Funding you earn now, next payment 03:00 UTC+0.0951%/8h= +104.1% APRpaid last 24h +0.096%
Price spread now: Backpack against Binance+0.069%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.280%+$28 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.069%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Backpack is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.027%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.280% in total (about 14.6% 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 | Binance AEROUSDT | 0.6912 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $26.2M | $24.8M | 75x |
| Short | Backpack AERO_USDC_PERP | 0.6916 | 0.1051 | get 0.0131% / 1h | 18m 17s | $113K | $292K | 15x |
Binance AEROUSDT
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- $199.61
- Price spread: +0.069% → +0.027%
- $4.19
- Slippage, 4 orders
- −$41.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $142.03
- Costs to cover
- 0.618%
- Break-even
- 2.0 days
Slippage from Binance: live order book, 8 min ago; Backpack: live order book, 45 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 Binance live order book, 8 min ago | 0.73 bp | 14.4 bp −$14 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 45 min ago | 0.07 bp | 25.9 bp −$26 | 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 | −0.138% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6919 | +0.107% | $39K | $116K | 10x | as long as short |
| Binance AEROUSDTlong | +0.0100% | 4h | 0.6912 | long leg | $26.2M | $24.8M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6908 | −0.051% | $22.4M | $18.4M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6911 | −0.008% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6909 | −0.037% | $1.6M | $486K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6911 | −0.008% | $8.3M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6913 | +0.021% | $2.1M | $931K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6908 | −0.051% | $4.1M | $1.9M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6911 | −0.008% | — | $1.7M | — | as long as short |
Injective AERO/USDC PERP
Aster 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 | +0.075% | $2.0M | $1.3M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6908 | −0.052% | $208K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6908 | −0.058% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0184% | 1h | 0.6911 | −0.008% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6907 | −0.069% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6906 | −0.080% | $940K | $608K | 25x | as long as short |
| Hyperliquid AERO | +0.0393% | 1h | 0.6916 | +0.065% | $23.3M | $5.1M | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0456% | 1h | 0.6919 | +0.115% | $188 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0506% / S −0.0237% | 1h | 0.6906 | −0.082% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0540% | 1h | 0.6912 | +0.013% | $230K | $414K | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1051% | 1h | 0.6916 | +0.069% | $113K | $292K | 15x | |
| Lighter AERO | +0.1320% | 1h | 0.6926 | +0.211% | $1.3M | $501K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +1.0840% | 1h | 0.6883 | −0.413% | $90K | $36K | 25x | as long as short |
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
Hyperliquid AERO
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX