BERA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0658%/8h= −72.0% APRnext payment −$0.82 per $10,000 · paid last 24h +0.073%

Price spread now: GMX against Backpack−0.074%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.074% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BERA_USDC_PERP	0.2298	0.1250	pay 0.0156% / 1h	50m 30s	$37K	$149K	5x
Short	GMX BERA/USD [ETH-USDC]	0.2296	L +0.0206% / S −0.0592%	get 0.0074% / 1h	50m 30s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee GMXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$138.1
Price spread: −0.074% → 0.000%: −$7.4
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$167.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 28 min ago; GMX: no order-book sample. Net counts fees only.

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, 28 min ago	0.22 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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	0.2157	−6.128%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.0416%	1h	0.2298	+0.003%	$52K	$24K	20x	as long as short
Coinbase International BERA-PERP-INTX	−0.0296%	1h	0.2259	−1.689%	$9K	$45K	50x	as long as short
Lighter BERA	+0.0096%	1h	0.2298	−0.013%	$62K	$90K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2298	+0.027%	$14K	$27K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2298	+0.026%	$5.6M	$13.5M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2294	−0.165%	$3.1M	$4.1M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2293	−0.209%	$1.5M	$3.2M	20x	as long as short
Gate BERA_USDT	+0.0100%	4h	0.2295	−0.122%	$339K	$388K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2299	+0.052%	$1.2M	$425K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BERAUSDTM	+0.0100%	4h	0.2295	−0.122%	$554K	$225K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2296	−0.078%	$1.5M	$1.1M	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2297	−0.035%	—	$6.6M	—	as long as short
Variational Omni BERA	+0.0100%	4h	0.2288	−0.440%	$84K	$49K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2298	+0.009%	$115K	$2.8M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2300	+0.096%	$37K	$462K	50x	as long as short
Orderly PERP_BERA_USDC	+0.0100%	4h	0.2296	−0.078%	$9K	$1K	10x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2296	−0.078%	$374	$6K	5x	as long as short
BloFin BERA-USDT	+0.0123%	4h	0.2300	+0.096%	$290K	$91K	75x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0186%	1h	0.2297	−0.035%	$4K	$62K	25x	as long as short
GMX BERA/USD [ETH-USDC]short	L +0.0206% / S −0.0592%	1h	0.2296	−0.074%	$2K	—	100x
01 Exchange BERAUSD	+0.0248%	1h	0.2297	−0.035%	$4K	$2K	5x	as long as short
Hyperliquid BERA	+0.0325%	1h	0.2300	+0.091%	$2.9M	$956K	5x	as long as short
Backpack BERA_USDC_PERPlong	+0.1250%	1h	0.2298	long leg	$37K	$149K	5x