Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.040%
Price spread now: Bybit against BloFin−0.619%392s7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)+0.484%+$48 · spread now −0.619%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.489% cheaper against BloFin than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.129%). Swap the legs. The two prices were read 392 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 | BloFin BERA-USDT | 0.2263 | 0.0124 | pay 0.0062% / 4h | 2h 42m | $289K | $88K | 75x |
| Short | Bybit BERAUSDT | 0.2249 | 0.0100 | get 0.0050% / 4h | 2h 42m | $3.0M | $4.1M | 25x |
BloFin BERA-USDT
Bybit BERAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$5.05
- Price spread: −0.619% → −0.129%
- −$48.95
- Slippage, 4 orders
- −$60.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$137.22
- Costs to cover
- 0.832%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 19 min ago; Bybit: live order book, 5 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 BloFin live order book, 19 min ago | 6.62 bp | 21.1 bp −$21 | 42.1 bp −$421 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.22 bp | 28.3 bp −$28 | 80.5 bp −$805 | doesn't fit | doesn't fit |
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 | 0.2124 | −6.142% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1063% | 1h | 0.2256 | −0.306% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0280% | 1h | 0.2241 | −0.972% | $15K | $51K | 50x | as long as short |
| Variational Omni BERA | −0.0100% | 4h | 0.2248 | −0.678% | $83K | $49K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2249 | −0.610% | $61K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2253 | −0.436% | $14K | $25K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2251 | −0.516% | $5.4M | $13.9M | 50x | as long as short |
| Bybit BERAUSDTshort | +0.0100% | 4h | 0.2249 | −0.619% | $3.0M | $4.1M | 25x | |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2247 | −0.707% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2252 | −0.486% | $332K | $375K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
Lighter BERA
Aster BERAUSDT
Binance 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_USDT | +0.0100% | 4h | 0.2250 | −0.574% | $1.2M | $442K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2251 | −0.530% | $537K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2252 | −0.486% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2252 | −0.486% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2250 | −0.574% | $32K | $464K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2255 | −0.354% | $8K | $686 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2256 | −0.331% | $367 | $6K | 5x | as long as short |
| BloFin BERA-USDTlong | +0.0124% | 4h | 0.2263 | long leg | $289K | $88K | 75x | |
| GRVT BERA_USDT_Perp | +0.0186% | 4h | 0.2254 | −0.396% | $108K | $3.0M | 10x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2256 | −0.319% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0360% | 1h | 0.2259 | −0.177% | $4K | $2K | 5x | as long as short |
| Hyperliquid BERA | +0.0440% | 1h | 0.2255 | −0.345% | $2.9M | $916K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0637% | 1h | 0.2257 | −0.265% | $4K | $56K | 25x | as long as short |
| Backpack BERA_USDC_PERP | +0.0936% | 1h | 0.2256 | −0.305% | $36K | $160K | 5x | as long as short |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GRVT BERA_USDT_Perp
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Hyperliquid BERA
Deribit BERA_USDC-PERPETUAL
Backpack BERA_USDC_PERP