Funding you earn now, next payment 21:00 UTC−0.0395%/8h= −43.3% APRpaid last 24h −0.098%
Price spread now: Coinbase International against Bybit−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Coinbase International is 0.044% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.4% 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 | Bybit BERAUSDT | 0.2267 | 0.0091 | pay 0.0046% / 4h | 2h 50m | $3.1M | $4.2M | 25x |
| Short | Coinbase International BERA-PERP-INTX | 0.2266 | −0.0304 | pay 0.0038% / 1h | 50m 38s | $10K | $46K | 50x |
Bybit BERAUSDT
Coinbase International BERA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- −$83.03
- Price spread: −0.044% → 0.000%
- −$4.41
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$108.44
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Coinbase International: no order-book sample. Net counts fees only.
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 Bybit live order book, 2 min ago | 4.41 bp | 24.9 bp −$25 | 89.3 bp −$893 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2137 | −5.734% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0565% | 1h | 0.2268 | +0.057% | $51K | $27K | 20x | as long as short |
| Coinbase International BERA-PERP-INTXshort | −0.0304% | 1h | 0.2266 | −0.044% | $10K | $46K | 50x | |
| 01 Exchange BERAUSD | −0.0096% | 1h | 0.2270 | +0.132% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2271 | +0.176% | $4K | $63K | 25x | as long as short |
| Variational Omni BERA | +0.0059% | 4h | 0.2266 | −0.066% | $84K | $53K | — | as long as short |
| Bybit BERAUSDTlong | +0.0091% | 4h | 0.2267 | long leg | $3.1M | $4.2M | 25x | |
| Lighter BERA | +0.0096% | 1h | 0.2270 | +0.119% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2273 | +0.282% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2271 | +0.176% | $5.5M | $13.8M | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
Variational Omni BERA
Lighter BERA
Aster BERAUSDT
Binance 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 | 0.2268 | +0.044% | $1.5M | $3.3M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2270 | +0.132% | $339K | $388K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2270 | +0.132% | $1.2M | $434K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2271 | +0.176% | $550K | $221K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2273 | +0.265% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2270 | +0.132% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2279 | +0.551% | $107K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.573% | $32K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2269 | +0.088% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2269 | +0.079% | $374 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0129% | 4h | 0.2272 | +0.221% | $294K | $88K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2270 | +0.140% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERP | +0.0429% | 1h | 0.2271 | +0.163% | $37K | $157K | 5x | as long as short |
| Hyperliquid BERA | +0.0853% | 1h | 0.2274 | +0.326% | $2.9M | $987K | 5x | as long as short |
OKX BERA-USDT-SWAP
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
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Backpack BERA_USDC_PERP
Hyperliquid BERA