BERA Funding Rate — live across 11 venues

Compared across 11 supported venues · net of estimated fees · updated every few minutes

Live annualized BERA perpetual funding across all 11 venues Perpia tracks. Right now BERA funding is positive on 11 and negative on 0, ranging from +10.9% on MEXC to +1.8% on Hyperliquid — a spread of 9.1%. The widest delta-neutral trade is long Hyperliquid / short MEXC at 4.4% net APR.

venues

paying positive

9.1%

funding spread

Best BERA spread now

4.4%

net APR after fees

Long Hyperliquid→Short MEXC

size depends on live venue depth — see the real cap in the scanner

BERA funding trend & liquidity

168h of history

9.1%

current gross APR

47.7%

24h average

8.6%

7-day average

$763K

pair OI · lower leg

$212K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

BERA funding rate history

30d · 6h buckets · 12 venues

133%0-136.2%

6 Aug5 Sep

BERA — average across 12 venuesAsterBackPackHyperliquidBinance

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +4.0%. A break in a line means no data was recorded for that stretch, not a zero rate.

BERA funding rate by venue

10 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+10.9%	4h
BackPack ↗	+10.9%	1h
Binance ↗	+10.9%	4h
OKX ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Lighter ↗	+10.5%	8h
Hyperliquid ↗	+1.8%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Hyperliquid vs MEXC page.

BERA arbitrage — 30-day backtest

long Hyperliquid · short MEXC

5.1%

backtested APR

+$42

historical net P&L on $10,000

0.03%

max drawdown

$10,000$10,042

30 days agostarting capital $10,000today

Over the last 30 days, holding long Hyperliquid / short MEXC would have produced 5.1% APR — versus the 4.4% the live spread implies right now (equity $10,000 → $10,042). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading BERA backtest…

BERA funding — FAQ

Is BERA funding positive right now?

BERA perpetual funding is positive on 11 of 11 venues Perpia tracks. The highest is +10.9% on MEXC; the lowest is +1.8% on Hyperliquid.

What is the best BERA funding arbitrage right now?

Go long Hyperliquid and short MEXC for about 4.4% net APR after fees — the widest delta-neutral BERA spread Perpia currently sees.

Which exchange has the highest BERA funding rate?

MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How BERA funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to BERA

Markets also quoted on both Hyperliquid and MEXC — the same two exchanges you would already have funded for the BERA trade.

See every spread between them on the Hyperliquid vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this