Funding you earn now, next payment 07:00 UTC−0.0716%/8h= −78.4% APRnext payment −$0.89 per $10,000 · paid last 24h +0.168%
Price spread now: Backpack against Coinbase International−0.504%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+0.248%+$25 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 −$21 a day on $10k at the current rate, and Backpack is 0.504% cheaper against Coinbase International than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.248%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.248% in total (about 13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 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 | Coinbase International BERA-PERP-INTX | 0.2300 | 0.0816 | pay 0.0102% / 1h | 24m 13s | $19K | $53K | 50x |
| Short | Backpack BERA_USDC_PERP | 0.2288 | 0.0100 | get 0.0013% / 1h | 24m 13s | $26K | $204K | 5x |
Coinbase International BERA-PERP-INTX
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$150.36
- Price spread: −0.504% → 0.000%
- −$50.43
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$220.79
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Backpack: live order book, 14 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 14 min ago | 0.22 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.2150 | −6.522% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1278% | 1h | 0.2285 | −0.637% | $51K | $21K | 20x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2288 | −0.522% | $9K | $45K | 25x | as long as short |
| Orderly PERP_BERA_USDC | +0.0083% | 4h | 0.2287 | −0.565% | $9K | $787 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2288 | −0.522% | $64K | $74K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2291 | −0.409% | $2.9M | $588K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2290 | −0.435% | $13K | $22K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2288 | −0.522% | $5.5M | $9.3M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2285 | −0.652% | $3.1M | $2.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2284 | −0.696% | $1.4M | $1.9M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Deribit BERA_USDC-PERPETUAL
Orderly PERP_BERA_USDC
Lighter BERA
Hyperliquid 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 | 0.2287 | −0.565% | $344K | $271K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2288 | −0.522% | $1.2M | $321K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2286 | −0.609% | $550K | $128K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2287 | −0.565% | $1.5M | $779K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2287 | −0.565% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0100% | 1h | 0.2288 | −0.504% | $26K | $204K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2283 | −0.757% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2295 | −0.218% | $114K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2300 | 0.000% | $38K | $481K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2287 | −0.570% | $368 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0128% | 1h | 0.2287 | −0.565% | $3K | $864 | 5x | as long as short |
| BloFin BERA-USDT | +0.0151% | 4h | 0.2288 | −0.522% | $282K | $76K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2288 | −0.525% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTXlong | +0.0816% | 1h | 0.2300 | long leg | $19K | $53K | 50x |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]