Funding you earn now, next payment 23:00 UTC−0.0878%/8h= −96.1% APRpaid last 24h −0.017%
Price spread now: BingX against Backpack−0.057%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$590.595% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.057%, 7d avg −0.062%
=The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% 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 | 0.2278 | 0.0978 | pay 0.0122% / 1h | 38m 38s | $37K | $150K | 5x |
| Short | BingX BERA-USDT | 0.2277 | 0.0100 | get 0.0050% / 4h | 1h 38m | — | $6.6M | — |
Backpack BERA_USDC_PERP
BingX BERA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$184.4
- Price spread: −0.057% → −0.062%
- $0.47
- Slippage, 4 orders
- −$39.46
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$243.38
- Costs to cover
- 0.595%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 44 min ago; BingX: live order book, 14 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, 44 min ago | 0.22 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 6.62 bp | 20.7 bp −$21 | 54.0 bp −$540 | 521.2 bp −$52.1K | 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 | 0.2143 | −5.939% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2259 | −0.847% | $10K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | 0.0000% | 1h | 0.2277 | −0.072% | $51K | $26K | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2277 | −0.048% | $63K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2277 | −0.040% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2278 | −0.013% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2275 | −0.145% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2274 | −0.189% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2278 | −0.013% | $336K | $391K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2277 | −0.057% | $1.2M | $432K | 20x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
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 | 0.2274 | −0.189% | $548K | $218K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2278 | −0.013% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDTshort | +0.0100% | 4h | 0.2277 | −0.057% | — | $6.6M | — | |
| Variational Omni BERA | +0.0100% | 4h | 0.2276 | −0.112% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2281 | +0.119% | $117K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.075% | $32K | $454K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2277 | −0.057% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2276 | −0.101% | $373 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0143% | 4h | 0.2282 | +0.162% | $290K | $88K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2278 | −0.013% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0189% | 1h | 0.2277 | −0.057% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2277 | −0.065% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0701% | 1h | 0.2282 | +0.149% | $2.9M | $932K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0978% | 1h | 0.2278 | long leg | $37K | $150K | 5x |
KuCoin BERAUSDTM
Bitget BERAUSDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA