Funding you earn now, next payment 23:00 UTC−0.0374%/8h= −41.0% APRpaid last 24h −0.058%
Price spread now: Bitget against Backpack−0.278%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)+0.225%+$23 · spread now −0.278%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.201% cheaper against Backpack than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.211% in total (about -11.0% 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 | Backpack AERO_USDC_PERP | 0.6905 | 0.0474 | pay 0.0059% / 1h | 57m 02s | $102K | $313K | 15x |
| Short | Bitget AEROUSDT | 0.6886 | 0.0100 | get 0.0050% / 4h | 1h 57m | $4.1M | $2.2M | 75x |
Backpack AERO_USDC_PERP
Bitget AEROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$78.56
- Price spread: −0.278% → −0.077%
- −$20.13
- Slippage, 4 orders
- −$25.85
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$146.55
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 26 min ago; Bitget: live order book, 1 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 Backpack live order book, 26 min ago | 0.07 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 4.36 bp | 16.7 bp −$17 | 45.4 bp −$454 | 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 | −0.0330% | 1h | 0.6891 | −0.206% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6900 | −0.078% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6888 | −0.250% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6900 | −0.077% | $25.5M | $25.7M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6898 | −0.104% | $21.9M | $20.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6900 | −0.075% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6887 | −0.264% | $1.6M | $522K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6887 | −0.264% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6891 | −0.206% | $2.2M | $839K | 50x | as long as short |
| Bitget AEROUSDTshort | +0.0100% | 4h | 0.6886 | −0.278% | $4.1M | $2.2M | 75x |
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6887 | −0.264% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6884 | −0.311% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6891 | −0.206% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6893 | −0.180% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | −0.046% | $4 | $209K | 5.5x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6885 | −0.296% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0232% | 1h | 0.6887 | −0.261% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6885 | −0.293% | $915K | $693K | 25x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0474% | 1h | 0.6905 | long leg | $102K | $313K | 15x | |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0223% | 1h | 0.6886 | −0.279% | $92K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6888 | −0.251% | $213K | $379K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6979 | +1.069% | $93K | $33K | 25x | as long as short |
| Lighter AERO | +0.0904% | 1h | 0.6909 | +0.052% | $1.3M | $464K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
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