Funding you earn now, next payment 06:00 UTC+0.0301%/8h= +33.0% APRpaid last 24h +0.057%
Price spread now: Hyperliquid against Orderly+0.162%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.162% dearer against Orderly than usual: you sell high and buy low: +$16 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 | Orderly PERP_BERA_USDC | 0.2279 | 0.0095 | pay 0.0047% / 4h | 2h 17m | $9K | $787 | 10x |
| Short | Hyperliquid BERA | 0.2283 | 0.0396 | get 0.0050% / 1h | 17m 21s | $2.9M | $592K | 5x |
Orderly PERP_BERA_USDC
Hyperliquid BERAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $63.31
- Price spread: +0.162% → 0.000%
- $16.24
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $64.55
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 4 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 0.66 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | −6.011% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0766% | 1h | 0.2280 | +0.033% | $51K | $24K | 20x | as long as short |
| BloFin BERA-USDT | +0.0059% | 4h | 0.2276 | −0.132% | $279K | $71K | 75x | as long as short |
| Orderly PERP_BERA_USDClong | +0.0095% | 4h | 0.2279 | long leg | $9K | $787 | 10x | |
| Lighter BERA | +0.0096% | 1h | 0.2279 | +0.018% | $65K | $73K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2281 | +0.077% | $15K | $22K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2279 | 0.000% | $5.4M | $9.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2277 | −0.088% | $3.0M | $2.3M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2277 | −0.088% | $1.4M | $2.0M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2277 | −0.088% | $344K | $271K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Lighter 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 | 0.2279 | 0.000% | $1.2M | $347K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2277 | −0.088% | $551K | $127K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2277 | −0.088% | $1.5M | $768K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2277 | −0.088% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2281 | +0.110% | $27K | $149K | 5x | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2265 | −0.632% | $83K | $51K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2278 | −0.038% | $105K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | −0.395% | $37K | $452K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2281 | +0.083% | $365 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0144% | 1h | 0.2280 | +0.044% | $3K | $864 | 5x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0160% | 1h | 0.2282 | +0.132% | $20K | $58K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0189% | 1h | 0.2278 | −0.044% | $9K | $51K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2277 | −0.071% | $2K | — | 100x | as long as short |
| Hyperliquid BERAshort | +0.0396% | 1h | 0.2283 | +0.162% | $2.9M | $592K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Backpack BERA_USDC_PERP
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
Coinbase International BERA-PERP-INTX
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]