Funding you earn now, next payment 21:00 UTC+0.0331%/8h= +36.2% APRpaid last 24h +0.004%
Price spread now: Backpack against BingX+0.079%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$690.689% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.079%, 7d avg +0.061%
=The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.2% 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 | BingX BERA-USDT | 0.2282 | 0.0100 | pay 0.0050% / 4h | 3h 04m | — | $6.6M | — |
| Short | Backpack BERA_USDC_PERP | 0.2284 | 0.0431 | get 0.0054% / 1h | 4m 47s | $37K | $161K | 5x |
BingX BERA-USDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $69.44
- Price spread: +0.079% → +0.061%
- $1.82
- Slippage, 4 orders
- −$48.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $2.33
- Costs to cover
- 0.689%
- Break-even
- 6.8 days
Slippage from BingX: live order book, 2 min ago; Backpack: live order book, 23 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 BingX live order book, 2 min ago | 6.59 bp | 22.6 bp −$23 | 51.2 bp −$512 | 565.2 bp −$56.5K | doesn't fit |
| Sell Backpack live order book, 23 min ago | 0.66 bp | 9.6 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 | 0.2144 | −6.047% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.2230% | 1h | 0.2283 | +0.024% | $51K | $27K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0344% | 1h | 0.2271 | −0.482% | $10K | $47K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0024% | 1h | 0.2284 | +0.088% | $4K | $2K | 5x | as long as short |
| Variational Omni BERA | +0.0081% | 4h | 0.2276 | −0.260% | $84K | $53K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2281 | −0.026% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2284 | +0.069% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2281 | −0.032% | $5.5M | $13.9M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2280 | −0.088% | $3.1M | $4.2M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2278 | −0.175% | $1.5M | $3.3M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Variational Omni BERA
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 | −0.088% | $341K | $391K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2282 | 0.000% | $1.2M | $443K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2280 | −0.088% | $553K | $220K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2281 | −0.044% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDTlong | +0.0100% | 4h | 0.2282 | long leg | — | $6.6M | — | |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2280 | −0.082% | $113K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | −0.088% | $32K | $458K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2282 | 0.000% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2283 | +0.035% | $375 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0115% | 4h | 0.2283 | +0.044% | $297K | $98K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0188% | 1h | 0.2284 | +0.088% | $4K | $64K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2283 | +0.061% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0431% | 1h | 0.2284 | +0.079% | $37K | $161K | 5x | |
| Hyperliquid BERA | +0.0509% | 1h | 0.2286 | +0.193% | $2.9M | $1.0M | 5x | as long as short |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA