Settings8H · net · $10k
Funding arb · Price arb /

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.029%
Price spread now: BloFin against Binance+0.109%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$510.509% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.124%+$12 on $10k
Price spread, last 4 days (all we have)+0.623%+$62 · spread now +0.109%, 7d avg −0.020%
Together, before fees+0.748%+$75 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.129% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.020%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AEROUSDT0.68820.0100pay 0.0050% / 4h1h 38m$26.1M$25.2M75x
ShortBloFin AERO-USDT0.68890.0340get 0.0170% / 4h1h 38m$941K$632K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$50.4
Price spread: +0.109% → −0.020%
$12.85
Slippage, 4 orders
−$28.94
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$12.31
Costs to cover
0.509%
Break-even
5.3 days
Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago0.72 bp13.2 bp −$1327.0 bp −$270doesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago2.90 bp9.3 bp −$920.4 bp −$204110.6 bp −$11.1Kdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AERO_USDC-PERPETUAL0.0000%1h0.6877−0.066%$55K$11K10xas long as short
Injective AERO/USDC PERP+0.0033%1h0.6902+0.298%$4$209K5.5xas long as short
Hyperliquid AERO+0.0100%1h0.6890+0.120%$23.1M$5.1M3xas long as short
Aster AEROUSDT+0.0100%4h0.6885+0.052%$39K$117K10xas long as short
Binance AEROUSDTlong+0.0100%4h0.6882long leg$26.1M$25.2M75x
Bybit AEROUSDT+0.0100%4h0.6880−0.022%$22.4M$19.0M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6884+0.036%$2.3M$6.5M20xas long as short
Gate AERO_USDT+0.0100%4h0.6885+0.051%$1.6M$481K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6881−0.008%$8.2M$1.6M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6888+0.094%$2.1M$938K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6883+0.022%$4.0M$1.9M75xas long as short
BingX AERO-USDT+0.0100%4h0.6885+0.051%$1.7Mas long as short
Variational Omni AERO+0.0100%4h0.6891+0.140%$2.0M$1.3Mas long as short
Extended AERO-USD+0.0104%1h0.6881−0.010%$206K$2.0M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6883+0.023%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6885+0.044%$19K$4K15xas long as short
BloFin AERO-USDTshort+0.0340%4h0.6889+0.109%$941K$632K25x
01 Exchange AEROUSD+0.0408%1h0.6887+0.074%$187$1013xas long as short
GMX AERO/USD [ETH-USDC]L +0.0506% / S −0.0237%1h0.6878−0.050%$90K100xas long as short
RISEx AERO/USDC+0.0540%1h0.6882+0.003%$208K$405K3xas long as short
Backpack AERO_USDC_PERP+0.1058%1h0.6887+0.084%$113K$294K15xas long as short
Lighter AERO+0.1232%1h0.6894+0.180%$1.3M$498K3xas long as short
Coinbase International AERO-PERP-INTX+1.0840%1h0.6899+0.254%$90K$36K25xas long as short