Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h +9.526%
Price spread now: Kraken Futures against Orderly−0.111%7-day average — · you buy dearer than you sell
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—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.111% cheaper against Orderly than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BERA_USDC | 0.2270 | 0.0100 | pay 0.0050% / 4h | 1h 47m | $9K | $1K | 10x |
| Short | Kraken Futures PF_BERAUSD | 0.2267 | 0.0000 | pay 0.0000% / 1h | 47m 01s | $51K | $26K | 20x |
Orderly PERP_BERA_USDC
Kraken Futures PF_BERAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$21.06
- Price spread: −0.111% → 0.000%
- −$11.12
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$48.18
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample | — | — | — | — | — |
Orderly and Kraken Futures: 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 | 0.2136 | −5.903% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2259 | −0.485% | $10K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSDshort | 0.0000% | 1h | 0.2267 | −0.111% | $51K | $26K | 20x | |
| Lighter BERA | +0.0096% | 1h | 0.2269 | −0.048% | $63K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2272 | +0.069% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2271 | +0.061% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2267 | −0.132% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2266 | −0.176% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2269 | −0.044% | $335K | $391K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2271 | +0.044% | $1.2M | $431K | 20x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2267 | −0.132% | $550K | $218K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2270 | 0.000% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2270 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2263 | −0.295% | $83K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2271 | +0.024% | $105K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | 0.000% | $32K | $453K | 50x | as long as short |
| Orderly PERP_BERA_USDClong | +0.0100% | 4h | 0.2270 | long leg | $9K | $1K | 10x | |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2269 | −0.048% | $372 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0127% | 4h | 0.2271 | +0.044% | $289K | $87K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0168% | 1h | 0.2272 | +0.088% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0191% | 1h | 0.2270 | 0.000% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2269 | −0.032% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0847% | 1h | 0.2274 | +0.167% | $2.9M | $961K | 5x | as long as short |
| Backpack BERA_USDC_PERP | +0.0904% | 1h | 0.2272 | +0.070% | $37K | $149K | 5x | as long as short |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
Backpack BERA_USDC_PERP