Funding you earn now, next payment 02:00 UTC+0.1026%/8h= +112.3% APRpaid last 24h +0.075%
Price spread now: Backpack against Aster+0.052%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 5 days (all we have)+0.290%+$29 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.052%, 7d avg +0.014%
=Together, before fees+0.226%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Backpack is 0.037% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.014%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.290% in total (about 19.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster AEROUSDT | 0.6929 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $42K | $110K | 10x |
| Short | Backpack AERO_USDC_PERP | 0.6932 | 0.1126 | get 0.0141% / 1h | 57m 04s | $134K | $272K | 15x |
Aster AEROUSDT
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- $215.36
- Price spread: +0.052% → +0.014%
- $3.74
- Slippage, 4 orders
- −$39.14
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $161.96
- Costs to cover
- 0.571%
- Break-even
- 1.7 days
Slippage from Aster: live order book, 9 min ago; Backpack: live order book, 11 min ago.
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 Aster live order book, 9 min ago | 4.97 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 11 min ago | 0.07 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
AERO 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | 0.0000% | 1h | 0.6930 | +0.022% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.383% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6929 | +0.004% | $23.4M | $4.9M | 3x | as long as short |
| Aster AEROUSDTlong | +0.0100% | 4h | 0.6929 | long leg | $42K | $110K | 10x | |
| Binance AEROUSDT | +0.0100% | 4h | 0.6922 | −0.094% | $26.3M | $25.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6924 | −0.065% | $22.5M | $20.1M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6922 | −0.094% | $2.3M | $6.7M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6923 | −0.080% | $1.6M | $481K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6921 | −0.108% | $8.3M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6929 | +0.007% | $2.1M | $934K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Hyperliquid AERO
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6925 | −0.051% | $4.1M | $2.0M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6926 | −0.036% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6962 | +0.487% | $2.0M | $1.6M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6920 | −0.129% | $220K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6928 | −0.013% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6932 | +0.053% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6932 | +0.050% | $950K | $680K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0360% | 1h | 0.6939 | +0.154% | $188 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0511% / S −0.0240% | 1h | 0.6929 | +0.007% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0660% | 1h | 0.6941 | +0.176% | $219K | $400K | 3x | as long as short |
| Lighter AERO | +0.0856% | 1h | 0.6944 | +0.219% | $1.3M | $471K | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1126% | 1h | 0.6932 | +0.052% | $134K | $272K | 15x | |
| Coinbase International AERO-PERP-INTX | +0.3256% | 1h | 0.6973 | +0.642% | $92K | $36K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX