Funding you earn now, next payment 00:00 UTC−0.0424%/8h= −46.4% APRnext payment −$0.53 per $10,000 · paid last 24h −0.099%
Price spread now: Coinbase International against Lighter−0.355%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−0.103%−$10 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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.355% cheaper against Lighter than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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 | 0.2284 | 0.0096 | pay 0.0012% / 1h | 16m 38s | $62K | $90K | 5x |
| Short | Coinbase International BERA-PERP-INTX | 0.2276 | −0.0328 | pay 0.0041% / 1h | 16m 38s | $9K | $45K | 50x |
Lighter BERA
Coinbase International BERA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$89.04
- Price spread: −0.355% → 0.000%
- −$35.46
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$134.5
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Coinbase International: no order-book sample. 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 Coinbase International no order-book sample | — | — | — | — | — |
Lighter and Coinbase International: 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 | 0.2145 | −6.090% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0529% | 1h | 0.2276 | −0.355% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTXshort | −0.0328% | 1h | 0.2276 | −0.355% | $9K | $45K | 50x | |
| Variational Omni BERA | −0.0170% | 4h | 0.2282 | −0.108% | $84K | $49K | — | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2281 | −0.136% | $4K | $56K | 25x | as long as short |
| Lighter BERAlong | +0.0096% | 1h | 0.2284 | long leg | $62K | $90K | 5x | |
| Aster BERAUSDT | +0.0100% | 4h | 0.2282 | −0.095% | $13K | $24K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2286 | +0.083% | $5.6M | $13.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2282 | −0.092% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2284 | −0.004% | $1.5M | $3.2M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Variational Omni BERA
Deribit BERA_USDC-PERPETUAL
Aster BERAUSDT
Binance BERAUSDT
Bybit 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 | 0.2281 | −0.136% | $339K | $376K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2284 | −0.004% | $1.2M | $446K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2281 | −0.136% | $542K | $228K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2284 | −0.004% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2282 | −0.092% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.258% | $32K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2281 | −0.136% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2280 | −0.184% | $371 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0148% | 4h | 0.2280 | −0.180% | $290K | $90K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2285 | +0.039% | $4K | $2K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0186% | 4h | 0.2287 | +0.126% | $118K | $2.9M | 10x | as long as short |
| Hyperliquid BERA | +0.0199% | 1h | 0.2287 | +0.131% | $2.9M | $909K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2280 | −0.171% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERP | +0.0616% | 1h | 0.2283 | −0.031% | $37K | $150K | 5x | as long as short |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Hyperliquid BERA
GMX BERA/USD [ETH-USDC]
Backpack BERA_USDC_PERP