Funding you earn now, next payment 03:00 UTC−0.0702%/8h= −76.9% APRpaid last 24h −0.067%
Price spread now: BloFin against Backpack−0.257%7-day average −0.052% · 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−$74as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 4 days (all we have)+1.008%+$101 · spread now −0.257%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and BloFin is 0.205% cheaper against Backpack than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% 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 | 0.6932 | 0.1042 | pay 0.0130% / 1h | 16m 15s | $113K | $292K | 15x |
| Short | BloFin AERO-USDT | 0.6914 | 0.0340 | get 0.0170% / 4h | 1h 16m | $898K | $611K | 25x |
Backpack AERO_USDC_PERP
BloFin AERO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$147.39
- Price spread: −0.257% → −0.052%
- −$20.46
- Slippage, 4 orders
- −$31.81
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$221.67
- Costs to cover
- 0.538%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 47 min ago; BloFin: live order book, 26 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, 47 min ago | 0.07 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 2.90 bp | 9.3 bp −$9 | 20.4 bp −$204 | 110.6 bp −$11.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.430% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6931 | −0.012% | $39K | $116K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6929 | −0.040% | $26.3M | $24.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6924 | −0.113% | $22.5M | $18.4M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6931 | −0.012% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6921 | −0.156% | $1.6M | $486K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6930 | −0.026% | $8.3M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6929 | −0.040% | $2.1M | $931K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6925 | −0.098% | $4.1M | $1.9M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6928 | −0.055% | — | $1.7M | — | as long as short |
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AERO | +0.0100% | 4h | 0.6917 | −0.218% | $2.0M | $1.3M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6926 | −0.078% | $210K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6917 | −0.216% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6922 | −0.141% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDTshort | +0.0340% | 4h | 0.6914 | −0.257% | $898K | $611K | 25x | |
| Hyperliquid AERO | +0.0391% | 1h | 0.6928 | −0.055% | $23.3M | $5.1M | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0464% | 1h | 0.6933 | +0.019% | $188 | $101 | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0472% | 1h | 0.6929 | −0.040% | $55K | $11K | 10x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0507% / S −0.0237% | 1h | 0.6924 | −0.108% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0540% | 1h | 0.6923 | −0.125% | $230K | $414K | 3x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.1042% | 1h | 0.6932 | long leg | $113K | $292K | 15x | |
| Lighter AERO | +0.1336% | 1h | 0.6942 | +0.151% | $1.3M | $502K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +1.0840% | 1h | 0.6883 | −0.704% | $90K | $36K | 25x | as long as short |
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
Hyperliquid AERO
01 Exchange AEROUSD
Deribit AERO_USDC-PERPETUAL
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX