Funding you earn now, next payment 05:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.403%
Price spread now: Injective against Orderly−5.742%118s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$153 a day on $10k at the current rate, and Injective is 5.742% cheaper against Orderly than usual: you would sell low and buy high (−$574 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 118 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BERA_USDC | 0.2299 | 0.0100 | pay 0.0050% / 4h | 3h 27m | $9K | $937 | 10x |
| Short | Injective BERA/USDC PERP | 0.2167 | −0.5000 | pay 0.0625% / 1h | 27m 24s | $2K | $4K | 12x |
Orderly PERP_BERA_USDC
Injective BERA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1,071
- Price spread: −5.742% → 0.000%
- −$574.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,651.18
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: 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 PERPshort | −0.5000% | 1h | 0.2167 | −5.742% | $2K | $4K | 12x | |
| Kraken Futures PF_BERAUSD | −0.1525% | 1h | 0.2302 | +0.113% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2300 | +0.043% | $21K | $60K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2300 | +0.043% | $65K | $84K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2304 | +0.200% | $2.9M | $626K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2301 | +0.097% | $15K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2300 | +0.043% | $5.5M | $10.3M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2296 | −0.130% | $3.1M | $2.6M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2296 | −0.130% | $1.5M | $2.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2302 | +0.130% | $371K | $275K | 50x | as long as short |
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
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 | 0.2299 | 0.000% | $1.2M | $380K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2300 | +0.043% | $552K | $201K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2301 | +0.087% | $1.5M | $809K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2300 | +0.043% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2299 | +0.022% | $29K | $153K | 5x | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2308 | +0.396% | $85K | $52K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2307 | +0.348% | $115K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2310 | +0.478% | $48K | $428K | 50x | as long as short |
| Orderly PERP_BERA_USDClong | +0.0100% | 4h | 0.2299 | long leg | $9K | $937 | 10x | |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2301 | +0.109% | $373 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0112% | 4h | 0.2302 | +0.130% | $283K | $77K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0168% / S −0.0060% | 1h | 0.2299 | −0.003% | $4K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0168% | 1h | 0.2299 | 0.000% | $3K | $872 | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0185% | 1h | 0.2301 | +0.087% | $3K | $45K | 25x | as long as short |
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
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL