Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.075%
Price spread now: Backpack against Lighter+0.121%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+0.158%+$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.121% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BERA | 0.2322 | 0.0096 | pay 0.0012% / 1h | 52m 56s | $63K | $77K | 5x |
| Short | Backpack BERA_USDC_PERP | 0.2325 | 0.0276 | get 0.0034% / 1h | 52m 56s | $29K | $155K | 5x |
Lighter BERA
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $37.72
- Price spread: +0.121% → 0.000%
- $12.06
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $39.78
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Backpack: live order book, 65 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 65 min ago | 0.22 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Lighter: 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 | 0.2178 | −6.193% | $2K | $3K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1516% | 1h | 0.2316 | −0.248% | $52K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2323 | +0.052% | $22K | $66K | 50x | as long as short |
| Lighter BERAlong | +0.0096% | 1h | 0.2322 | long leg | $63K | $77K | 5x | |
| Hyperliquid BERA | +0.0100% | 1h | 0.2327 | +0.241% | $2.9M | $664K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2321 | −0.021% | $16K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2323 | +0.050% | $5.5M | $12.1M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2320 | −0.078% | $3.1M | $3.3M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2321 | −0.034% | $1.5M | $2.6M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2320 | −0.078% | $377K | $270K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Hyperliquid BERA
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 | 0.2322 | +0.009% | $1.3M | $378K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2319 | −0.121% | $555K | $220K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2322 | +0.009% | $1.5M | $923K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2321 | −0.034% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2308 | −0.612% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2309 | −0.551% | $109K | $3.2M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2320 | −0.078% | $51K | $437K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2322 | +0.009% | $9K | $937 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2322 | +0.009% | $375 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0141% | 4h | 0.2316 | −0.250% | $282K | $77K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0177% / S −0.0066% | 1h | 0.2322 | +0.024% | $4K | — | 100x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0181% | 1h | 0.2323 | +0.052% | $3K | $45K | 25x | as long as short |
| 01 Exchange BERAUSD | +0.0208% | 1h | 0.2319 | −0.121% | $3K | $3K | 5x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0276% | 1h | 0.2325 | +0.121% | $29K | $155K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Deribit BERA_USDC-PERPETUAL
01 Exchange BERAUSD