Funding you earn now, next payment 02:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.30 per $10,000 · paid last 24h −0.039%
Price spread now: Lighter against Hyperliquid−0.231%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+0.039%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.231% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 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 | Hyperliquid BERA | 0.2254 | 0.0340 | pay 0.0042% / 1h | 10m 16s | $2.9M | $925K | 5x |
| Short | Lighter BERA | 0.2248 | 0.0096 | get 0.0012% / 1h | 10m 16s | $61K | $89K | 5x |
Hyperliquid BERA
Lighter BERAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- −$51.19
- Price spread: −0.231% → 0.000%
- −$23.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$83.26
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Lighter: 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 Hyperliquid live order book, 1 min ago | 1.55 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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 23 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 | 0.2117 | −6.061% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1067% | 1h | 0.2246 | −0.328% | $50K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0280% | 1h | 0.2234 | −0.870% | $15K | $51K | 50x | as long as short |
| Lighter BERAshort | +0.0096% | 1h | 0.2248 | −0.231% | $61K | $89K | 5x | |
| Aster BERAUSDT | +0.0100% | 4h | 0.2252 | −0.071% | $15K | $26K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2249 | −0.204% | $5.3M | $14.0M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2247 | −0.293% | $3.0M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2246 | −0.337% | $1.4M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2250 | −0.160% | $336K | $389K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2249 | −0.204% | $1.2M | $447K | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2250 | −0.160% | $536K | $232K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2249 | −0.204% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2250 | −0.160% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2247 | −0.310% | $83K | $48K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2260 | +0.284% | $32K | $458K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2248 | −0.248% | $8K | $883 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2248 | −0.271% | $363 | $6K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0195% | 1h | 0.2248 | −0.248% | $4K | $54K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2247 | −0.271% | $2K | — | 100x | as long as short |
| Hyperliquid BERAlong | +0.0340% | 1h | 0.2254 | long leg | $2.9M | $925K | 5x | |
| 01 Exchange BERAUSD | +0.0440% | 1h | 0.2251 | −0.115% | $3K | $3K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0444% | 4h | 0.2255 | +0.062% | $111K | $3.1M | 10x | as long as short |
| Backpack BERA_USDC_PERP | +0.1096% | 1h | 0.2253 | −0.022% | $40K | $167K | 5x | as long as short |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Backpack BERA_USDC_PERP