Funding you earn now, next payment 04:00 UTC−0.0847%/8h= −92.8% APRnext payment −$4.24 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against BingX−0.176%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$860.861% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.176%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Bybit is 0.147% cheaper against BingX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.24 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 | BingX BERA-USDT | 0.2269 | 0.0100 | pay 0.0050% / 4h | 3h 44m | — | $6.6M | — |
| Short | Bybit BERAUSDT | 0.2265 | −0.0747 | pay 0.0374% / 4h | 3h 44m | $3.1M | $4.1M | 25x |
BingX BERA-USDT
Bybit BERAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$177.92
- Price spread: −0.176% → −0.029%
- −$14.73
- Slippage, 4 orders
- −$65.1
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$278.75
- Costs to cover
- 0.861%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 6.62 bp | 22.2 bp −$22 | 48.8 bp −$488 | 560.5 bp −$56.0K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.21 bp | 23.3 bp −$23 | 77.2 bp −$772 | 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 | 0.2139 | −5.729% | $2K | $5K | 12x | as long as short |
| Bybit BERAUSDTshort | −0.0747% | 4h | 0.2265 | −0.176% | $3.1M | $4.1M | 25x | |
| Kraken Futures PF_BERAUSD | −0.0530% | 1h | 0.2271 | +0.089% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2265 | −0.176% | $9K | $44K | 50x | as long as short |
| Variational Omni BERA | −0.0190% | 4h | 0.2262 | −0.324% | $83K | $49K | — | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2272 | +0.132% | $4K | $61K | 25x | as long as short |
| BloFin BERA-USDT | +0.0054% | 4h | 0.2268 | −0.044% | $291K | $89K | 75x | as long as short |
| OKX BERA-USDT-SWAP | +0.0087% | 4h | 0.2265 | −0.176% | $1.5M | $3.2M | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2272 | +0.115% | $62K | $90K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2271 | +0.075% | $2.9M | $933K | 5x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
Deribit BERA_USDC-PERPETUAL
BloFin BERA-USDT
OKX BERA-USDT-SWAP
Lighter BERA
Hyperliquid BERAShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BERAUSDT | +0.0100% | 4h | 0.2271 | +0.077% | $13K | $24K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2269 | +0.019% | $5.5M | $13.6M | 50x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2272 | +0.132% | $337K | $375K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2270 | +0.044% | $1.3M | $435K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2268 | −0.044% | $538K | $229K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2271 | +0.088% | $1.5M | $1.0M | 50x | as long as short |
| BingX BERA-USDTlong | +0.0100% | 4h | 0.2269 | long leg | — | $6.6M | — | |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2275 | +0.247% | $111K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.044% | $32K | $460K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2271 | +0.088% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2272 | +0.128% | $368 | $6K | 5x | as long as short |
| Backpack BERA_USDC_PERP | +0.0118% | 1h | 0.2274 | +0.203% | $37K | $149K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0120% | 1h | 0.2268 | −0.044% | $4K | $2K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2267 | −0.067% | $2K | — | 100x | as long as short |
Aster BERAUSDT
Binance BERAUSDT
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
Backpack BERA_USDC_PERP
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]