Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.070%
Price spread now: Backpack against Deribit+0.004%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.517%+$52 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BERA_USDC-PERPETUAL | 0.2289 | 0 | get 0.0000% / 1h | 57m 33s | $4K | $61K | 25x |
| Short | Backpack BERA_USDC_PERP | 0.2289 | 0.0100 | get 0.0013% / 1h | 57m 33s | $37K | $149K | 5x |
Deribit BERA_USDC-PERPETUAL
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- $21
- Price spread: +0.004% → 0.000%
- $0.44
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $4.44
- Costs to cover
- 0.170%
- Break-even
- 5.5 days
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 15 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 15 min ago | 0.88 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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 | 0.2302 | +0.568% | $2K | $5K | 12x | as long as short |
| Bybit BERAUSDT | −0.1547% | 4h | 0.2283 | −0.262% | $3.1M | $4.1M | 25x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0527% | 1h | 0.2287 | −0.107% | $51K | $24K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2269 | −0.874% | $9K | $44K | 50x | as long as short |
| Variational Omni BERA | −0.0057% | 4h | 0.2288 | −0.057% | $84K | $49K | — | as long as short |
| Deribit BERA_USDC-PERPETUALlong | 0.0000% | 1h | 0.2289 | long leg | $4K | $61K | 25x | |
| BloFin BERA-USDT | +0.0065% | 4h | 0.2291 | +0.087% | $290K | $83K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2287 | −0.087% | $62K | $90K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2291 | +0.083% | $2.9M | $954K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2289 | −0.011% | $14K | $27K | 5x | as long as short |
Injective BERA/USDC PERP
Bybit BERAUSDT
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
BloFin BERA-USDT
Lighter BERA
Hyperliquid BERA
Aster BERAUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BERAUSDT | +0.0100% | 4h | 0.2287 | −0.072% | $5.6M | $13.6M | 50x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2282 | −0.306% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2287 | −0.087% | $339K | $372K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2288 | −0.044% | $1.3M | $432K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2285 | −0.175% | $546K | $227K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2287 | −0.087% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2286 | −0.131% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0100% | 1h | 0.2289 | +0.004% | $37K | $149K | 5x | |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2292 | +0.116% | $108K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.044% | $37K | $458K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2289 | 0.000% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2289 | −0.017% | $371 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0128% | 1h | 0.2286 | −0.131% | $4K | $2K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2288 | −0.049% | $2K | — | 100x | as long as short |
Binance BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]