Funding you earn now, next payment 22:00 UTC+0.1126%/8h= +123.3% APRnext payment +$1.41 per $10,000 · paid last 24h −9.500%
Price spread now: Backpack against Kraken Futures+0.146%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−17.238%−$1,724 on $10k
+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 +$34 a day on $10k at the current rate, and Backpack is 0.146% dearer against Kraken Futures than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −17.238%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BERAUSD | 0.2271 | −0.0565 | get 0.0071% / 1h | 53m 25s | $51K | $27K | 20x |
| Short | Backpack BERA_USDC_PERP | 0.2275 | 0.0562 | get 0.0070% / 1h | 53m 25s | $37K | $155K | 5x |
Kraken Futures PF_BERAUSD
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Kraken Futures. 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
- $236.53
- Price spread: +0.146% → 0.000%
- $14.57
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $231.11
- Costs to cover
- 0.200%
- Break-even
- 0.2 days
Slippage unknown: Kraken Futures: no order-book sample; Backpack: live order book, 34 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 34 min ago | 0.66 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: 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 | 0.2138 | −5.864% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSDlong | −0.0565% | 1h | 0.2271 | long leg | $51K | $27K | 20x | |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2271 | −0.008% | $10K | $46K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0072% | 1h | 0.2273 | +0.080% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2274 | +0.124% | $4K | $63K | 25x | as long as short |
| Variational Omni BERA | +0.0044% | 4h | 0.2272 | +0.057% | $84K | $53K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2274 | +0.111% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2276 | +0.210% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2275 | +0.187% | $5.5M | $13.8M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2271 | −0.008% | $3.1M | $4.2M | 25x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
Variational Omni BERA
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 | 0.2271 | −0.008% | $1.5M | $3.3M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2272 | +0.036% | $340K | $387K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2275 | +0.168% | $1.2M | $433K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2272 | +0.036% | $551K | $221K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2275 | +0.168% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2273 | +0.080% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2279 | +0.365% | $107K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.388% | $32K | $457K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2274 | +0.124% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2273 | +0.071% | $373 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0109% | 4h | 0.2275 | +0.168% | $220K | $91K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2275 | +0.168% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0562% | 1h | 0.2275 | +0.146% | $37K | $155K | 5x | |
| Hyperliquid BERA | +0.0894% | 1h | 0.2280 | +0.379% | $2.9M | $986K | 5x | as long as short |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA