Funding you earn now, next payment 07:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.429%
Price spread now: Injective against KuCoin−6.190%85s7-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—needs both histories
Both sides work against this trade now: funding costs −$153 a day on $10k at the current rate, and Injective is 6.190% cheaper against KuCoin than usual: you would sell low and buy high (−$619 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 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 | KuCoin BERAUSDTM | 0.2294 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $555K | $130K | 50x |
| Short | Injective BERA/USDC PERP | 0.2152 | −0.5000 | pay 0.0625% / 1h | 49m 44s | $2K | $4K | 12x |
KuCoin BERAUSDTM
Injective BERA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1,071
- Price spread: −6.190% → 0.000%
- −$619.01
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,702.03
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 69 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 KuCoin live order book, 69 min ago | 13.19 bp | 78.2 bp −$78 | 180.0 bp −$1,800 | 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 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 PERPshort | −0.5000% | 1h | 0.2152 | −6.190% | $2K | $4K | 12x | |
| Kraken Futures PF_BERAUSD | −0.1556% | 1h | 0.2294 | −0.014% | $51K | $21K | 20x | as long as short |
| Orderly PERP_BERA_USDC | +0.0094% | 4h | 0.2293 | −0.044% | $9K | $787 | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2293 | −0.048% | $65K | $73K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2293 | −0.044% | $15K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2293 | −0.044% | $5.4M | $9.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2291 | −0.131% | $3.1M | $2.2M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2291 | −0.131% | $1.4M | $2.0M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2293 | −0.044% | $351K | $261K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2293 | −0.044% | $1.2M | $325K | 20x | as long as short |
Kraken Futures PF_BERAUSD
Orderly PERP_BERA_USDC
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTMlong | +0.0100% | 4h | 0.2294 | long leg | $555K | $130K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2293 | −0.044% | $1.5M | $759K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2290 | −0.174% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2295 | +0.031% | $24K | $205K | 5x | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2282 | −0.518% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2292 | −0.091% | $115K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.174% | $52K | $471K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2293 | −0.039% | $367 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0135% | 4h | 0.2287 | −0.305% | $277K | $75K | 75x | as long as short |
| Hyperliquid BERA | +0.0158% | 1h | 0.2295 | +0.052% | $2.9M | $598K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0160% | 1h | 0.2292 | −0.087% | $3K | $864 | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2291 | −0.138% | $2K | — | 100x | as long as short |
| Coinbase International BERA-PERP-INTX | +0.0600% | 1h | 0.2313 | +0.828% | $20K | $55K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0623% | 1h | 0.2295 | +0.044% | $9K | $46K | 25x | as long as short |
Bitget BERAUSDT
BingX BERA-USDT
Backpack BERA_USDC_PERP
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
Hyperliquid BERA
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]
Coinbase International BERA-PERP-INTX
Deribit BERA_USDC-PERPETUAL