Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.034%
Price spread now: BloFin against KuCoin+0.265%80s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2012.012% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 3 days (all we have)−0.299%−$30 · spread now +0.265%, 7d avg +0.044%
=The price spread pays, funding is against you. BloFin is 0.221% dearer against KuCoin than usual: you sell high and buy low (spread +0.265% now, against its 7-day average of +0.044%): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 7 days funding on this pair paid +0.156%, so the current rate has only just turned against you. The two prices were read 80 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 | KuCoin BERAUSDTM | 0.2260 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $545K | $219K | 50x |
| Short | BloFin BERA-USDT | 0.2266 | 0.0062 | get 0.0031% / 4h | 1h 29m | $289K | $87K | 75x |
KuCoin BERAUSDTM
BloFin BERA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.04
- Price spread: +0.265% → +0.044%
- $22.12
- Slippage, 4 orders
- −$177.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$187.09
- Costs to cover
- 2.012%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 43 min ago; BloFin: live order book, 47 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, 43 min ago | 11.04 bp | 76.7 bp −$77 | 199.7 bp −$1,997 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 4.40 bp | 14.7 bp −$15 | 40.1 bp −$401 | 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 | 0.2129 | −5.796% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2261 | +0.044% | $10K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | 0.0000% | 1h | 0.2258 | −0.097% | $51K | $25K | 20x | as long as short |
| BloFin BERA-USDTshort | +0.0062% | 4h | 0.2266 | +0.265% | $289K | $87K | 75x | |
| Lighter BERA | +0.0096% | 1h | 0.2261 | +0.066% | $62K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2264 | +0.175% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2264 | +0.175% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2260 | 0.000% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2262 | +0.088% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2262 | +0.088% | $334K | $392K | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
Lighter 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 | 0.2263 | +0.133% | $1.2M | $432K | 20x | as long as short |
| KuCoin BERAUSDTMlong | +0.0100% | 4h | 0.2260 | long leg | $545K | $219K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2263 | +0.133% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2264 | +0.177% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2259 | −0.057% | $83K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2275 | +0.642% | $105K | $2.7M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.442% | $32K | $455K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2262 | +0.088% | $8K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2262 | +0.093% | $371 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2262 | +0.088% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0192% | 1h | 0.2262 | +0.088% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2262 | +0.073% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0618% | 1h | 0.2267 | +0.292% | $2.9M | $954K | 5x | as long as short |
| Backpack BERA_USDC_PERP | +0.0815% | 1h | 0.2263 | +0.155% | $36K | $150K | 5x | 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
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
Backpack BERA_USDC_PERP