Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.072%
Price spread now: Backpack against Deribit−0.022%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.539%+$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.022% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.539%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BERA_USDC-PERPETUAL | 0.2285 | 0.0188 | pay 0.0023% / 1h | 35m 38s | $9K | $46K | 25x |
| Short | Backpack BERA_USDC_PERP | 0.2284 | 0.0100 | get 0.0013% / 1h | 35m 38s | $24K | $205K | 5x |
Deribit BERA_USDC-PERPETUAL
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- −$18.44
- Price spread: −0.022% → 0.000%
- −$2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$37.63
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 8 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 8 min ago | 0.22 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2150 | −5.908% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1564% | 1h | 0.2282 | −0.116% | $51K | $21K | 20x | as long as short |
| BloFin BERA-USDT | +0.0084% | 4h | 0.2287 | +0.088% | $279K | $75K | 75x | as long as short |
| Orderly PERP_BERA_USDC | +0.0093% | 4h | 0.2284 | −0.044% | $9K | $787 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2284 | −0.022% | $65K | $73K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2288 | +0.136% | $2.9M | $598K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2285 | +0.001% | $15K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2284 | −0.023% | $5.4M | $9.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2281 | −0.175% | $3.1M | $2.2M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2282 | −0.131% | $1.4M | $2.0M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Orderly PERP_BERA_USDC
Lighter BERA
Hyperliquid BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2284 | −0.044% | $348K | $262K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2285 | 0.000% | $1.2M | $326K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2286 | +0.044% | $547K | $132K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2286 | +0.044% | $1.5M | $762K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2284 | −0.044% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0100% | 1h | 0.2284 | −0.022% | $24K | $205K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2281 | −0.171% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2291 | +0.263% | $108K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.219% | $52K | $471K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2284 | −0.048% | $365 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0128% | 1h | 0.2284 | −0.044% | $3K | $864 | 5x | as long as short |
| Deribit BERA_USDC-PERPETUALlong | +0.0188% | 1h | 0.2285 | long leg | $9K | $46K | 25x | |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2284 | −0.034% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0600% | 1h | 0.2313 | +1.225% | $20K | $55K | 50x | as long as short |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]
Coinbase International BERA-PERP-INTX