Funding you earn now, next payment 22:00 UTC+0.5916%/8h= +647.8% APRnext payment +$7.39 per $10,000 · paid last 24h +0.804%
Price spread now: Backpack against Injective+6.340%72s7-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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$177 a day on $10k at the current rate, and Backpack is 6.340% dearer against Injective than usual: you sell high and buy low: +$634 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 | Injective BERA/USDC PERP | 0.2145 | −0.5000 | get 0.0625% / 1h | 17m 37s | $2K | $4K | 12x |
| Short | Backpack BERA_USDC_PERP | 0.2281 | 0.0916 | get 0.0114% / 1h | 17m 37s | $38K | $149K | 5x |
Injective BERA/USDC PERP
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $1,242.27
- Price spread: +6.340% → 0.000%
- $634.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $1,866.28
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 5 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 0.22 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
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 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 PERPlong | −0.5000% | 1h | 0.2145 | long leg | $2K | $4K | 12x | |
| Kraken Futures PF_BERAUSD | −0.0562% | 1h | 0.2281 | +6.359% | $51K | $26K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2259 | +5.315% | $10K | $45K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2280 | +6.294% | $4K | $62K | 25x | as long as short |
| 01 Exchange BERAUSD | +0.0040% | 1h | 0.2281 | +6.340% | $4K | $2K | 5x | as long as short |
| BloFin BERA-USDT | +0.0075% | 4h | 0.2281 | +6.340% | $291K | $88K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2280 | +6.294% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2279 | +6.257% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2280 | +6.294% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2278 | +6.200% | $3.1M | $4.2M | 25x | as long as short |
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Deribit BERA_USDC-PERPETUAL
01 Exchange BERAUSD
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2277 | +6.154% | $1.5M | $3.3M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2278 | +6.200% | $337K | $390K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2280 | +6.294% | $1.2M | $436K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2276 | +6.107% | $552K | $220K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2280 | +6.294% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2280 | +6.294% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2277 | +6.171% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2282 | +6.386% | $106K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +6.294% | $34K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2279 | +6.247% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2280 | +6.270% | $374 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2280 | +6.292% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0860% | 1h | 0.2285 | +6.541% | $3.0M | $965K | 5x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0916% | 1h | 0.2281 | +6.340% | $38K | $149K | 5x |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA