Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.079%
Price spread now: MEXC against Backpack−0.074%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.074%, 7d avg −0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.056% cheaper against Backpack than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2286 | 0.0100 | pay 0.0013% / 1h | 11m 48s | $27K | $149K | 5x |
| Short | MEXC BERA_USDT | 0.2284 | 0.0100 | get 0.0050% / 4h | 2h 11m | $1.2M | $347K | 20x |
Backpack BERA_USDC_PERP
MEXC BERA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.074% → −0.018%
- −$5.59
- Slippage, 4 orders
- −$29.91
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$53.5
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 36 min ago; MEXC: 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, 36 min ago | 0.22 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.19 bp | 13.3 bp −$13 | 36.9 bp −$369 | 261.0 bp −$26.1K | 392.4 bp −$196.2K |
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 | 0.2146 | −6.112% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0764% | 1h | 0.2284 | −0.065% | $51K | $24K | 20x | as long as short |
| BloFin BERA-USDT | +0.0093% | 4h | 0.2283 | −0.118% | $275K | $72K | 75x | as long as short |
| Orderly PERP_BERA_USDC | +0.0095% | 4h | 0.2285 | −0.031% | $9K | $787 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2285 | −0.044% | $65K | $73K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2285 | −0.031% | $15K | $22K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2284 | −0.074% | $5.4M | $9.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2283 | −0.118% | $3.1M | $2.3M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2283 | −0.118% | $1.4M | $2.0M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2285 | −0.031% | $344K | $272K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Orderly PERP_BERA_USDC
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BERA_USDTshort | +0.0100% | 4h | 0.2284 | −0.074% | $1.2M | $347K | 20x | |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2284 | −0.074% | $553K | $127K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2283 | −0.118% | $1.5M | $764K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2285 | −0.031% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0100% | 1h | 0.2286 | long leg | $27K | $149K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2276 | −0.441% | $83K | $51K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2281 | −0.209% | $118K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | −0.687% | $37K | $451K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2284 | −0.053% | $365 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0152% | 1h | 0.2285 | −0.031% | $3K | $864 | 5x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0160% | 1h | 0.2290 | +0.188% | $20K | $58K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0188% | 1h | 0.2286 | +0.013% | $9K | $49K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2284 | −0.056% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0407% | 1h | 0.2288 | +0.083% | $2.9M | $594K | 5x | as long as short |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
Coinbase International BERA-PERP-INTX
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA