Funding you earn now, next payment 01:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.006%
Price spread now: Backpack against BloFin+0.079%66s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.079%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.095% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BERA-USDT | 0.2268 | 0.0054 | pay 0.0027% / 4h | 3h 43m | $291K | $89K | 75x |
| Short | Backpack BERA_USDC_PERP | 0.2270 | 0.0140 | get 0.0017% / 1h | 43m 33s | $37K | $149K | 5x |
BloFin BERA-USDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- $17.9
- Price spread: +0.079% → −0.016%
- $9.51
- Slippage, 4 orders
- −$35.12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$29.7
- Costs to cover
- 0.571%
- Break-even
- 18.6 days
Slippage from BloFin: live order book, 23 min ago; Backpack: live order book, 29 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 BloFin live order book, 23 min ago | 2.19 bp | 20.5 bp −$20 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 29 min ago | 0.88 bp | 11.1 bp −$11 | 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 | 0.2139 | −5.688% | $2K | $5K | 12x | as long as short |
| Bybit BERAUSDT | −0.0542% | 4h | 0.2270 | +0.088% | $3.1M | $4.1M | 25x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0531% | 1h | 0.2269 | +0.029% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2265 | −0.132% | $9K | $44K | 50x | as long as short |
| Variational Omni BERA | −0.0190% | 4h | 0.2262 | −0.280% | $83K | $49K | — | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2269 | +0.044% | $4K | $61K | 25x | as long as short |
| BloFin BERA-USDTlong | +0.0054% | 4h | 0.2268 | long leg | $291K | $89K | 75x | |
| OKX BERA-USDT-SWAP | +0.0087% | 4h | 0.2271 | +0.132% | $1.5M | $3.2M | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2271 | +0.137% | $62K | $90K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2275 | +0.326% | $2.9M | $934K | 5x | as long as short |
Injective BERA/USDC PERP
Bybit BERAUSDT
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
Deribit BERA_USDC-PERPETUAL
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 | 0.2269 | +0.056% | $13K | $24K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2274 | +0.265% | $5.5M | $13.6M | 50x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2271 | +0.132% | $337K | $375K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2269 | +0.044% | $1.3M | $435K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2266 | −0.088% | $538K | $229K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2271 | +0.132% | $1.5M | $1.0M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2271 | +0.132% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2275 | +0.311% | $112K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.088% | $32K | $459K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2268 | 0.000% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2268 | +0.004% | $368 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0120% | 1h | 0.2273 | +0.220% | $4K | $2K | 5x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0140% | 1h | 0.2270 | +0.079% | $37K | $149K | 5x | |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2267 | −0.023% | $2K | — | 100x | as long as short |
Aster BERAUSDT
Binance BERAUSDT
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
GMX BERA/USD [ETH-USDC]