BERA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h +0.047%

Price spread now: Backpack against GMX+0.048%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.048% dearer against GMX than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BERA/USD [ETH-USDC]	0.2301	L +0.0206% / S −0.0592%	pay 0.0026% / 1h	14m 05s	$2K	—	100x
Short	Backpack BERA_USDC_PERP	0.2302	0.0100	get 0.0013% / 1h	14m 05s	$25K	$208K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BackpackbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$22.29
Price spread: +0.048% → 0.000%: $4.82
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$39.46
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 19 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 19 min ago	0.44 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit

GMX: 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	0.2154	−6.384%	$2K	$4K	12x	as long as short
Kraken Futures PF_BERAUSD	−0.1275%	1h	0.2299	−0.067%	$51K	$21K	20x	as long as short
01 Exchange BERAUSD	−0.0152%	1h	0.2268	−1.429%	$3K	$850	5x	as long as short
Orderly PERP_BERA_USDC	+0.0075%	4h	0.2302	+0.048%	$9K	$815	10x	as long as short
Lighter BERA	+0.0096%	1h	0.2302	+0.061%	$65K	$72K	5x	as long as short
Hyperliquid BERA	+0.0100%	1h	0.2305	+0.179%	$2.9M	$575K	5x	as long as short
Aster BERAUSDT	+0.0100%	4h	0.2302	+0.033%	$14K	$21K	5x	as long as short
Binance BERAUSDT	+0.0100%	4h	0.2302	+0.048%	$5.5M	$8.7M	50x	as long as short
Bybit BERAUSDT	+0.0100%	4h	0.2299	−0.082%	$3.1M	$1.9M	25x	as long as short
OKX BERA-USDT-SWAP	+0.0100%	4h	0.2300	−0.039%	$1.4M	$1.9M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BERA_USDT	+0.0100%	4h	0.2301	+0.005%	$340K	$265K	50x	as long as short
MEXC BERA_USDT	+0.0100%	4h	0.2302	+0.048%	$1.2M	$323K	20x	as long as short
KuCoin BERAUSDTM	+0.0100%	4h	0.2301	+0.005%	$554K	$126K	50x	as long as short
Bitget BERAUSDT	+0.0100%	4h	0.2301	+0.005%	$1.4M	$754K	50x	as long as short
BingX BERA-USDT	+0.0100%	4h	0.2302	+0.048%	—	$6.6M	—	as long as short
Backpack BERA_USDC_PERPshort	+0.0100%	1h	0.2302	+0.048%	$25K	$208K	5x
Variational Omni BERA	+0.0100%	4h	0.2297	−0.162%	$82K	$51K	—	as long as short
GRVT BERA_USDT_Perp	+0.0100%	4h	0.2294	−0.299%	$108K	$3.0M	10x	as long as short
ApeX Omni BERAUSDT	+0.0100%	1h	0.2290	−0.473%	$53K	$491K	50x	as long as short
SoDEX BERA-USD	+0.0100%	1h	0.2302	+0.048%	$369	$6K	5x	as long as short
BloFin BERA-USDT	+0.0140%	4h	0.2302	+0.048%	$278K	$73K	75x	as long as short
Deribit BERA_USDC-PERPETUAL	+0.0184%	1h	0.2303	+0.092%	$9K	$42K	25x	as long as short
GMX BERA/USD [ETH-USDC]long	L +0.0206% / S −0.0592%	1h	0.2301	long leg	$2K	—	100x
Coinbase International BERA-PERP-INTX	+0.0952%	1h	0.2308	+0.309%	$19K	$49K	50x	as long as short