Funding you earn now, next payment 01:00 UTC+0.0509%/8h= +55.8% APRnext payment +$0.64 per $10,000 · paid last 24h +0.040%
Price spread now: Backpack against Lighter−0.009%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BERA | 0.2286 | 0.0096 | pay 0.0012% / 1h | 20m 40s | $62K | $90K | 5x |
| Short | Backpack BERA_USDC_PERP | 0.2286 | 0.0605 | get 0.0076% / 1h | 20m 40s | $37K | $150K | 5x |
Lighter BERA
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $106.94
- Price spread: −0.009% → 0.000%
- −$0.87
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $96.07
- Costs to cover
- 0.100%
- Break-even
- 0.7 days
Slippage unknown: Lighter: no order-book sample; Backpack: live order book, 52 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 52 min ago | 0.88 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Lighter: 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 | 0.2148 | −6.045% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0527% | 1h | 0.2284 | −0.096% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2281 | −0.227% | $10K | $45K | 50x | as long as short |
| Variational Omni BERA | −0.0170% | 4h | 0.2282 | −0.200% | $84K | $49K | — | as long as short |
| BloFin BERA-USDT | +0.0050% | 4h | 0.2285 | −0.052% | $290K | $90K | 75x | as long as short |
| Bybit BERAUSDT | +0.0079% | 4h | 0.2283 | −0.140% | $3.1M | $4.1M | 25x | as long as short |
| Lighter BERAlong | +0.0096% | 1h | 0.2286 | long leg | $62K | $90K | 5x | |
| Aster BERAUSDT | +0.0100% | 4h | 0.2286 | −0.024% | $13K | $24K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2286 | −0.014% | $5.6M | $13.5M | 50x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2284 | −0.096% | $1.5M | $3.2M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
BloFin BERA-USDT
Bybit BERAUSDT
Aster BERAUSDT
Binance BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2285 | −0.052% | $340K | $376K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2285 | −0.052% | $1.3M | $438K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2283 | −0.140% | $543K | $228K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2285 | −0.052% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2286 | −0.009% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2300 | +0.604% | $32K | $455K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2285 | −0.052% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2286 | −0.031% | $372 | $6K | 5x | as long as short |
| Hyperliquid BERA | +0.0165% | 1h | 0.2290 | +0.184% | $2.9M | $908K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2287 | +0.035% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0188% | 1h | 0.2286 | −0.009% | $4K | $56K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2286 | −0.018% | $2K | — | 100x | as long as short |
| GRVT BERA_USDT_Perp | +0.0270% | 4h | 0.2290 | +0.167% | $105K | $2.9M | 10x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0605% | 1h | 0.2286 | −0.009% | $37K | $150K | 5x |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
Hyperliquid BERA
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
GRVT BERA_USDT_Perp