Funding you earn now, next payment 03:00 UTC+0.0941%/8h= +103.1% APRnext payment +$1.18 per $10,000 · paid last 24h +0.107%
Price spread now: Deribit against Coinbase International+0.564%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Deribit is 0.564% dearer against Coinbase International than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.266%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.18 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 | 0.2306 | −0.0328 | get 0.0041% / 1h | 28m 48s | $15K | $54K | 50x |
| Short | Deribit BERA_USDC-PERPETUAL | 0.2319 | 0.0613 | get 0.0077% / 1h | 28m 48s | $1K | $57K | 25x |
Coinbase International BERA-PERP-INTX
Deribit BERA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $197.65
- Price spread: +0.564% → 0.000%
- $56.37
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $237.02
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Deribit: 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Coinbase International and Deribit: 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 | 0.2171 | −5.854% | $2K | $3K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0485% | 1h | 0.2317 | +0.494% | $52K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTXlong | −0.0328% | 1h | 0.2306 | long leg | $15K | $54K | 50x | |
| BloFin BERA-USDT | +0.0081% | 4h | 0.2316 | +0.434% | $283K | $77K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2314 | +0.347% | $62K | $81K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2313 | +0.291% | $15K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2313 | +0.302% | $5.4M | $14.2M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2313 | +0.304% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2310 | +0.173% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2318 | +0.520% | $356K | $356K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BERA_USDT | +0.0100% | 4h | 0.2312 | +0.260% | $1.2M | $399K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2314 | +0.347% | $558K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2311 | +0.217% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2313 | +0.304% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2298 | −0.343% | $84K | $49K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.694% | $34K | $443K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2318 | +0.520% | $9K | $987 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2318 | +0.499% | $381 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2317 | +0.459% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0280% | 1h | 0.2314 | +0.347% | $3K | $3K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0404% | 4h | 0.2303 | −0.130% | $115K | $3.2M | 10x | as long as short |
| Hyperliquid BERA | +0.0444% | 1h | 0.2316 | +0.438% | $2.9M | $926K | 5x | as long as short |
| Backpack BERA_USDC_PERP | +0.0548% | 1h | 0.2316 | +0.442% | $28K | $161K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUALshort | +0.0613% | 1h | 0.2319 | +0.564% | $1K | $57K | 25x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Hyperliquid BERA
Backpack BERA_USDC_PERP