Funding you earn now, next payment 23:00 UTC+0.0721%/8h= +79.0% APRpaid last 24h +0.041%
Price spread now: Backpack against OKX+0.239%7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.239%, 7d avg +0.127%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Backpack is 0.111% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.127%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% 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 | OKX BERA-USDT-SWAP | 0.2261 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $1.5M | $3.2M | 20x |
| Short | Backpack BERA_USDC_PERP | 0.2266 | 0.0821 | get 0.0103% / 1h | 28m 05s | $36K | $150K | 5x |
OKX BERA-USDT-SWAP
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. 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
- $151.47
- Price spread: +0.239% → +0.127%
- $11.14
- Slippage, 4 orders
- −$55.1
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $87.51
- Costs to cover
- 0.751%
- Break-even
- 3.0 days
Slippage from OKX: live order book, 4 min ago; Backpack: live order book, 55 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 OKX live order book, 4 min ago | 4.43 bp | 24.9 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 55 min ago | 0.22 bp | 9.9 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 | −0.5000% | 1h | 0.2129 | −5.838% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2258 | −0.133% | $9K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | 0.0000% | 1h | 0.2261 | +0.017% | $51K | $25K | 20x | as long as short |
| BloFin BERA-USDT | +0.0044% | 4h | 0.2266 | +0.221% | $289K | $87K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2263 | +0.106% | $62K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2266 | +0.243% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2266 | +0.229% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2263 | +0.088% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAPlong | +0.0100% | 4h | 0.2261 | long leg | $1.5M | $3.2M | 20x | |
| Gate BERA_USDT | +0.0100% | 4h | 0.2265 | +0.177% | $334K | $392K | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
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 | 0.2266 | +0.221% | $1.2M | $432K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2264 | +0.133% | $546K | $219K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2264 | +0.133% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2264 | +0.133% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2259 | −0.101% | $83K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2267 | +0.258% | $105K | $2.7M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.398% | $32K | $455K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2265 | +0.177% | $8K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2265 | +0.155% | $371 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2268 | +0.310% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0192% | 1h | 0.2265 | +0.177% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2265 | +0.179% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0573% | 1h | 0.2266 | +0.230% | $2.9M | $955K | 5x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0821% | 1h | 0.2266 | +0.239% | $36K | $150K | 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
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA