Funding you earn now, next payment 04:00 UTC+0.0641%/8h= +70.2% APRpaid last 24h +0.067%
Price spread now: Backpack against BingX+0.035%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.035%, 7d avg +0.065%
=Funding pays, the price is against you. Backpack is 0.030% cheaper against BingX than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.065%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.034% in total) that is about 6.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% 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 | BingX BERA-USDT | 0.2300 | 0.0100 | pay 0.0050% / 4h | 51m 36s | — | $6.6M | — |
| Short | Backpack BERA_USDC_PERP | 0.2301 | 0.0741 | get 0.0093% / 1h | 51m 36s | $29K | $161K | 5x |
BingX BERA-USDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $134.55
- Price spread: +0.035% → +0.065%
- −$3.04
- Slippage, 4 orders
- −$40.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $70.54
- Costs to cover
- 0.610%
- Break-even
- 3.3 days
Slippage from BingX: live order book, 15 min ago; Backpack: live order book, 6 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 BingX live order book, 15 min ago | 6.54 bp | 18.5 bp −$19 | 47.4 bp −$474 | 568.6 bp −$56.9K | doesn't fit |
| Sell Backpack live order book, 6 min ago | 0.22 bp | 9.9 bp −$10 | doesn't fit | 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 | 0.2170 | −5.652% | $2K | $3K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0489% | 1h | 0.2299 | −0.051% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2281 | −0.826% | $15K | $53K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2298 | −0.087% | $62K | $81K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0099% | 4h | 0.2302 | +0.087% | $9K | $987 | 10x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2299 | −0.036% | $15K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2299 | −0.043% | $5.4M | $14.2M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2297 | −0.130% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2295 | −0.217% | $1.4M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2301 | +0.043% | $346K | $350K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
Orderly PERP_BERA_USDC
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 | 0.2299 | −0.043% | $1.2M | $397K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2299 | −0.043% | $554K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2301 | +0.043% | $1.5M | $1.0M | 50x | as long as short |
| BingX BERA-USDTlong | +0.0100% | 4h | 0.2300 | long leg | — | $6.6M | — | |
| Variational Omni BERA | +0.0100% | 4h | 0.2301 | +0.027% | $84K | $49K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.435% | $32K | $460K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2300 | −0.004% | $376 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0115% | 4h | 0.2307 | +0.304% | $281K | $74K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0185% | 1h | 0.2301 | +0.043% | $2K | $55K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2300 | +0.007% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0232% | 1h | 0.2298 | −0.087% | $3K | $3K | 5x | as long as short |
| Hyperliquid BERA | +0.0239% | 1h | 0.2302 | +0.096% | $2.9M | $922K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0340% | 4h | 0.2291 | −0.398% | $107K | $3.2M | 10x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0741% | 1h | 0.2301 | +0.035% | $29K | $161K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
Variational Omni BERA
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Hyperliquid BERA
GRVT BERA_USDT_Perp