Funding you earn now, next payment 06:00 UTC−0.0296%/8h= −32.5% APRpaid last 24h −0.057%
Price spread now: Orderly against Hyperliquid−0.187%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.187% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BERA | 0.2300 | 0.0391 | pay 0.0049% / 1h | 0m 58s | $2.9M | $592K | 5x |
| Short | Orderly PERP_BERA_USDC | 0.2296 | 0.0095 | get 0.0047% / 4h | 2h 00m | $9K | $787 | 10x |
Hyperliquid BERA
Orderly PERP_BERA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$62.25
- Price spread: −0.187% → 0.000%
- −$18.69
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$95.95
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Orderly: 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, 10 min ago | 1.09 bp | 17.6 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 0.2156 | −6.273% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0760% | 1h | 0.2297 | −0.130% | $51K | $21K | 20x | as long as short |
| Orderly PERP_BERA_USDCshort | +0.0095% | 4h | 0.2296 | −0.187% | $9K | $787 | 10x | |
| Lighter BERA | +0.0096% | 1h | 0.2296 | −0.187% | $65K | $73K | 5x | as long as short |
| BloFin BERA-USDT | +0.0097% | 4h | 0.2295 | −0.230% | $277K | $75K | 75x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2295 | −0.237% | $15K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2295 | −0.210% | $5.4M | $9.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2292 | −0.361% | $3.1M | $2.2M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2293 | −0.317% | $1.4M | $2.0M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2295 | −0.230% | $346K | $272K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Lighter BERA
BloFin BERA-USDT
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 | 0.2295 | −0.230% | $1.2M | $348K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2295 | −0.230% | $555K | $127K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2296 | −0.187% | $1.5M | $759K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2293 | −0.317% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2297 | −0.148% | $28K | $149K | 5x | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2291 | −0.400% | $84K | $51K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2293 | −0.315% | $106K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.448% | $52K | $471K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2296 | −0.209% | $369 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0152% | 1h | 0.2294 | −0.274% | $3K | $864 | 5x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0160% | 1h | 0.2299 | −0.057% | $20K | $57K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0186% | 1h | 0.2297 | −0.143% | $9K | $46K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2295 | −0.249% | $2K | — | 100x | as long as short |
| Hyperliquid BERAlong | +0.0391% | 1h | 0.2300 | long leg | $2.9M | $592K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Backpack BERA_USDC_PERP
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
Coinbase International BERA-PERP-INTX
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]