Funding you earn now, next payment 20:00 UTC+0.0372%/8hpaid last 24h −0.002%
Price spread now: Backpack against MEXC+0.079%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.079%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Backpack is 0.064% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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 | MEXC BERA_USDT | 0.2281 | 0.0100 | pay 0.0050% / 4h | 6m 48s | $1.2M | $446K | 20x |
| Short | Backpack BERA_USDC_PERP | 0.2283 | 0.0472 | get 0.0059% / 1h | 6m 48s | $37K | $159K | 5x |
MEXC BERA_USDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $78.18
- Price spread: +0.079% → +0.015%
- $6.44
- Slippage, 4 orders
- −$26.99
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $39.62
- Costs to cover
- 0.450%
- Break-even
- 3.5 days
Slippage from MEXC: live order book, 4 min ago; Backpack: live order book, 25 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 MEXC live order book, 4 min ago | 2.19 bp | 11.6 bp −$12 | 36.0 bp −$360 | 271.0 bp −$27.1K | doesn't fit |
| Sell Backpack live order book, 25 min ago | 0.22 bp | 9.7 bp −$10 | 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 | −0.4672% | 1h | 0.2144 | −6.006% | $2K | $20K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0384% | 1h | 0.2264 | −0.745% | $10K | $82K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0008% | 1h | 0.2280 | −0.044% | $4K | $5K | 5x | as long as short |
| BloFin BERA-USDT | +0.0046% | 4h | 0.2282 | +0.044% | $299K | $104K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2281 | −0.018% | $65K | $94K | 5x | as long as short |
| Variational Omni BERA | +0.0096% | 4h | 0.2275 | −0.242% | $84K | $53K | — | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2280 | −0.032% | $14K | $30K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2282 | +0.035% | $5.5M | $14.4M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2276 | −0.219% | $3.1M | $4.4M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2279 | −0.088% | $1.5M | $3.5M | 20x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
BloFin BERA-USDT
Lighter BERA
Variational Omni BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2277 | −0.175% | $340K | $420K | 50x | as long as short |
| MEXC BERA_USDTlong | +0.0100% | 4h | 0.2281 | long leg | $1.2M | $446K | 20x | |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2278 | −0.132% | $557K | $229K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2281 | 0.000% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2278 | −0.132% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2281 | 0.000% | $112K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | −0.044% | $32K | $462K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2281 | 0.000% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2281 | −0.018% | $370 | $6K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0188% | 1h | 0.2282 | +0.044% | $4K | $64K | 25x | as long as short |
| Hyperliquid BERA | +0.0205% | 1h | 0.2286 | +0.197% | $2.9M | $1.5M | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2282 | +0.043% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0472% | 1h | 0.2283 | +0.079% | $37K | $159K | 5x | |
| Kraken Futures PF_BERAUSD | +1.9689% | 1h | 0.2276 | −0.204% | $52K | $26K | 20x | as long as short |
Gate BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
Deribit BERA_USDC-PERPETUAL
Hyperliquid BERA
GMX BERA/USD [ETH-USDC]
Kraken Futures PF_BERAUSD