Funding you earn now, next payment 02:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.100%
Price spread now: Coinbase International against Bybit−0.348%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−0.174%−$17 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 −$14 a day on $10k at the current rate, and Coinbase International is 0.348% cheaper against Bybit than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% 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 | Bybit BERAUSDT | 0.2298 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $3.1M | $4.1M | 25x |
| Short | Coinbase International BERA-PERP-INTX | 0.2290 | −0.0376 | pay 0.0047% / 1h | 10m 41s | $16K | $54K | 50x |
Bybit BERAUSDT
Coinbase International BERA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- −$99.96
- Price spread: −0.348% → 0.000%
- −$34.81
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$155.77
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Coinbase International: 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 Bybit live order book, 2 min ago | 4.36 bp | 20.7 bp −$21 | 76.0 bp −$760 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 | 0.2159 | −6.049% | $2K | $5K | 12x | as long as short |
| Coinbase International BERA-PERP-INTXshort | −0.0376% | 1h | 0.2290 | −0.348% | $16K | $54K | 50x | |
| Kraken Futures PF_BERAUSD | −0.0181% | 1h | 0.2303 | +0.206% | $52K | $25K | 20x | as long as short |
| BloFin BERA-USDT | +0.0068% | 4h | 0.2306 | +0.348% | $216K | $74K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2301 | +0.122% | $62K | $88K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0098% | 4h | 0.2301 | +0.131% | $9K | $883 | 10x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2302 | +0.186% | $15K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2301 | +0.131% | $5.4M | $14.2M | 50x | as long as short |
| Bybit BERAUSDTlong | +0.0100% | 4h | 0.2298 | long leg | $3.1M | $4.1M | 25x | |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2298 | 0.000% | $1.5M | $3.2M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Lighter BERA
Orderly PERP_BERA_USDC
Aster BERAUSDT
Binance BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2300 | +0.087% | $347K | $393K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2301 | +0.131% | $1.2M | $438K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2299 | +0.044% | $554K | $231K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2299 | +0.044% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2300 | +0.087% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2299 | +0.024% | $84K | $49K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2300 | +0.087% | $34K | $462K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2303 | +0.196% | $378 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2302 | +0.159% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0308% | 1h | 0.2304 | +0.261% | $2.9M | $917K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0388% | 4h | 0.2297 | −0.024% | $115K | $3.2M | 10x | as long as short |
| 01 Exchange BERAUSD | +0.0400% | 1h | 0.2303 | +0.218% | $3K | $3K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0619% | 1h | 0.2303 | +0.218% | $2K | $55K | 25x | as long as short |
| Backpack BERA_USDC_PERP | +0.0897% | 1h | 0.2305 | +0.313% | $35K | $158K | 5x | as long as short |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
GRVT BERA_USDT_Perp
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
Backpack BERA_USDC_PERP