Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.070%
Price spread now: Backpack against KuCoin+0.082%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1401.402% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.082%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.051% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BERAUSDTM | 0.2305 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $553K | $201K | 50x |
| Short | Backpack BERA_USDC_PERP | 0.2307 | 0.0100 | get 0.0013% / 1h | 32m 23s | $29K | $155K | 5x |
KuCoin BERAUSDTM
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $0
- Price spread: +0.082% → +0.031%
- $5.12
- Slippage, 4 orders
- −$118.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$135.04
- Costs to cover
- 1.402%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 41 min ago; Backpack: live order book, 21 min ago.
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 KuCoin live order book, 41 min ago | 8.66 bp | 53.5 bp −$53 | 133.4 bp −$1,334 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 21 min ago | 0.22 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.2166 | −6.030% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1522% | 1h | 0.2307 | +0.066% | $52K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2317 | +0.521% | $22K | $59K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2305 | +0.017% | $65K | $84K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2309 | +0.195% | $2.9M | $625K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2307 | +0.078% | $15K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2306 | +0.043% | $5.5M | $10.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2303 | −0.087% | $3.1M | $2.7M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2302 | −0.130% | $1.5M | $2.3M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2306 | +0.043% | $372K | $274K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
Hyperliquid BERA
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 | 0.2306 | +0.043% | $1.2M | $379K | 20x | as long as short |
| KuCoin BERAUSDTMlong | +0.0100% | 4h | 0.2305 | long leg | $553K | $201K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2306 | +0.043% | $1.5M | $840K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2304 | −0.043% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0100% | 1h | 0.2307 | +0.082% | $29K | $155K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2303 | −0.104% | $85K | $52K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2310 | +0.199% | $115K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2310 | +0.217% | $48K | $432K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2306 | +0.043% | $9K | $937 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2306 | +0.035% | $373 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0120% | 4h | 0.2301 | −0.174% | $283K | $77K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0168% | 1h | 0.2305 | 0.000% | $3K | $872 | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0170% / S −0.0061% | 1h | 0.2306 | +0.050% | $4K | — | 100x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0184% | 1h | 0.2307 | +0.087% | $3K | $45K | 25x | as long as short |
MEXC BERA_USDT
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]
Deribit BERA_USDC-PERPETUAL