Funding you earn now, next payment 23:00 UTC−0.0434%/8h= −47.5% APRnext payment −$0.54 per $10,000 · paid last 24h −0.086%
Price spread now: Injective against Backpack−0.103%72s7-day average +0.807% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.365%−$36 on $10k
+Price spread, last 3 days (all we have)−5.182%−$518 · spread now −0.103%, 7d avg +0.807%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Injective is 0.910% cheaper against Backpack than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of +0.807%). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 27s | $102K | $313K | 15x |
| Short | Injective AERO/USDC PERP | 0.6902 | 0.0175 | get 0.0022% / 1h | 55m 27s | $4 | $209K | 5.5x |
Backpack AERO_USDC_PERP
Injective AERO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$91.16
- Price spread: −0.103% → +0.807%
- −$91.02
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$192.2
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 28 min ago; Injective: 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, 28 min ago | 0.07 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0185% | 1h | 0.6901 | −0.117% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6914 | +0.067% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6901 | −0.112% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6907 | −0.025% | $25.6M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6908 | −0.016% | $22.0M | $20.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6912 | +0.042% | $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 | 0.6910 | +0.013% | $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 | 0.6907 | −0.030% | $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-USD | +0.0104% | 1h | 0.6906 | −0.050% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6901 | −0.117% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERPshort | +0.0175% | 1h | 0.6902 | −0.103% | $4 | $209K | 5.5x | |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6910 | +0.017% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0264% | 1h | 0.6917 | +0.109% | $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
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
01 Exchange AEROUSD
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Coinbase International AERO-PERP-INTX
Lighter AERO