Funding you earn now, next payment 00:00 UTC−0.5566%/8h= −609.5% APRnext payment −$6.96 per $10,000 · paid last 24h −0.987%
Price spread now: Injective against Backpack−6.000%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$167 a day on $10k at the current rate, and Injective is 6.000% cheaper against Backpack than usual: you would sell low and buy high (−$600 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 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 | Backpack BERA_USDC_PERP | 0.2288 | 0.0566 | pay 0.0071% / 1h | 1m 32s | $37K | $148K | 5x |
| Short | Injective BERA/USDC PERP | 0.2151 | −0.5000 | pay 0.0625% / 1h | 1m 32s | $2K | $5K | 12x |
Backpack BERA_USDC_PERP
Injective BERA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1,168.95
- Price spread: −6.000% → 0.000%
- −$600.01
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,778.98
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 11 min ago; Injective: 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 Backpack live order book, 11 min ago | 0.88 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 PERPshort | −0.5000% | 1h | 0.2151 | −6.000% | $2K | $5K | 12x | |
| Kraken Futures PF_BERAUSD | −0.0418% | 1h | 0.2288 | −0.021% | $51K | $24K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0296% | 1h | 0.2269 | −0.843% | $9K | $44K | 50x | as long as short |
| Variational Omni BERA | −0.0053% | 4h | 0.2275 | −0.573% | $84K | $49K | — | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2287 | −0.057% | $4K | $61K | 25x | as long as short |
| Bybit BERAUSDT | +0.0004% | 4h | 0.2289 | +0.031% | $3.1M | $4.1M | 25x | as long as short |
| BloFin BERA-USDT | +0.0064% | 4h | 0.2292 | +0.162% | $291K | $83K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2287 | −0.057% | $62K | $90K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2289 | +0.040% | $14K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2290 | +0.080% | $5.6M | $13.6M | 50x | as long as short |
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
Deribit BERA_USDC-PERPETUAL
Bybit BERAUSDT
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance 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 | 0.2289 | +0.031% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2288 | −0.013% | $339K | $390K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2291 | +0.118% | $1.3M | $437K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2287 | −0.057% | $547K | $227K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2289 | +0.031% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2289 | +0.031% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2285 | −0.162% | $108K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.074% | $37K | $458K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2287 | −0.057% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2286 | −0.079% | $369 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0152% | 1h | 0.2292 | +0.162% | $4K | $2K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2287 | −0.071% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0253% | 1h | 0.2295 | +0.310% | $2.9M | $953K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0566% | 1h | 0.2288 | long leg | $37K | $148K | 5x |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA