BERA

Alert

Funding spread now, next payment 18:00 UTC−0.0472%/8h

next payment, per $10,000−$0.59paid, last 24h−0.102%paid, last 5 days−0.087%to open and closeno order book

Long on Lighter Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.087% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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	Lighter BERA	0.2282	0.0096	pay 0.0012% / 1h	25m 39s	$67K	$90K	5x
Short	Coinbase International BERA-PERP-INTX	0.2280	−0.0376	pay 0.0047% / 1h	25m 39s	$10K	$83K	50x

Funding history

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Range statsloading…

Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$99.12
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$109.12
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.096%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International no order-book sample	—	—	—	—	—

Lighter 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−0.4400%	1h	$2K	$47K	12x	as long as short
Coinbase International BERA-PERP-INTXshort	−0.0376%	1h	$10K	$83K	50x
01 Exchange BERAUSD	−0.0080%	1h	$4K	$5K	5x	as long as short
Deribit BERA_USDC-PERPETUAL	0.0000%	1h	$4K	$64K	25x	as long as short
Orderly PERP_BERA_USDC	+0.0088%	4h	$9K	$1K	10x	as long as short
Bybit BERAUSDT	+0.0091%	4h	$3.0M	$4.4M	25x	as long as short
Lighter BERAlong	+0.0096%	1h	$67K	$90K	5x
Variational Omni BERA	+0.0100%	4h	$88K	$49K	—	as long as short
Hyperliquid BERA	+0.0100%	1h	$2.9M	$1.5M	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	$13K	$27K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance BERAUSDT	+0.0100%	4h	$5.6M	$14.3M	50x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	$1.5M	$3.5M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	$342K	$417K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	$1.2M	$447K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	$573K	$226K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	—	$6.6M	—	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	$36K	$470K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	$374	$6K	5x	as long as short
Backpack BERA_USDC_PERP	+0.0134%	1h	$37K	$159K	5x	as long as short
BloFin BERA-USDT	+0.0150%	4h	$305K	$99K	75x	as long as short
GMX BERA/USD [ETH-USDC]	L +0.0206% / S −0.0592%	1h	$2K	—	100x	as long as short
Kraken Futures PF_BERAUSD	+3.9850%	1h	$51K	$23K	20x	as long as short