Funding you earn now, next payment 23:00 UTC+0.0878%/8h= +96.1% APRpaid last 24h +0.017%
Price spread now: Backpack against Binance+0.035%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.558% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.035%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Backpack is 0.027% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.008%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% 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 | Binance BERAUSDT | 0.2278 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $5.5M | $13.6M | 50x |
| Short | Backpack BERA_USDC_PERP | 0.2278 | 0.0978 | get 0.0122% / 1h | 39m 09s | $37K | $150K | 5x |
Binance BERAUSDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- $184.4
- Price spread: +0.035% → +0.008%
- $2.66
- Slippage, 4 orders
- −$35.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $131.21
- Costs to cover
- 0.558%
- Break-even
- 2.0 days
Slippage from Binance: live order book, 16 min ago; Backpack: live order book, 44 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 Binance live order book, 16 min ago | 2.20 bp | 14.3 bp −$14 | 53.8 bp −$538 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 44 min ago | 0.22 bp | 9.9 bp −$10 | doesn't fit | 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 | 0.2143 | −5.906% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2259 | −0.813% | $10K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | 0.0000% | 1h | 0.2277 | −0.037% | $51K | $26K | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2277 | −0.027% | $63K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2277 | −0.022% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDTlong | +0.0100% | 4h | 0.2278 | long leg | $5.5M | $13.6M | 50x | |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2275 | −0.110% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2273 | −0.198% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2277 | −0.022% | $336K | $391K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2276 | −0.066% | $1.2M | $432K | 20x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
Lighter BERA
Aster 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 | 0.2275 | −0.110% | $549K | $218K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2277 | −0.022% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2276 | −0.066% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2276 | −0.078% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2281 | +0.153% | $117K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.110% | $32K | $454K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2277 | −0.022% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2276 | −0.066% | $373 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0143% | 4h | 0.2282 | +0.197% | $290K | $88K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2277 | −0.022% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0189% | 1h | 0.2277 | −0.022% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2277 | −0.031% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0706% | 1h | 0.2281 | +0.175% | $2.9M | $932K | 5x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0978% | 1h | 0.2278 | +0.035% | $37K | $150K | 5x |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
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]
Hyperliquid BERA