Funding you earn now, next payment 22:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.058%
Price spread now: MEXC against Backpack−0.100%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$350.345% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.100%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.076% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.240% in total (about -12.5% 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 | 0.6872 | 0.0445 | pay 0.0056% / 1h | 35m 53s | $101K | $313K | 15x |
| Short | MEXC AERO_USDT | 0.6865 | 0.0100 | get 0.0050% / 4h | 2h 35m | $8.1M | $1.6M | 100x |
Backpack AERO_USDC_PERP
MEXC AERO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$72.47
- Price spread: −0.100% → −0.024%
- −$7.65
- Slippage, 4 orders
- −$16.52
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$114.64
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 52 min ago; MEXC: live order book, 2 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, 52 min ago | 0.58 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.73 bp | 12.3 bp −$12 | 26.1 bp −$261 | 133.1 bp −$13.3K | 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 | −0.0041% | 1h | 0.6867 | −0.071% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0052% | 1h | 0.6891 | +0.278% | $4 | $166K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6868 | −0.063% | $23.1M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6872 | +0.008% | $38K | $108K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6866 | −0.089% | $25.4M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6866 | −0.086% | $21.8M | $20.5M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6867 | −0.071% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6864 | −0.115% | $1.6M | $562K | 75x | as long as short |
| MEXC AERO_USDTshort | +0.0100% | 4h | 0.6865 | −0.100% | $8.1M | $1.6M | 100x | |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6861 | −0.159% | $2.2M | $860K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6866 | −0.086% | $4.1M | $2.2M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6867 | −0.071% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6863 | −0.129% | $1.8M | $1.6M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6864 | −0.108% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6866 | −0.086% | $46K | — | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0208% | 1h | 0.6871 | −0.009% | $186 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6866 | −0.082% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6876 | +0.060% | $912K | $703K | 25x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0445% | 1h | 0.6872 | long leg | $101K | $313K | 15x | |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0229% | 1h | 0.6866 | −0.086% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0530% | 1h | 0.6872 | −0.004% | $221K | $374K | 3x | as long as short |
| Lighter AERO | +0.0824% | 1h | 0.6881 | +0.135% | $1.3M | $492K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1488% | 1h | 0.6869 | −0.042% | $91K | $18K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
01 Exchange AEROUSD
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX