Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.078%
Price spread now: BingX against Backpack−0.105%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.105%, 7d avg −0.065%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.039% cheaper against Backpack than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2296 | 0.0100 | pay 0.0013% / 1h | 18m 02s | $25K | $207K | 5x |
| Short | BingX BERA-USDT | 0.2294 | 0.0100 | get 0.0050% / 4h | 3h 18m | — | $6.6M | — |
Backpack BERA_USDC_PERP
BingX BERA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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: −0.105% → −0.065%
- −$3.93
- Slippage, 4 orders
- −$41.82
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$65.76
- Costs to cover
- 0.618%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 15 min ago; BingX: live order book, 4 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 Backpack live order book, 15 min ago | 0.44 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 6.55 bp | 21.0 bp −$21 | 56.0 bp −$560 | 503.6 bp −$50.4K | 881.9 bp −$441.0K |
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 | 0.2154 | −6.201% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1278% | 1h | 0.2294 | −0.116% | $51K | $21K | 20x | as long as short |
| 01 Exchange BERAUSD | −0.0160% | 1h | 0.2294 | −0.105% | $3K | $850 | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0074% | 4h | 0.2295 | −0.061% | $9K | $815 | 10x | as long as short |
| BloFin BERA-USDT | +0.0091% | 4h | 0.2292 | −0.192% | $218K | $72K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2297 | +0.022% | $64K | $72K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2301 | +0.183% | $2.9M | $575K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2294 | −0.111% | $13K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2296 | −0.033% | $5.4M | $8.7M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2294 | −0.105% | $3.1M | $1.9M | 25x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
01 Exchange BERAUSD
Orderly PERP_BERA_USDC
BloFin BERA-USDT
Lighter BERA
Hyperliquid 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 | 0.2296 | −0.017% | $1.4M | $1.9M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2293 | −0.148% | $339K | $265K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2296 | −0.017% | $1.2M | $322K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2293 | −0.148% | $552K | $127K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2298 | +0.070% | $1.4M | $754K | 50x | as long as short |
| BingX BERA-USDTshort | +0.0100% | 4h | 0.2294 | −0.105% | — | $6.6M | — | |
| Backpack BERA_USDC_PERPlong | +0.0100% | 1h | 0.2296 | long leg | $25K | $207K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2288 | −0.358% | $82K | $51K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2294 | −0.106% | $108K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.279% | $53K | $490K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2296 | −0.026% | $368 | $6K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0186% | 1h | 0.2296 | −0.017% | $9K | $42K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2295 | −0.076% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0952% | 1h | 0.2297 | +0.026% | $18K | $48K | 50x | as long as short |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Coinbase International BERA-PERP-INTX