Funding you earn now, next payment 03:00 UTC+0.0795%/8h= +87.0% APRpaid last 24h +0.058%
Price spread now: Backpack against KuCoin+0.100%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2022.021% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.100%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Backpack is 0.070% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% 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 | KuCoin BERAUSDTM | 0.2298 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $553K | $230K | 50x |
| Short | Backpack BERA_USDC_PERP | 0.2300 | 0.0895 | get 0.0112% / 1h | 9m 21s | $35K | $158K | 5x |
KuCoin BERAUSDTM
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $166.85
- Price spread: +0.100% → +0.030%
- $7
- Slippage, 4 orders
- −$180.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$28.27
- Costs to cover
- 2.021%
- Break-even
- 8.2 days
Slippage from KuCoin: live order book, 14 min ago; Backpack: live order book, 54 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 KuCoin live order book, 14 min ago | 10.86 bp | 81.8 bp −$82 | 201.8 bp −$2,018 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 54 min ago | 0.66 bp | 11.1 bp −$11 | doesn't fit | 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 | 0.2167 | −5.701% | $2K | $5K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0376% | 1h | 0.2290 | −0.348% | $16K | $53K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0182% | 1h | 0.2291 | −0.301% | $51K | $25K | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2293 | −0.200% | $62K | $88K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0099% | 4h | 0.2295 | −0.131% | $9K | $987 | 10x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2299 | +0.042% | $15K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2296 | −0.083% | $5.4M | $14.2M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2294 | −0.174% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2291 | −0.305% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2298 | 0.000% | $347K | $394K | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
Lighter BERA
Orderly PERP_BERA_USDC
Aster BERAUSDT
Binance BERAUSDT
Bybit 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 | 0.2295 | −0.131% | $1.2M | $438K | 20x | as long as short |
| KuCoin BERAUSDTMlong | +0.0100% | 4h | 0.2298 | long leg | $553K | $230K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2296 | −0.087% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2296 | −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 | 0.2294 | −0.152% | $376 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0140% | 4h | 0.2301 | +0.131% | $280K | $73K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2294 | −0.165% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0301% | 1h | 0.2298 | +0.013% | $2.9M | $916K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0382% | 4h | 0.2302 | +0.173% | $116K | $3.2M | 10x | as long as short |
| 01 Exchange BERAUSD | +0.0400% | 1h | 0.2297 | −0.044% | $3K | $3K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0622% | 1h | 0.2295 | −0.131% | $2K | $55K | 25x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0895% | 1h | 0.2300 | +0.100% | $35K | $158K | 5x |
MEXC BERA_USDT
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
GRVT BERA_USDT_Perp
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL