Funding you earn now, next payment 02:00 UTC−0.1014%/8h= −111.0% APRnext payment −$1.27 per $10,000 · paid last 24h −0.076%
Price spread now: Coinbase International against Deribit−0.931%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+0.292%+$29 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 −$30 a day on $10k at the current rate, and Coinbase International is 0.931% cheaper against Deribit than usual: you would sell low and buy high (−$93 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.292%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.292% in total (about 15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.27 per $10,000. 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 | Deribit BERA_USDC-PERPETUAL | 0.2255 | 0.0638 | pay 0.0080% / 1h | 56m 36s | $4K | $54K | 25x |
| Short | Coinbase International BERA-PERP-INTX | 0.2234 | −0.0376 | pay 0.0047% / 1h | 56m 36s | $15K | $51K | 50x |
Deribit BERA_USDC-PERPETUAL
Coinbase International BERA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$212.88
- Price spread: −0.931% → 0.000%
- −$93.13
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$323.01
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Deribit and 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 23 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 | 0.2120 | −5.987% | $2K | $5K | 12x | as long as short |
| Coinbase International BERA-PERP-INTXshort | −0.0376% | 1h | 0.2234 | −0.931% | $15K | $51K | 50x | |
| Kraken Futures PF_BERAUSD | −0.0185% | 1h | 0.2250 | −0.221% | $51K | $25K | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2265 | +0.443% | $61K | $88K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2256 | +0.061% | $16K | $26K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2266 | +0.494% | $5.3M | $14.0M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2263 | +0.355% | $3.0M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2267 | +0.532% | $1.4M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2260 | +0.222% | $338K | $384K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2266 | +0.488% | $1.2M | $434K | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2262 | +0.310% | $539K | $231K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2267 | +0.532% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2262 | +0.310% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2259 | +0.160% | $83K | $48K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2260 | +0.222% | $32K | $457K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2253 | −0.089% | $9K | $883 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2253 | −0.067% | $368 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2253 | −0.078% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0221% | 1h | 0.2266 | +0.466% | $2.9M | $914K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0376% | 1h | 0.2270 | +0.665% | $3K | $3K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0464% | 4h | 0.2262 | +0.310% | $108K | $3.2M | 10x | as long as short |
| Deribit BERA_USDC-PERPETUALlong | +0.0638% | 1h | 0.2255 | long leg | $4K | $54K | 25x | |
| Backpack BERA_USDC_PERP | +0.0918% | 1h | 0.2257 | +0.098% | $38K | $167K | 5x | as long as short |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Backpack BERA_USDC_PERP