Funding you earn now, next payment 00:00 UTC−0.1175%/8h= −128.6% APRpaid last 24h −0.052%
Price spread now: OKX against Backpack−0.170%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$690.692% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.170%, 7d avg −0.131%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and OKX is 0.039% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.131%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% 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 | 0.2299 | 0.1275 | pay 0.0159% / 1h | 49m 44s | $37K | $149K | 5x |
| Short | OKX BERA-USDT-SWAP | 0.2295 | 0.0100 | get 0.0050% / 4h | 49m 44s | $1.5M | $3.2M | 20x |
Backpack BERA_USDC_PERP
OKX BERA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$246.67
- Price spread: −0.170% → −0.131%
- −$3.85
- Slippage, 4 orders
- −$49.18
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$319.7
- Costs to cover
- 0.692%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 28 min ago; OKX: live order book, 2 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, 28 min ago | 0.22 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.18 bp | 21.4 bp −$21 | 266.4 bp −$2,664 | 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 | 0.2157 | −6.173% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0416% | 1h | 0.2298 | −0.026% | $52K | $24K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0296% | 1h | 0.2259 | −1.736% | $9K | $45K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2295 | −0.178% | $62K | $90K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2298 | −0.048% | $14K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2298 | −0.030% | $5.6M | $13.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2294 | −0.213% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAPshort | +0.0100% | 4h | 0.2295 | −0.170% | $1.5M | $3.2M | 20x | |
| Gate BERA_USDT | +0.0100% | 4h | 0.2295 | −0.170% | $339K | $388K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2298 | −0.039% | $1.2M | $425K | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
Gate BERA_USDT
MEXC BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2296 | −0.126% | $554K | $225K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2297 | −0.083% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2298 | −0.039% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2292 | −0.291% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2298 | −0.039% | $115K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2300 | +0.048% | $37K | $462K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2297 | −0.083% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2297 | −0.087% | $374 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0123% | 4h | 0.2300 | +0.048% | $290K | $91K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0186% | 1h | 0.2297 | −0.083% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2297 | −0.078% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0248% | 1h | 0.2297 | −0.083% | $4K | $2K | 5x | as long as short |
| Hyperliquid BERA | +0.0317% | 1h | 0.2300 | +0.048% | $2.9M | $957K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.1275% | 1h | 0.2299 | long leg | $37K | $149K | 5x |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Hyperliquid BERA