Funding you earn now, next payment 02:00 UTC−0.5336%/8h= −584.3% APRnext payment −$6.67 per $10,000 · paid last 24h −1.165%
Price spread now: Injective against Hyperliquid−6.231%73s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$160 a day on $10k at the current rate, and Injective is 6.231% cheaper against Hyperliquid than usual: you would sell low and buy high (−$623 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BERA | 0.2273 | 0.0336 | pay 0.0042% / 1h | 27m 54s | $2.9M | $924K | 5x |
| Short | Injective BERA/USDC PERP | 0.2131 | −0.5000 | pay 0.0625% / 1h | 27m 54s | $2K | $5K | 12x |
Hyperliquid BERA
Injective BERA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1,120.48
- Price spread: −6.231% → 0.000%
- −$623.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,752.58
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Injective: no order-book sample. 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 Hyperliquid live order book, 3 min ago | 0.88 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 23 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 PERPshort | −0.5000% | 1h | 0.2131 | −6.231% | $2K | $5K | 12x | |
| Kraken Futures PF_BERAUSD | −0.1059% | 1h | 0.2265 | −0.355% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0280% | 1h | 0.2234 | −1.698% | $15K | $51K | 50x | as long as short |
| Variational Omni BERA | −0.0020% | 4h | 0.2255 | −0.790% | $83K | $49K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2268 | −0.185% | $61K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2265 | −0.327% | $15K | $26K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2269 | −0.158% | $5.4M | $13.9M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2266 | −0.290% | $3.0M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2267 | −0.246% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2267 | −0.246% | $335K | $379K | 50x | as long as short |
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BERA_USDT | +0.0100% | 4h | 0.2269 | −0.158% | $1.2M | $443K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2265 | −0.334% | $539K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2267 | −0.246% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2267 | −0.246% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2260 | −0.554% | $32K | $465K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2269 | −0.158% | $9K | $883 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2268 | −0.202% | $365 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2266 | −0.271% | $2K | — | 100x | as long as short |
| GRVT BERA_USDT_Perp | +0.0332% | 4h | 0.2259 | −0.598% | $115K | $3.1M | 10x | as long as short |
| Hyperliquid BERAlong | +0.0336% | 1h | 0.2273 | long leg | $2.9M | $924K | 5x | |
| 01 Exchange BERAUSD | +0.0432% | 1h | 0.2267 | −0.246% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0632% | 1h | 0.2269 | −0.158% | $4K | $56K | 25x | as long as short |
| Backpack BERA_USDC_PERP | +0.1076% | 1h | 0.2272 | −0.044% | $41K | $167K | 5x | as long as short |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
GRVT BERA_USDT_Perp
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
Backpack BERA_USDC_PERP