Funding you earn now, next payment 00:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.105%
Price spread now: Coinbase International against KuCoin−0.132%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−0.110%−$11 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 −$13 a day on $10k at the current rate, and Coinbase International is 0.132% cheaper against KuCoin than usual: you would sell low and buy high (−$13 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 -0.110% in total (about -5.7% 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 | 0.2272 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $544K | $227K | 50x |
| Short | Coinbase International BERA-PERP-INTX | 0.2269 | −0.0328 | pay 0.0041% / 1h | 52m 04s | $9K | $44K | 50x |
KuCoin BERAUSDTM
Coinbase International BERA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$89.88
- Price spread: −0.132% → 0.000%
- −$13.2
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$125.08
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago | 6.61 bp | 98.7 bp −$99 | 186.2 bp −$1,862 | 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 | 0.2142 | −5.722% | $2K | $5K | 12x | as long as short |
| Bybit BERAUSDT | −0.0881% | 4h | 0.2269 | −0.132% | $3.1M | $4.1M | 25x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0531% | 1h | 0.2269 | −0.145% | $51K | $24K | 20x | as long as short |
| Coinbase International BERA-PERP-INTXshort | −0.0328% | 1h | 0.2269 | −0.132% | $9K | $44K | 50x | |
| Variational Omni BERA | −0.0106% | 4h | 0.2286 | +0.625% | $84K | $49K | — | as long as short |
| Gate BERA_USDT | −0.0012% | 4h | 0.2274 | +0.088% | $337K | $372K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2273 | +0.044% | $4K | $61K | 25x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2271 | −0.053% | $62K | $90K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2275 | +0.136% | $2.9M | $932K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2274 | +0.085% | $13K | $27K | 5x | as long as short |
Injective BERA/USDC PERP
Bybit BERAUSDT
Kraken Futures PF_BERAUSD
Variational Omni BERA
Gate BERA_USDT
Deribit BERA_USDC-PERPETUAL
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 | 0.2273 | +0.027% | $5.6M | $13.6M | 50x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2269 | −0.132% | $1.5M | $3.2M | 20x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2273 | +0.044% | $1.3M | $432K | 20x | as long as short |
| KuCoin BERAUSDTMlong | +0.0100% | 4h | 0.2272 | long leg | $544K | $227K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2273 | +0.044% | $1.5M | $1.0M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2271 | −0.044% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2273 | +0.031% | $37K | $149K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2290 | +0.791% | $111K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.792% | $37K | $457K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2273 | +0.044% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2272 | −0.013% | $368 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0136% | 1h | 0.2275 | +0.132% | $4K | $2K | 5x | as long as short |
| BloFin BERA-USDT | +0.0136% | 4h | 0.2276 | +0.176% | $290K | $83K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2274 | +0.107% | $2K | — | 100x | as long as short |
Binance BERAUSDT
OKX BERA-USDT-SWAP
MEXC BERA_USDT
Bitget BERAUSDT
BingX BERA-USDT
Backpack BERA_USDC_PERP
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
01 Exchange BERAUSD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]