Funding you earn now, next payment 23:00 UTC−0.0505%/8h= −55.3% APRnext payment −$0.63 per $10,000 · paid last 24h −0.056%
Price spread now: Extended against Backpack−0.050%7-day average −0.071% · 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−$43as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.236%−$24 on $10k
+Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.050%, 7d avg −0.071%
=Together, before fees−0.251%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.022% dearer against Backpack than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.071%): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.236% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.236% in total (about -12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. 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 | 0.6909 | 0.0609 | pay 0.0076% / 1h | 55m 35s | $102K | $313K | 15x |
| Short | Extended AERO-USD | 0.6906 | 0.0104 | get 0.0013% / 1h | 55m 35s | $201K | $1.3M | 10x |
Backpack AERO_USDC_PERP
Extended AERO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$106.08
- Price spread: −0.050% → −0.071%
- $2.18
- Slippage, 4 orders
- −$30.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$148.91
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 28 min ago; Extended: live order book, 3 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, 28 min ago | 0.07 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.75 bp | 15.2 bp −$15 | 155.4 bp −$1,554 | 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 | −0.0185% | 1h | 0.6901 | −0.117% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6909 | −0.001% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6898 | −0.165% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6905 | −0.059% | $25.6M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6905 | −0.059% | $22.0M | $20.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6906 | −0.045% | $2.3M | $6.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6902 | −0.103% | $1.6M | $522K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6903 | −0.088% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6909 | −0.001% | $2.1M | $839K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6904 | −0.074% | $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 | 0.6905 | −0.059% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6884 | −0.367% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USDshort | +0.0104% | 1h | 0.6906 | −0.050% | $201K | $1.3M | 10x | |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6901 | −0.117% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | −0.103% | $4 | $209K | 5.5x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6900 | −0.135% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0240% | 1h | 0.6906 | −0.041% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6885 | −0.349% | $915K | $693K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0503% / S −0.0223% | 1h | 0.6899 | −0.153% | $92K | — | 100x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0609% | 1h | 0.6909 | long leg | $102K | $313K | 15x | |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6909 | −0.004% | $214K | $379K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6979 | +1.012% | $93K | $33K | 25x | as long as short |
| Lighter AERO | +0.0912% | 1h | 0.6919 | +0.142% | $1.3M | $464K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
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