Funding you earn now, next payment 22:00 UTC−0.0825%/8h= −90.3% APRpaid last 24h −0.016%
Price spread now: Gate against Hyperliquid−0.303%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1611.612% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.303%, 7d avg −0.042%
=Together, before fees+0.335%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Gate is 0.261% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.187%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.187% in total (about 9.8% 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 | Hyperliquid BERA | 0.2275 | 0.0925 | pay 0.0116% / 1h | 48m 14s | $2.9M | $987K | 5x |
| Short | Gate BERA_USDT | 0.2268 | 0.0100 | get 0.0050% / 4h | 2h 48m | $339K | $388K | 50x |
Hyperliquid BERA
Gate BERA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Hyperliquid. 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
- −$173.24
- Price spread: −0.303% → −0.042%
- −$26.11
- Slippage, 4 orders
- −$137.23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$360.58
- Costs to cover
- 1.612%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Gate: live order book, 36 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 Hyperliquid live order book, 3 min ago | 1.32 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 36 min ago | 6.59 bp | 93.2 bp −$93 | 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 | 0.2135 | −6.150% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0564% | 1h | 0.2272 | −0.141% | $51K | $27K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2266 | −0.391% | $10K | $46K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0104% | 1h | 0.2270 | −0.215% | $4K | $2K | 5x | as long as short |
| Variational Omni BERA | +0.0059% | 4h | 0.2266 | −0.413% | $84K | $53K | — | as long as short |
| BloFin BERA-USDT | +0.0072% | 4h | 0.2273 | −0.084% | $294K | $88K | 75x | as long as short |
| Bybit BERAUSDT | +0.0090% | 4h | 0.2267 | −0.347% | $3.1M | $4.2M | 25x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2272 | −0.127% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2273 | −0.067% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2273 | −0.084% | $5.5M | $13.7M | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Variational Omni BERA
BloFin BERA-USDT
Bybit BERAUSDT
Lighter BERA
Aster BERAUSDT
Binance 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 | 0.2268 | −0.303% | $1.5M | $3.3M | 20x | as long as short |
| Gate BERA_USDTshort | +0.0100% | 4h | 0.2268 | −0.303% | $339K | $388K | 50x | |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2272 | −0.127% | $1.2M | $434K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2271 | −0.171% | $550K | $221K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2273 | −0.084% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2270 | −0.215% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2274 | −0.040% | $107K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | −0.215% | $32K | $456K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2271 | −0.171% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2271 | −0.171% | $374 | $6K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0190% | 1h | 0.2274 | −0.040% | $4K | $63K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2272 | −0.133% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERP | +0.0430% | 1h | 0.2272 | −0.119% | $37K | $157K | 5x | as long as short |
| Hyperliquid BERAlong | +0.0925% | 1h | 0.2275 | long leg | $2.9M | $987K | 5x |
OKX BERA-USDT-SWAP
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Backpack BERA_USDC_PERP