Spread before costs (cost unknown: a leg has no order-book sample)+0.175%
7d average—if it closes, per $10,000$17funding while held, a day+$10.63
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BERA | 0.2289 | 0.0096 | pay 0.0012% / 1h | 38m 13s | $67K | $87K | 5x |
| Short | Backpack BERA_USDC_PERP | 0.2293 | 0.0450 | get 0.0056% / 1h | 38m 13s | $39K | $157K | 5x |
Lighter BERA
Backpack BERA_USDC_PERPPrice 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
- $17.48
- Funding while held
- $10.63
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $18.11
- Spread needed to break even
- 0.100%
Slippage unknown: Lighter: no order-book sample; Backpack: live order book, 61 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0354%
- Per $10,000 a day
- +$10.63
- 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 61 min ago | 1.54 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Lighter: 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.Injective0.2244cheapestKraken Futures0.2279+1.544%ApeX Omni0.2280+1.604%Coinbase International0.2285+1.827%Variational Omni0.2285+1.832%OKX0.2287+1.916%Bybit0.2288+1.961%BloFin0.2288+1.961%
Injective
Kraken Futures
ApeX Omni
Coinbase International
Variational Omni
OKX
Bybit
BloFinLighter0.2289+1.996%
01 Exchange0.2289+2.005%Bitget0.2289+2.005%GMX0.2289+2.008%Binance0.2289+2.027%Aster0.2290+2.029%Gate0.2290+2.050%MEXC0.2290+2.050%KuCoin0.2290+2.050%BingX0.2290+2.050%SoDEX0.2290+2.054%Orderly0.2291+2.094%Deribit0.2291+2.094%
Bitget
GMX
Binance
Aster
Gate
MEXC
KuCoin
BingX
SoDEX
Orderly
DeribitBackpack0.2293+2.175%
Hyperliquid0.2293+2.193%
HyperliquidBERA on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERP | −1.957% | −0.4400% | 1h | $2K | $47K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.444% | +3.9813% | 1h | $51K | $23K | 20x | as long as short |
| ApeX Omni BERAUSDT | −0.384% | +0.0100% | 1h | $35K | $471K | 50x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.166% | −0.0376% | 1h | $10K | $83K | 50x | as long as short |
| Variational Omni BERA | −0.162% | +0.0100% | 4h | $84K | $45K | — | as long as short |
| OKX BERA-USDT-SWAP | −0.079% | +0.0100% | 4h | $1.5M | $3.5M | 20x | as long as short |
| Bybit BERAUSDT | −0.035% | +0.0100% | 4h | $3.1M | $4.4M | 25x | as long as short |
| BloFin BERA-USDT | −0.035% | +0.0152% | 4h | $302K | $99K | 75x | as long as short |
| Lighter BERAlong | 0.000% | +0.0096% | 1h | $67K | $87K | 5x | |
| 01 Exchange BERAUSD | +0.009% | −0.0064% | 1h | $4K | $5K | 5x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget BERAUSDT | +0.009% | +0.0100% | 4h | $1.5M | $1.1M | 50x | as long as short |
| GMX BERA/USD [ETH-USDC] | +0.011% | L +0.0206% / S −0.0592% | 1h | $2K | — | 100x | as long as short |
| Binance BERAUSDT | +0.030% | +0.0100% | 4h | $5.6M | $14.3M | 50x | as long as short |
| Aster BERAUSDT | +0.032% | +0.0100% | 4h | $13K | $27K | 5x | as long as short |
| Gate BERA_USDT | +0.052% | +0.0100% | 4h | $343K | $416K | 50x | as long as short |
| MEXC BERA_USDT | +0.052% | +0.0100% | 4h | $1.2M | $446K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.052% | +0.0100% | 4h | $574K | $226K | 50x | as long as short |
| BingX BERA-USDT | +0.052% | +0.0100% | 4h | — | $6.6M | — | as long as short |
| SoDEX BERA-USD | +0.057% | +0.0100% | 1h | $375 | $6K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.096% | +0.0089% | 4h | $9K | $1K | 10x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.096% | +0.0187% | 1h | $4K | $64K | 25x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.175% | +0.0450% | 1h | $39K | $157K | 5x | |
| Hyperliquid BERA | +0.192% | +0.0100% | 1h | $3.0M | $1.5M | 5x | as long as short |