Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%
Price spread now: Deribit against Orderly−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$3 a day on $10k at the current rate, and Deribit is 0.044% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BERA_USDC | 0.2277 | 0.0100 | pay 0.0050% / 4h | 26m 22s | $9K | $1K | 10x |
| Short | Deribit BERA_USDC-PERPETUAL | 0.2276 | 0 | get 0.0000% / 1h | 26m 22s | $4K | $62K | 25x |
Orderly PERP_BERA_USDC
Deribit BERA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- −$21
- Price spread: −0.044% → 0.000%
- −$4.39
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$38.39
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Orderly and Deribit: 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 PERP | −0.5000% | 1h | 0.2145 | −5.797% | $2K | $5K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0420% | 1h | 0.2276 | −0.034% | $51K | $24K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0296% | 1h | 0.2278 | +0.044% | $10K | $45K | 50x | as long as short |
| Deribit BERA_USDC-PERPETUALshort | 0.0000% | 1h | 0.2276 | −0.044% | $4K | $62K | 25x | |
| Variational Omni BERA | +0.0095% | 4h | 0.2274 | −0.121% | $84K | $49K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2277 | 0.000% | $62K | $90K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2280 | +0.137% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2278 | +0.064% | $5.5M | $13.5M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2276 | −0.044% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2273 | −0.176% | $1.5M | $3.2M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Variational Omni BERA
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2280 | +0.132% | $337K | $390K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2279 | +0.088% | $1.3M | $434K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2280 | +0.132% | $545K | $227K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2279 | +0.088% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2277 | 0.000% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2287 | +0.439% | $118K | $2.8M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.132% | $37K | $460K | 50x | as long as short |
| Orderly PERP_BERA_USDClong | +0.0100% | 4h | 0.2277 | long leg | $9K | $1K | 10x | |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2276 | −0.035% | $367 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0108% | 4h | 0.2282 | +0.220% | $293K | $84K | 75x | as long as short |
| 01 Exchange BERAUSD | +0.0192% | 1h | 0.2277 | 0.000% | $4K | $2K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2277 | −0.019% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0470% | 1h | 0.2281 | +0.189% | $2.9M | $955K | 5x | as long as short |
| Backpack BERA_USDC_PERP | +0.0826% | 1h | 0.2283 | +0.285% | $37K | $147K | 5x | as long as short |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
01 Exchange BERAUSD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
Backpack BERA_USDC_PERP