Funding you earn now, next payment 03:00 UTC−0.0838%/8h= −91.7% APRpaid last 24h −0.058%
Price spread now: Bitget against Backpack+0.022%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.022%, 7d avg −0.051%
=The price spread pays, funding is against you. Bitget is 0.072% dearer against Backpack than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.051%): +$7 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.025% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% 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 | 0.2296 | 0.0938 | pay 0.0117% / 1h | 15m 13s | $35K | $158K | 5x |
| Short | Bitget BERAUSDT | 0.2297 | 0.0100 | get 0.0050% / 4h | 1h 15m | $1.5M | $1.1M | 50x |
Backpack BERA_USDC_PERP
Bitget BERAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$175.96
- Price spread: +0.022% → −0.051%
- $7.23
- Slippage, 4 orders
- −$49.22
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$239.95
- Costs to cover
- 0.712%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 48 min ago; Bitget: live order book, 1 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, 48 min ago | 0.66 bp | 11.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 8.70 bp | 22.5 bp −$23 | 104.7 bp −$1,047 | 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 | 0.2159 | −5.987% | $2K | $5K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0376% | 1h | 0.2294 | −0.109% | $16K | $54K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0182% | 1h | 0.2296 | −0.030% | $51K | $25K | 20x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2296 | −0.035% | $62K | $88K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0097% | 4h | 0.2296 | −0.022% | $9K | $883 | 10x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2298 | +0.059% | $16K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2296 | −0.029% | $5.4M | $14.1M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2293 | −0.152% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2292 | −0.196% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2297 | +0.022% | $347K | $393K | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
Lighter BERA
Orderly PERP_BERA_USDC
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 | 0.2296 | −0.022% | $1.2M | $437K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2297 | +0.022% | $553K | $231K | 50x | as long as short |
| Bitget BERAUSDTshort | +0.0100% | 4h | 0.2297 | +0.022% | $1.5M | $1.1M | 50x | |
| BingX BERA-USDT | +0.0100% | 4h | 0.2294 | −0.109% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2298 | +0.046% | $84K | $49K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2300 | +0.152% | $34K | $462K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2295 | −0.070% | $379 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0115% | 4h | 0.2299 | +0.109% | $214K | $73K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2295 | −0.084% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0316% | 1h | 0.2298 | +0.074% | $2.9M | $916K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0416% | 1h | 0.2295 | −0.065% | $3K | $3K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0424% | 4h | 0.2304 | +0.320% | $116K | $3.2M | 10x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0622% | 1h | 0.2296 | −0.022% | $2K | $55K | 25x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0938% | 1h | 0.2296 | long leg | $35K | $158K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Deribit BERA_USDC-PERPETUAL