BERA

Alert

Funding spread now, next payment 17:00 UTC−0.0395%/8h

paid, last 24h−0.007%paid, last 3 days−0.106%to open and closeno order book

Long on Backpack Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.106% in total (about -12.8% a year). A funding rate is set anew for every payment. 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	Backpack BERA_USDC_PERP	0.2291	0.0495	pay 0.0062% / 1h	32m 26s	$37K	$156K	5x
Short	Variational Omni BERA	0.2291	0.0100	get 0.0050% / 4h	3h 32m	$86K	$44K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Variational OmnibpOrdersRate

Funding earned: −$82.9
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$92.9
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 12 min ago; Variational Omni: RFQ quote, 78 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.009%
Avg gap 7d: −0.167%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 12 min ago	0.87 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 78 min ago	10.86 bp	doesn't fit	128.2 bp −$1,282	doesn't fit	doesn't fit

BERA on 23 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−0.3272%	1h	$2K	$63K	12x	as long as short
Coinbase International BERA-PERP-INTX	−0.0520%	1h	$9K	$110K	50x	as long as short
01 Exchange BERAUSD	−0.0072%	1h	$4K	$5K	5x	as long as short
BloFin BERA-USDT	+0.0060%	4h	$310K	$103K	75x	as long as short
Orderly PERP_BERA_USDC	+0.0077%	4h	$9K	$1K	10x	as long as short
Lighter BERA	+0.0096%	1h	$67K	$93K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	$3.0M	$1.5M	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	$14K	$31K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	$5.6M	$14.7M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	$3.1M	$4.7M	25x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX BERA-USDT-SWAP	+0.0100%	4h	$1.5M	$3.7M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	$342K	$433K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	$1.2M	$462K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	$589K	$240K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	—	$6.6M	—	as long as short
Variational Omni BERAshort	+0.0100%	4h	$86K	$44K	—
ApeX Omni BERAUSDT	+0.0100%	1h	$44K	$466K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	$378	$6K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0187%	1h	$4K	$64K	25x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	$2K	—	100x	as long as short
Backpack BERA_USDC_PERPlong	+0.0495%	1h	$37K	$156K	5x
Kraken Futures PF_BERAUSD	+4.0093%	1h	$54K	$18K	20x	as long as short