Funding you earn now, next payment 01:00 UTC+0.0591%/8h= +64.7% APRnext payment +$0.74 per $10,000 · paid last 24h +0.142%
Price spread now: Hyperliquid against Coinbase International+0.839%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+0.069%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.839% dearer against Coinbase International than usual: you sell high and buy low: +$84 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 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 | 0.2241 | −0.0280 | get 0.0035% / 1h | 51m 02s | $15K | $51K | 50x |
| Short | Hyperliquid BERA | 0.2260 | 0.0311 | get 0.0039% / 1h | 51m 02s | $2.9M | $915K | 5x |
Coinbase International BERA-PERP-INTX
Hyperliquid BERAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $124.17
- Price spread: +0.839% → 0.000%
- $83.89
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $189.06
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago | 0.88 bp | 7.7 bp −$8 | 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 | 0.2124 | −5.221% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1063% | 1h | 0.2256 | +0.672% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTXlong | −0.0280% | 1h | 0.2241 | long leg | $15K | $51K | 50x | |
| Variational Omni BERA | −0.0121% | 4h | 0.2252 | +0.475% | $83K | $49K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2256 | +0.674% | $61K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2256 | +0.648% | $14K | $25K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2259 | +0.790% | $5.4M | $13.8M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2255 | +0.625% | $3.0M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2257 | +0.714% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2254 | +0.580% | $333K | $372K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Variational Omni BERA
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 | 0.2256 | +0.669% | $1.2M | $441K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2253 | +0.535% | $538K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2255 | +0.625% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2254 | +0.580% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2260 | +0.848% | $32K | $463K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2256 | +0.669% | $8K | $686 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2255 | +0.625% | $367 | $6K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0136% | 4h | 0.2257 | +0.716% | $106K | $3.0M | 10x | as long as short |
| BloFin BERA-USDT | +0.0155% | 4h | 0.2262 | +0.937% | $288K | $88K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0194% | 1h | 0.2255 | +0.625% | $4K | $56K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2255 | +0.630% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0280% | 1h | 0.2256 | +0.669% | $4K | $2K | 5x | as long as short |
| Hyperliquid BERAshort | +0.0311% | 1h | 0.2260 | +0.839% | $2.9M | $915K | 5x | |
| Backpack BERA_USDC_PERP | +0.0725% | 1h | 0.2258 | +0.759% | $38K | $155K | 5x | as long as short |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GRVT BERA_USDT_Perp
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Backpack BERA_USDC_PERP