Funding you earn now, next payment 01:00 UTC−0.0555%/8h= −60.8% APRpaid last 24h −0.035%
Price spread now: Binance against Backpack−0.033%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$630.634% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.033%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Binance is 0.024% cheaper against Backpack than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% 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 | Backpack BERA_USDC_PERP | 0.2293 | 0.0655 | pay 0.0082% / 1h | 13m 46s | $37K | $150K | 5x |
| Short | Binance BERAUSDT | 0.2293 | 0.0100 | get 0.0050% / 4h | 3h 13m | $5.6M | $13.5M | 50x |
Backpack BERA_USDC_PERP
Binance BERAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. 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
- −$116.61
- Price spread: −0.033% → −0.009%
- −$2.36
- Slippage, 4 orders
- −$43.41
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$182.39
- Costs to cover
- 0.634%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 59 min ago; Binance: live order book, 12 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 Backpack live order book, 59 min ago | 0.88 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.18 bp | 18.2 bp −$18 | 57.4 bp −$574 | 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 | 0.2145 | −6.475% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0526% | 1h | 0.2289 | −0.181% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2276 | −0.763% | $9K | $45K | 50x | as long as short |
| Variational Omni BERA | −0.0158% | 4h | 0.2281 | −0.539% | $84K | $49K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2291 | −0.096% | $62K | $90K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2288 | −0.233% | $13K | $24K | 5x | as long as short |
| Binance BERAUSDTshort | +0.0100% | 4h | 0.2293 | −0.033% | $5.6M | $13.5M | 50x | |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2290 | −0.153% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2290 | −0.153% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2288 | −0.240% | $339K | $376K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
Lighter BERA
Aster 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 | 0.2292 | −0.065% | $1.3M | $447K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2288 | −0.240% | $544K | $227K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2290 | −0.153% | $1.4M | $1.0M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2289 | −0.196% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | −0.589% | $32K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2292 | −0.065% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2291 | −0.109% | $373 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0119% | 4h | 0.2290 | −0.153% | $292K | $90K | 75x | as long as short |
| GRVT BERA_USDT_Perp | +0.0140% | 4h | 0.2285 | −0.371% | $107K | $2.9M | 10x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0186% | 1h | 0.2293 | −0.022% | $4K | $56K | 25x | as long as short |
| 01 Exchange BERAUSD | +0.0192% | 1h | 0.2289 | −0.196% | $4K | $2K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2291 | −0.097% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0218% | 1h | 0.2296 | +0.109% | $2.9M | $909K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0655% | 1h | 0.2293 | long leg | $37K | $150K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
GRVT BERA_USDT_Perp
Deribit BERA_USDC-PERPETUAL
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA