Funding you earn now, next payment 02:00 UTC−0.5100%/8h= −558.5% APRpaid last 24h −1.107%
Price spread now: Injective against Orderly−5.908%58s7-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 5.908% cheaper against Orderly than usual: you would sell low and buy high (−$591 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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 | Orderly PERP_BERA_USDC | 0.2268 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $9K | $883 | 10x |
| Short | Injective BERA/USDC PERP | 0.2134 | −0.5000 | pay 0.0625% / 1h | 22m 09s | $2K | $5K | 12x |
Orderly PERP_BERA_USDC
Injective BERA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1,071
- Price spread: −5.908% → 0.000%
- −$590.83
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,667.85
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and 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 | 0.2134 | −5.908% | $2K | $5K | 12x | |
| Kraken Futures PF_BERAUSD | −0.1058% | 1h | 0.2265 | −0.111% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0280% | 1h | 0.2234 | −1.499% | $15K | $51K | 50x | as long as short |
| Variational Omni BERA | +0.0028% | 4h | 0.2269 | +0.050% | $83K | $49K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2269 | +0.044% | $62K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2269 | +0.044% | $15K | $26K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2268 | −0.011% | $5.4M | $13.9M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2265 | −0.132% | $3.0M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2264 | −0.176% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2269 | +0.044% | $340K | $386K | 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 | +0.044% | $1.2M | $446K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2269 | +0.044% | $540K | $230K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2268 | 0.000% | $1.4M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2269 | +0.044% | — | $6.6M | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | +0.088% | $32K | $460K | 50x | as long as short |
| Orderly PERP_BERA_USDClong | +0.0100% | 4h | 0.2268 | long leg | $9K | $883 | 10x | |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2268 | −0.022% | $365 | $6K | 5x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2267 | −0.036% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0343% | 1h | 0.2272 | +0.172% | $2.9M | $923K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0456% | 1h | 0.2271 | +0.132% | $3K | $3K | 5x | as long as short |
| GRVT BERA_USDT_Perp | +0.0500% | 4h | 0.2273 | +0.219% | $111K | $3.2M | 10x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0632% | 1h | 0.2269 | +0.044% | $4K | $56K | 25x | as long as short |
| Backpack BERA_USDC_PERP | +0.1138% | 1h | 0.2271 | +0.146% | $41K | $167K | 5x | as long as short |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
ApeX Omni BERAUSDT
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Deribit BERA_USDC-PERPETUAL
Backpack BERA_USDC_PERP