Funding you earn now, next payment 23:00 UTC−0.0534%/8h= −58.5% APRnext payment −$0.67 per $10,000 · paid last 24h −0.056%
Price spread now: Aevo against Backpack−0.077%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 −$16 a day on $10k at the current rate, and Aevo is 0.077% cheaper against Backpack than usual: you would sell low and buy high (−$8 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 | Backpack AERO_USDC_PERP | 0.6912 | 0.0638 | pay 0.0080% / 1h | 54m 32s | $102K | $313K | 15x |
| Short | Aevo AERO-PERP | 0.6907 | 0.0104 | get 0.0013% / 1h | 54m 32s | $46K | — | 3x |
Backpack AERO_USDC_PERP
Aevo AERO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. 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
- −$112.2
- Price spread: −0.077% → 0.000%
- −$7.73
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$145.92
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 29 min ago; Aevo: 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 Backpack live order book, 29 min ago | 0.07 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.
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 | −0.0184% | 1h | 0.6906 | −0.085% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6906 | −0.082% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6902 | −0.150% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6899 | −0.181% | $25.5M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6899 | −0.187% | $21.9M | $20.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6902 | −0.143% | $2.3M | $6.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6901 | −0.158% | $1.6M | $522K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6902 | −0.143% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6907 | −0.071% | $2.1M | $873K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6904 | −0.114% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6907 | −0.071% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6900 | −0.166% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6900 | −0.167% | $202K | $1.3M | 10x | as long as short |
| Aevo AERO-PERPshort | +0.0104% | 1h | 0.6907 | −0.077% | $46K | — | 3x | |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | −0.143% | $4 | $209K | 5.5x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6910 | −0.023% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0272% | 1h | 0.6906 | −0.080% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6904 | −0.114% | $911K | $695K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0503% / S −0.0223% | 1h | 0.6907 | −0.068% | $92K | — | 100x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0638% | 1h | 0.6912 | long leg | $102K | $313K | 15x | |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6906 | −0.090% | $214K | $379K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6979 | +0.971% | $93K | $33K | 25x | as long as short |
| Lighter AERO | +0.0920% | 1h | 0.6921 | +0.136% | $1.3M | $464K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Injective AERO/USDC PERP
Reya AERORUSDPERP
01 Exchange AEROUSD
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Coinbase International AERO-PERP-INTX
Lighter AERO