Funding you earn now, next payment 09:00 UTC−0.1382%/8h= −151.3% APRnext payment −$1.73 per $10,000 · paid last 24h +5.184%
Price spread now: Kraken Futures against Backpack−0.059%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+16.923%+$1,692 on $10k
+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 −$41 a day on $10k at the current rate, and Kraken Futures is 0.059% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +16.923%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2287 | 0.0100 | pay 0.0013% / 1h | 38m 09s | $24K | $205K | 5x |
| Short | Kraken Futures PF_BERAUSD | 0.2286 | −0.1282 | pay 0.0160% / 1h | 38m 09s | $51K | $21K | 20x |
Backpack BERA_USDC_PERP
Kraken Futures PF_BERAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$290.23
- Price spread: −0.059% → 0.000%
- −$5.93
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$316.16
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 60 min ago; Kraken Futures: 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, 60 min ago | 0.22 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 | −6.094% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSDshort | −0.1282% | 1h | 0.2286 | −0.059% | $51K | $21K | 20x | |
| 01 Exchange BERAUSD | −0.0312% | 1h | 0.2283 | −0.192% | $3K | $850 | 5x | as long as short |
| BloFin BERA-USDT | +0.0059% | 4h | 0.2283 | −0.192% | $278K | $72K | 75x | as long as short |
| Orderly PERP_BERA_USDC | +0.0076% | 4h | 0.2285 | −0.105% | $9K | $787 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2285 | −0.092% | $64K | $72K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2289 | +0.074% | $2.9M | $588K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2285 | −0.100% | $13K | $22K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2285 | −0.100% | $5.4M | $9.1M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2280 | −0.324% | $3.0M | $2.0M | 25x | as long as short |
Injective BERA/USDC PERP
01 Exchange BERAUSD
BloFin BERA-USDT
Orderly PERP_BERA_USDC
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 | 0.2284 | −0.149% | $1.4M | $1.9M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2282 | −0.236% | $339K | $260K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2285 | −0.105% | $1.2M | $317K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2284 | −0.149% | $549K | $127K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2286 | −0.061% | $1.4M | $805K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2285 | −0.105% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0100% | 1h | 0.2287 | long leg | $24K | $205K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2281 | −0.296% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2294 | +0.289% | $116K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.114% | $36K | $480K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2286 | −0.083% | $370 | $6K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0188% | 1h | 0.2287 | −0.017% | $9K | $45K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2285 | −0.110% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0952% | 1h | 0.2300 | +0.551% | $19K | $53K | 50x | as long as short |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
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