Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.030%
Price spread now: RISEx against Backpack−0.055%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 4 days (all we have)+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.055%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.029% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.199%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack AERO_USDC_PERP | 0.6847 | 0.0430 | pay 0.0054% / 1h | 18m 18s | $93K | $260K | 15x |
| Short | RISEx AERO/USDC | 0.6844 | 0.0382 | get 0.0048% / 1h | 18m 18s | $199K | $489K | 3x |
Backpack AERO_USDC_PERP
RISEx AERO/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$10.13
- Price spread: −0.055% → −0.026%
- −$2.9
- Slippage, 4 orders
- −$6.67
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$35.7
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 30 min ago; RISEx: live order book, 30 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, 30 min ago | 0.07 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 30 min ago | 1.02 bp | 4.6 bp −$5 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +0.799% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6853 | +0.088% | $22.6M | $5.3M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6843 | −0.062% | $41K | $124K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6848 | +0.010% | $25.8M | $25.1M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6847 | −0.004% | $22.3M | $18.2M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6852 | +0.069% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6845 | −0.034% | $1.6M | $475K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6846 | −0.019% | $8.4M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6851 | +0.054% | $2.0M | $1.1M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6846 | −0.019% | $4.0M | $1.8M | 75x | as long as short |
Injective AERO/USDC PERP
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 | 0.6851 | +0.054% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6820 | −0.402% | $1.9M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6849 | +0.025% | $201K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6850 | +0.038% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0188% | 1h | 0.6851 | +0.054% | $54K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6849 | +0.024% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6844 | −0.048% | $927K | $595K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0352% | 1h | 0.6851 | +0.053% | $186 | $101 | 3x | as long as short |
| RISEx AERO/USDCshort | +0.0382% | 1h | 0.6844 | −0.055% | $199K | $489K | 3x | |
| Backpack AERO_USDC_PERPlong | +0.0430% | 1h | 0.6847 | long leg | $93K | $260K | 15x | |
| Lighter AERO | +0.0456% | 1h | 0.6860 | +0.181% | $1.3M | $507K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0505% / S −0.0246% | 1h | 0.6846 | −0.014% | $88K | — | 100x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1984% | 1h | 0.6852 | +0.069% | $89K | $35K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
Lighter AERO
GMX AERO/USD [ETH-USDC]
Coinbase International AERO-PERP-INTX