Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.077%
Price spread now: Backpack against KuCoin+0.197%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1501.499% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.197%, 7d avg +0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.165% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BERAUSDTM | 0.2230 | 0.0100 | pay 0.0050% / 4h | 49m 39s | $519K | $144K | 50x |
| Short | Backpack BERA_USDC_PERP | 0.2234 | 0.0100 | get 0.0013% / 1h | 49m 39s | $23K | $221K | 5x |
KuCoin BERAUSDTM
Backpack BERA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $0
- Price spread: +0.197% → +0.032%
- $16.49
- Slippage, 4 orders
- −$127.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$133.42
- Costs to cover
- 1.499%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 46 min ago; Backpack: live order book, 57 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 KuCoin live order book, 46 min ago | 11.14 bp | 65.2 bp −$65 | 180.9 bp −$1,809 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 57 min ago | 0.22 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
BERA on 24 exchanges
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 | 0.2101 | −5.785% | $2K | $4K | 12x | as long as short |
| 01 Exchange BERAUSD | −0.0176% | 1h | 0.2232 | +0.090% | $3K | $850 | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | 0.0000% | 1h | 0.2237 | +0.314% | $1K | $36K | 25x | as long as short |
| Orderly PERP_BERA_USDC | +0.0078% | 4h | 0.2235 | +0.224% | $8K | $540 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2230 | +0.004% | $64K | $67K | 5x | as long as short |
| Hyperliquid BERA | +0.0100% | 1h | 0.2231 | +0.058% | $2.4M | $1.0M | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2231 | +0.062% | $14K | $19K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2230 | +0.004% | $5.2M | $8.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2230 | 0.000% | $2.9M | $1.9M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2230 | 0.000% | $1.3M | $1.9M | 20x | as long as short |
Injective BERA/USDC PERP
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
Orderly PERP_BERA_USDC
Lighter BERA
Hyperliquid BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2232 | +0.090% | $320K | $239K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2231 | +0.045% | $1.2M | $288K | 20x | as long as short |
| KuCoin BERAUSDTMlong | +0.0100% | 4h | 0.2230 | long leg | $519K | $144K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2230 | 0.000% | $1.4M | $797K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2232 | +0.090% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0100% | 1h | 0.2234 | +0.197% | $23K | $221K | 5x | |
| Variational Omni BERA | +0.0100% | 4h | 0.2232 | +0.086% | $80K | $51K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2238 | +0.373% | $105K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2240 | +0.448% | $38K | $486K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2237 | +0.318% | $347 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0154% | 4h | 0.2232 | +0.090% | $265K | $77K | 75x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2239 | +0.394% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0880% | 1h | 0.2245 | +0.673% | $16K | $50K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | +0.6890% | 1h | 0.2237 | +0.305% | $50K | $33K | 20x | as long as short |
Gate BERA_USDT
MEXC BERA_USDT
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
GMX BERA/USD [ETH-USDC]
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD