Funding you earn now, next payment 23:00 UTC+0.0778%/8h= +85.2% APRpaid last 24h −0.017%
Price spread now: Backpack against BloFin+0.013%66s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.013%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Backpack is 0.028% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% 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 | BloFin BERA-USDT | 0.2265 | 0.0076 | pay 0.0038% / 4h | 1h 32m | $287K | $87K | 75x |
| Short | Backpack BERA_USDC_PERP | 0.2265 | 0.0854 | get 0.0107% / 1h | 32m 00s | $36K | $150K | 5x |
BloFin BERA-USDT
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- $163.32
- Price spread: +0.013% → −0.015%
- $2.84
- Slippage, 4 orders
- −$30.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $113.5
- Costs to cover
- 0.527%
- Break-even
- 2.1 days
Slippage from BloFin: live order book, 45 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 BloFin live order book, 45 min ago | 4.40 bp | 17.8 bp −$18 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 51 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 | 0.2132 | −5.872% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2264 | −0.044% | $10K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | 0.0000% | 1h | 0.2262 | −0.147% | $51K | $25K | 20x | as long as short |
| BloFin BERA-USDTlong | +0.0076% | 4h | 0.2265 | long leg | $287K | $87K | 75x | |
| Lighter BERA | +0.0096% | 1h | 0.2263 | −0.088% | $62K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2265 | +0.004% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2264 | −0.034% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2260 | −0.221% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2260 | −0.221% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2263 | −0.088% | $334K | $392K | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
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 | 0.2263 | −0.088% | $1.2M | $432K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2261 | −0.177% | $545K | $219K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2263 | −0.088% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2262 | −0.132% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2268 | +0.143% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2275 | +0.420% | $105K | $2.7M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.221% | $32K | $454K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2263 | −0.088% | $8K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2263 | −0.088% | $371 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0184% | 1h | 0.2263 | −0.088% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0192% | 1h | 0.2264 | −0.044% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0205% / S −0.0592% | 1h | 0.2263 | −0.072% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0656% | 1h | 0.2267 | +0.084% | $2.9M | $954K | 5x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0854% | 1h | 0.2265 | +0.013% | $36K | $150K | 5x |
MEXC BERA_USDT
KuCoin BERAUSDTM
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