Spread before costs (cost unknown: a leg has no order-book sample)+0.022%
7d average—if it closes, per $10,000$2funding while held, a day+$2.73
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BERA | 0.2268 | 0.0100 | pay 0.0013% / 1h | 58m 27s | $2.9M | $1.5M | 5x |
| Short | Deribit BERA_USDC-PERPETUAL | 0.2269 | 0.0191 | get 0.0024% / 1h | 58m 27s | $4K | $64K | 25x |
Hyperliquid BERA
Deribit BERA_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $2.2
- Funding while held
- $2.73
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$11.07
- Spread needed to break even
- 0.160%
Slippage unknown: Hyperliquid: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0091%
- Per $10,000 a day
- +$2.73
- Average in range /8h
- —
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 Hyperliquid live order book, 4 min ago | 1.10 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures0.2250cheapestCoinbase International0.2259+0.408%OKX0.2263+0.586%01 Exchange0.2263+0.586%Variational Omni0.2263+0.596%Lighter0.2263+0.599%Bybit0.2265+0.675%Gate0.2265+0.675%KuCoin0.2265+0.675%MEXC0.2266+0.719%Bitget0.2266+0.719%BingX0.2266+0.719%Binance0.2266+0.728%SoDEX0.2268+0.804%Orderly0.2268+0.808%BloFin0.2268+0.808%GMX0.2268+0.823%
Kraken Futures
Coinbase International
OKX
Variational Omni
Lighter
Bybit
Gate
KuCoin
MEXC
Bitget
BingX
Binance
SoDEX
Orderly
BloFin
GMXHyperliquid0.2268+0.830%
Deribit0.2269+0.853%
ApeX Omni0.2270+0.897%Injective0.2270+0.897%Aster0.2270+0.899%Backpack0.2270+0.902%
ApeX Omni
Injective
Aster
BackpackBERA on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BERAUSD | −0.824% | +4.0323% | 1h | $51K | $22K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.419% | −0.0376% | 1h | $10K | $83K | 50x | as long as short |
| OKX BERA-USDT-SWAP | −0.242% | +0.0100% | 4h | $1.5M | $3.5M | 20x | as long as short |
| 01 Exchange BERAUSD | −0.242% | −0.0192% | 1h | $4K | $5K | 5x | as long as short |
| Variational Omni BERA | −0.233% | +0.0100% | 4h | $84K | $45K | — | as long as short |
| Lighter BERA | −0.229% | +0.0096% | 1h | $66K | $87K | 5x | as long as short |
| Bybit BERAUSDT | −0.154% | +0.0100% | 4h | $3.0M | $4.5M | 25x | as long as short |
| Gate BERA_USDT | −0.154% | +0.0100% | 4h | $338K | $413K | 50x | as long as short |
| KuCoin BERAUSDTM | −0.154% | +0.0100% | 4h | $568K | $228K | 50x | as long as short |
| MEXC BERA_USDT | −0.110% | +0.0100% | 4h | $1.2M | $442K | 20x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget BERAUSDT | −0.110% | +0.0100% | 4h | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | −0.110% | +0.0100% | 4h | — | $6.6M | — | as long as short |
| Binance BERAUSDT | −0.102% | +0.0100% | 4h | $5.5M | $14.3M | 50x | as long as short |
| SoDEX BERA-USD | −0.026% | +0.0100% | 1h | $372 | $6K | 5x | as long as short |
| Orderly PERP_BERA_USDC | −0.022% | +0.0084% | 4h | $9K | $1K | 10x | as long as short |
| BloFin BERA-USDT | −0.022% | +0.0074% | 4h | $306K | $90K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | −0.007% | L +0.0206% / S −0.0592% | 1h | $2K | — | 100x | as long as short |
| Hyperliquid BERAlong | 0.000% | +0.0100% | 1h | $2.9M | $1.5M | 5x | |
| Deribit BERA_USDC-PERPETUALshort | +0.022% | +0.0191% | 1h | $4K | $64K | 25x | |
| ApeX Omni BERAUSDT | +0.066% | +0.0100% | 1h | $39K | $467K | 50x | as long as short |
| Injective BERA/USDC PERP | +0.066% | −0.4400% | 1h | $2K | $47K | 12x | as long as short |
| Aster BERAUSDT | +0.068% | +0.0100% | 4h | $14K | $27K | 5x | as long as short |
| Backpack BERA_USDC_PERP | +0.071% | +0.0481% | 1h | $39K | $157K | 5x | as long as short |