Funding you earn now, next payment 22:00 UTC+0.0799%/8h= +87.5% APRpaid last 24h +0.008%
Price spread now: Backpack against Bitget+0.127%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.165%−$17 · spread now +0.127%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Backpack is 0.083% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% 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 | Bitget BERAUSDT | 0.2279 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $1.5M | $1.1M | 50x |
| Short | Backpack BERA_USDC_PERP | 0.2282 | 0.0899 | get 0.0112% / 1h | 19m 02s | $38K | $149K | 5x |
Bitget BERAUSDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $167.83
- Price spread: +0.127% → +0.044%
- $8.31
- Slippage, 4 orders
- −$46.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $108.06
- Costs to cover
- 0.681%
- Break-even
- 2.5 days
Slippage from Bitget: live order book, 3 min ago; Backpack: live order book, 4 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 Bitget live order book, 3 min ago | 6.58 bp | 25.9 bp −$26 | 108.8 bp −$1,088 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 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 | 0.2145 | −5.880% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0562% | 1h | 0.2281 | +0.108% | $51K | $26K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2259 | −0.878% | $10K | $45K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2281 | +0.088% | $4K | $62K | 25x | as long as short |
| 01 Exchange BERAUSD | +0.0032% | 1h | 0.2281 | +0.088% | $4K | $2K | 5x | as long as short |
| BloFin BERA-USDT | +0.0075% | 4h | 0.2281 | +0.088% | $291K | $88K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2281 | +0.070% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2280 | +0.042% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2279 | 0.000% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2276 | −0.132% | $3.1M | $4.2M | 25x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Deribit BERA_USDC-PERPETUAL
01 Exchange BERAUSD
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2276 | −0.132% | $1.5M | $3.3M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2278 | −0.044% | $337K | $390K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2279 | 0.000% | $1.2M | $435K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2276 | −0.132% | $552K | $220K | 50x | as long as short |
| Bitget BERAUSDTlong | +0.0100% | 4h | 0.2279 | long leg | $1.5M | $1.1M | 50x | |
| BingX BERA-USDT | +0.0100% | 4h | 0.2281 | +0.088% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2277 | −0.071% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2280 | +0.039% | $106K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.044% | $34K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2280 | +0.044% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2280 | +0.022% | $374 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2280 | +0.059% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0863% | 1h | 0.2285 | +0.268% | $3.0M | $964K | 5x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0899% | 1h | 0.2282 | +0.127% | $38K | $149K | 5x |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA