Funding you earn now, next payment 11:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h −1.463%
Price spread now: Injective against GRVT+3.621%108s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 3.621% dearer against GRVT than usual: you sell high and buy low: +$362 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BERA_USDT_Perp | 0.2238 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $112K | $2.9M | 10x |
| Short | Injective BERA/USDC PERP | 0.2319 | 0.5000 | get 0.0625% / 1h | 31m 33s | $2K | $4K | 12x |
GRVT BERA_USDT_Perp
Injective BERA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GRVT. 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
- $1,029
- Price spread: +3.621% → 0.000%
- $362.09
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,382.07
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 5 min ago; Injective: 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 GRVT live order book, 5 min ago | 4.44 bp | 35.3 bp −$35 | 166.2 bp −$1,662 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange BERAUSD | −0.0936% | 1h | 0.2189 | −2.188% | $3K | $850 | 5x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0831% | 1h | 0.2231 | −0.307% | $50K | $24K | 20x | as long as short |
| Deribit BERA_USDC-PERPETUAL | −0.0198% | 1h | 0.2231 | −0.311% | $1K | $36K | 25x | as long as short |
| BloFin BERA-USDT | +0.0056% | 4h | 0.2235 | −0.132% | $268K | $75K | 75x | as long as short |
| Orderly PERP_BERA_USDC | +0.0076% | 4h | 0.2232 | −0.267% | $8K | $587 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2231 | −0.311% | $63K | $78K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2233 | −0.226% | $2.4M | $992K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2234 | −0.191% | $13K | $19K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2233 | −0.207% | $5.1M | $8.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2233 | −0.222% | $2.9M | $1.8M | 25x | as long as short |
01 Exchange BERAUSD
Kraken Futures PF_BERAUSD
Deribit BERA_USDC-PERPETUAL
BloFin BERA-USDT
Orderly PERP_BERA_USDC
Lighter BERA
Hyperliquid BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2233 | −0.222% | $1.3M | $1.8M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2235 | −0.132% | $323K | $256K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2231 | −0.311% | $1.2M | $294K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2234 | −0.177% | $529K | $130K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2231 | −0.311% | $1.4M | $767K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2232 | −0.267% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2235 | −0.119% | $22K | $214K | 5x | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2249 | +0.490% | $80K | $51K | — | as long as short |
| GRVT BERA_USDT_Perplong | +0.0100% | 4h | 0.2238 | long leg | $112K | $2.9M | 10x | |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2250 | +0.538% | $39K | $485K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2234 | −0.191% | $347 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2244 | +0.261% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.1032% | 1h | 0.2263 | +1.119% | $18K | $45K | 50x | as long as short |
| Injective BERA/USDC PERPshort | +0.5000% | 1h | 0.2319 | +3.621% | $2K | $4K | 12x |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Backpack BERA_USDC_PERP
Variational Omni BERA
ApeX Omni BERAUSDT
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
Coinbase International BERA-PERP-INTX