Funding you earn now, next payment 23:00 UTC−0.0680%/8h= −74.5% APRpaid last 24h −0.017%
Price spread now: KuCoin against Backpack−0.066%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1891.888% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.066%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.042% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% 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 | 0.2266 | 0.0780 | pay 0.0098% / 1h | 20m 30s | $36K | $149K | 5x |
| Short | KuCoin BERAUSDTM | 0.2264 | 0.0100 | get 0.0050% / 4h | 1h 20m | $546K | $220K | 50x |
Backpack BERA_USDC_PERP
KuCoin BERAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$142.86
- Price spread: −0.066% → −0.024%
- −$4.23
- Slippage, 4 orders
- −$166.82
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$335.92
- Costs to cover
- 1.888%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 63 min ago; KuCoin: live order book, 52 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, 63 min ago | 0.22 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 52 min ago | 11.04 bp | 91.9 bp −$92 | 177.6 bp −$1,776 | 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 | 0.2132 | −5.893% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2258 | −0.331% | $9K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | 0.0000% | 1h | 0.2262 | −0.133% | $51K | $25K | 20x | as long as short |
| BloFin BERA-USDT | +0.0041% | 4h | 0.2268 | +0.110% | $290K | $88K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2264 | −0.075% | $62K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2266 | +0.024% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2265 | −0.022% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2262 | −0.154% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2261 | −0.199% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2265 | −0.022% | $334K | $393K | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Lighter 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 | 0.2264 | −0.066% | $1.2M | $433K | 20x | as long as short |
| KuCoin BERAUSDTMshort | +0.0100% | 4h | 0.2264 | −0.066% | $546K | $220K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2266 | +0.022% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2264 | −0.066% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2260 | −0.233% | $83K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2261 | −0.184% | $105K | $2.7M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2260 | −0.243% | $32K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2262 | −0.154% | $8K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2265 | −0.004% | $371 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0176% | 1h | 0.2264 | −0.066% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0192% | 1h | 0.2266 | +0.022% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0205% / S −0.0592% | 1h | 0.2263 | −0.090% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0468% | 1h | 0.2267 | +0.075% | $2.9M | $947K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0780% | 1h | 0.2266 | long leg | $36K | $149K | 5x |
MEXC BERA_USDT
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA