Funding you earn now, next payment 22:00 UTC+0.0409%/8h= +44.7% APRpaid last 24h +0.008%
Price spread now: Backpack against Bitget+0.185%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$700.699% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.185%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.141% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% 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 | Bitget BERAUSDT | 0.2269 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $1.5M | $1.1M | 50x |
| Short | Backpack BERA_USDC_PERP | 0.2273 | 0.0509 | get 0.0064% / 1h | 37m 10s | $39K | $149K | 5x |
Bitget BERAUSDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $85.79
- Price spread: +0.185% → +0.044%
- $14.09
- Slippage, 4 orders
- −$47.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $29.96
- Costs to cover
- 0.699%
- Break-even
- 4.6 days
Slippage from Bitget: live order book, 4 min ago; Backpack: live order book, 51 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 Bitget live order book, 4 min ago | 4.41 bp | 26.9 bp −$27 | 103.3 bp −$1,033 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 51 min ago | 0.66 bp | 9.6 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 | 0.2132 | −6.038% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0565% | 1h | 0.2271 | +0.089% | $51K | $27K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2259 | −0.441% | $10K | $45K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0064% | 1h | 0.2271 | +0.088% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2272 | +0.132% | $4K | $62K | 25x | as long as short |
| Variational Omni BERA | +0.0058% | 4h | 0.2264 | −0.220% | $83K | $49K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2271 | +0.079% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2292 | +1.014% | $14K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2271 | +0.085% | $5.5M | $13.7M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2268 | −0.044% | $3.1M | $4.2M | 25x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
Variational Omni BERA
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2269 | 0.000% | $1.5M | $3.3M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2265 | −0.176% | $338K | $388K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2270 | +0.044% | $1.2M | $434K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2268 | −0.044% | $550K | $220K | 50x | as long as short |
| Bitget BERAUSDTlong | +0.0100% | 4h | 0.2269 | long leg | $1.5M | $1.1M | 50x | |
| BingX BERA-USDT | +0.0100% | 4h | 0.2268 | −0.044% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2272 | +0.133% | $105K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.044% | $32K | $455K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2270 | +0.044% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2271 | +0.084% | $372 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0119% | 4h | 0.2272 | +0.132% | $294K | $88K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2272 | +0.115% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0509% | 1h | 0.2273 | +0.185% | $39K | $149K | 5x | |
| Hyperliquid BERA | +0.0904% | 1h | 0.2277 | +0.335% | $2.9M | $984K | 5x | as long as short |
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA