Settings8H · net · $10k
Funding arb · Price arb /

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0559%/8h= +61.2% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against Aster+0.038%7-day average +0.081% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.275%+$27 on $10k
Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.038%, 7d avg +0.081%
Together, before fees+0.443%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.044% cheaper against Aster than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.081%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$17 a day). At the pace of the last 5 days (+0.275% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.275% in total (about 18.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster AEROUSDT0.70540.0100pay 0.0050% / 4h36m 43s$41K$112K10x
ShortHyperliquid AERO0.70570.0659get 0.0082% / 1h36m 43s$23.7M$5.4M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$117.31
Price spread: +0.038% → +0.081%
−$4.36
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$95.95
Costs to cover
0.170%
Break-even
1.3 days
Slippage unknown: Aster: live order book, 39 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 39 min ago5.08 bp27.5 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago1.98 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AERO/USDC PERP+0.0033%1h0.6902−2.161%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUAL+0.0034%1h0.7049−0.077%$56K$11K10xas long as short
Aster AEROUSDTlong+0.0100%4h0.7054long leg$41K$112K10x
Binance AEROUSDT+0.0100%4h0.7048−0.097%$26.5M$26.3M75xas long as short
Bybit AEROUSDT+0.0100%4h0.7045−0.134%$22.8M$21.6M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.7045−0.134%$2.3M$7.0M20xas long as short
Gate AERO_USDT+0.0100%4h0.7044−0.148%$1.6M$533K75xas long as short
MEXC AERO_USDT+0.0100%4h0.7047−0.105%$8.4M$1.7M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.7051−0.049%$2.2M$931K50xas long as short
Bitget AEROUSDT+0.0100%4h0.7042−0.176%$4.1M$2.2M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.7043−0.162%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.7066+0.159%$2.1M$1.8Mas long as short
Extended AERO-USD+0.0104%1h0.7041−0.197%$218K$1.3M10xas long as short
Aevo AERO-PERP+0.0104%1h0.7046−0.127%$47K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.7045−0.128%$20K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.7041−0.190%$933K$725K25xas long as short
GMX AERO/USD [ETH-USDC]L +0.0513% / S −0.0250%1h0.7043−0.159%$91K100xas long as short
Coinbase International AERO-PERP-INTX+0.0520%1h0.7554+7.082%$100K$35K25xas long as short
RISEx AERO/USDC+0.0563%1h0.7055+0.012%$250K$387K3xas long as short
Hyperliquid AEROshort+0.0659%1h0.7057+0.038%$23.7M$5.4M3x
01 Exchange AEROUSD+0.0760%1h0.7060+0.080%$191$1113xas long as short
Backpack AERO_USDC_PERP+0.1103%1h0.7052−0.029%$105K$315K15xas long as short
Lighter AERO+0.1968%1h0.7066+0.165%$1.3M$461K3xas long as short