BERA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.480%

7d average+0.003%if it closes, per $10,000$48funding while held, a day−$21.50

Long on Backpack Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BERA_USDC_PERP	0.2270	0.0341	pay 0.0043% / 1h	55m 41s	$39K	$157K	5x
Short	Coinbase International BERA-PERP-INTX	0.2259	−0.0376	pay 0.0047% / 1h	55m 41s	$10K	$83K	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BackpackbpFee Coinbase InternationalbpOrdersClose when spread is

Spread captured: −$48.02
Funding while held: −$21.5
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$89.52
Spread needed to break even: 0.200%

Slippage unknown: Backpack: live order book, 44 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0717%
Per $10,000 a day: −$21.50
Average in range /8h: —

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	1.54 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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 price on every exchange

against the cheapest. Click to use as the short leg.

BERA on 23 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BERA/USDC PERP	−1.141%	−0.4400%	1h	$2K	$47K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.552%	+4.0188%	1h	$51K	$22K	20x	as long as short
Coinbase International BERA-PERP-INTXshort	−0.480%	−0.0376%	1h	$10K	$83K	50x
Variational Omni BERA	−0.295%	+0.0100%	4h	$84K	$45K	—	as long as short
KuCoin BERAUSDTM	−0.216%	+0.0100%	4h	$568K	$227K	50x	as long as short
Gate BERA_USDT	−0.172%	+0.0100%	4h	$338K	$413K	50x	as long as short
BloFin BERA-USDT	−0.172%	+0.0088%	4h	$306K	$89K	75x	as long as short
SoDEX BERA-USD	−0.044%	+0.0100%	1h	$372	$6K	5x	as long as short
Bybit BERAUSDT	−0.040%	+0.0100%	4h	$3.0M	$4.5M	25x	as long as short
01 Exchange BERAUSD	−0.040%	−0.0144%	1h	$4K	$5K	5x	as long as short

Show all 23 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_BERA_USDC	−0.040%	+0.0084%	4h	$9K	$1K	10x	as long as short
Aster BERAUSDT	−0.025%	+0.0100%	4h	$14K	$27K	5x	as long as short
Hyperliquid BERA	−0.018%	+0.0100%	1h	$2.9M	$1.5M	5x	as long as short
Backpack BERA_USDC_PERPlong	0.000%	+0.0341%	1h	$39K	$157K	5x
GMX BERA/USD [ETH-USDC]	0.000%	L +0.0206% / S −0.0592%	1h	$2K	—	100x	as long as short
Binance BERAUSDT	+0.002%	+0.0100%	4h	$5.5M	$14.3M	50x	as long as short
ApeX Omni BERAUSDT	+0.004%	+0.0100%	1h	$39K	$467K	50x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.004%	+0.0191%	1h	$4K	$64K	25x	as long as short
Lighter BERA	+0.031%	+0.0096%	1h	$67K	$87K	5x	as long as short
OKX BERA-USDT-SWAP	+0.093%	+0.0100%	4h	$1.5M	$3.5M	20x	as long as short
BingX BERA-USDT	+0.093%	+0.0100%	4h	—	$6.6M	—	as long as short
MEXC BERA_USDT	+0.137%	+0.0100%	4h	$1.2M	$442K	20x	as long as short
Bitget BERAUSDT	+0.137%	+0.0100%	4h	$1.5M	$1.1M	50x	as long as short