Funding you earn now, next payment 22:00 UTC+0.0837%/8h= +91.6% APRpaid last 24h +0.016%
Price spread now: Hyperliquid against Gate+0.273%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1611.612% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.273%, 7d avg +0.042%
=Together, before fees−0.305%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Hyperliquid is 0.231% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.187%, 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 -0.187% in total (about -9.8% 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 | Gate BERA_USDT | 0.2268 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $339K | $388K | 50x |
| Short | Hyperliquid BERA | 0.2274 | 0.0937 | get 0.0117% / 1h | 42m 23s | $2.9M | $987K | 5x |
Gate BERA_USDT
Hyperliquid BERAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $175.68
- Price spread: +0.273% → +0.042%
- $23.11
- Slippage, 4 orders
- −$137.23
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $37.56
- Costs to cover
- 1.612%
- Break-even
- 5.5 days
Slippage from Gate: live order book, 42 min ago; Hyperliquid: live order book, 9 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 Gate live order book, 42 min ago | 6.59 bp | 36.4 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.32 bp | 15.4 bp −$15 | 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 | 0.2134 | −5.908% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0565% | 1h | 0.2269 | +0.038% | $51K | $27K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2266 | −0.088% | $10K | $45K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0072% | 1h | 0.2269 | +0.044% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2270 | +0.088% | $4K | $63K | 25x | as long as short |
| Variational Omni BERA | +0.0028% | 4h | 0.2269 | +0.023% | $84K | $53K | — | as long as short |
| BloFin BERA-USDT | +0.0045% | 4h | 0.2270 | +0.088% | $295K | $88K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2269 | +0.031% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2271 | +0.115% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2271 | +0.132% | $5.5M | $13.7M | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
Variational Omni BERA
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BERAUSDT | +0.0100% | 4h | 0.2267 | −0.044% | $3.1M | $4.2M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2268 | 0.000% | $1.5M | $3.3M | 20x | as long as short |
| Gate BERA_USDTlong | +0.0100% | 4h | 0.2268 | long leg | $339K | $388K | 50x | |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2271 | +0.132% | $1.2M | $434K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2265 | −0.132% | $549K | $221K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2270 | +0.088% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2267 | −0.044% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2273 | +0.220% | $117K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.088% | $32K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2270 | +0.088% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2269 | +0.044% | $374 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2270 | +0.102% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERP | +0.0513% | 1h | 0.2271 | +0.141% | $37K | $154K | 5x | as long as short |
| Hyperliquid BERAshort | +0.0937% | 1h | 0.2274 | +0.273% | $2.9M | $987K | 5x |
Bybit BERAUSDT
OKX BERA-USDT-SWAP
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
Backpack BERA_USDC_PERP