Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.052%
Price spread now: BloFin against Backpack+0.074%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.074%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.072% dearer against Backpack than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2284 | 0.0100 | pay 0.0013% / 1h | 34m 41s | $24K | $205K | 5x |
| Short | BloFin BERA-USDT | 0.2286 | 0.0150 | get 0.0075% / 4h | 1h 34m | $279K | $75K | 75x |
Backpack BERA_USDC_PERP
BloFin BERA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $10.57
- Price spread: +0.074% → +0.002%
- $7.23
- Slippage, 4 orders
- −$29.72
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.91
- Costs to cover
- 0.517%
- Break-even
- 29.5 days
Slippage from Backpack: live order book, 8 min ago; BloFin: live order book, 50 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, 8 min ago | 0.22 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 4.42 bp | 14.4 bp −$14 | 38.9 bp −$389 | 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 | 0.2148 | −5.967% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1563% | 1h | 0.2284 | −0.034% | $51K | $21K | 20x | as long as short |
| Orderly PERP_BERA_USDC | +0.0093% | 4h | 0.2284 | −0.013% | $9K | $787 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2284 | −0.009% | $65K | $73K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2287 | +0.101% | $2.9M | $598K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2285 | +0.032% | $15K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2284 | −0.033% | $5.4M | $9.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2280 | −0.188% | $3.1M | $2.2M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2281 | −0.144% | $1.4M | $2.0M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2283 | −0.057% | $348K | $262K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Orderly PERP_BERA_USDC
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 | 0.2284 | −0.013% | $1.2M | $327K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2285 | +0.031% | $547K | $132K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2285 | +0.031% | $1.5M | $762K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2284 | −0.013% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0100% | 1h | 0.2284 | long leg | $24K | $205K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2281 | −0.140% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2290 | +0.230% | $108K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.250% | $52K | $471K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2284 | −0.009% | $365 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0128% | 1h | 0.2283 | −0.057% | $3K | $864 | 5x | as long as short |
| BloFin BERA-USDTshort | +0.0150% | 4h | 0.2286 | +0.074% | $279K | $75K | 75x | |
| Deribit BERA_USDC-PERPETUAL | +0.0188% | 1h | 0.2284 | −0.013% | $9K | $46K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2284 | −0.015% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0600% | 1h | 0.2313 | +1.256% | $20K | $55K | 50x | as long as short |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Coinbase International BERA-PERP-INTX