshort | +0.0096% | 1h | 0.2274 | −0.097% | $62K | $90K | 5x | |
| Aster BERAUSDT | +0.0100% | 4h | 0.2276 | −0.001% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2275 | −0.053% | $5.5M | $13.5M | 50x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2270 | −0.272% | $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
Bybit BERAUSDT
Aster BERAUSDT
Binance 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 | 0.2273 | −0.141% | $336K | $390K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2275 | −0.053% | $1.3M | $435K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2272 | −0.185% | $544K | $227K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2277 | +0.035% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2273 | −0.141% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2278 | +0.079% | $108K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.167% | $37K | $461K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2274 | −0.097% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2274 | −0.079% | $367 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0152% | 1h | 0.2274 | −0.097% | $4K | $2K | 5x | as long as short |
| BloFin BERA-USDT | +0.0152% | 4h | 0.2278 | +0.079% | $291K | $84K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2275 | −0.067% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0321% | 1h | 0.2277 | +0.048% | $2.9M | $954K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0598% | 1h | 0.2276 | long leg | $37K | $148K | 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
01 Exchange BERAUSD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA