Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.016%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.016%, 7d avg −0.004%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.020% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.6861	0.0100	pay 0.0050% / 4h	2h 50m	$25.3M	$25.6M	75x
Short	Bybit AEROUSDT	0.6862	0.0100	get 0.0050% / 4h	2h 50m	$21.8M	$20.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.004%: $2.02
Slippage, 4 orders: −$26.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.2
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 3 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, 6 min ago	1.46 bp	12.2 bp −$12	26.2 bp −$262	386.8 bp −$38.7K	doesn't fit
Sell Bybit live order book, 3 min ago	0.73 bp	11.9 bp −$12	28.2 bp −$282	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
Deribit AERO_USDC-PERPETUAL	−0.0187%	1h	0.6860	−0.013%	$54K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0052%	1h	0.6891	+0.439%	$4	$166K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6867	+0.083%	$23.1M	$5.7M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6867	+0.090%	$39K	$108K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.6861	long leg	$25.3M	$25.6M	75x
Bybit AEROUSDTshort	+0.0100%	4h	0.6862	+0.016%	$21.8M	$20.6M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6863	+0.031%	$2.3M	$6.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6859	−0.028%	$1.5M	$561K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6862	+0.016%	$8.1M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6861	+0.001%	$2.2M	$862K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6856	−0.071%	$4.1M	$2.2M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6861	+0.001%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6860	−0.013%	$1.8M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6859	−0.032%	$201K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6867	+0.089%	$46K	—	3x	as long as short
01 Exchange AEROUSD	+0.0168%	1h	0.6869	+0.117%	$186	$115	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6865	+0.062%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6857	−0.057%	$910K	$706K	25x	as long as short
Backpack AERO_USDC_PERP	+0.0352%	1h	0.6871	+0.146%	$101K	$316K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0501% / S −0.0229%	1h	0.6859	−0.029%	$91K	—	100x	as long as short
RISEx AERO/USDC	+0.0530%	1h	0.6871	+0.150%	$212K	$377K	3x	as long as short
Lighter AERO	+0.0632%	1h	0.6875	+0.211%	$1.3M	$492K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.1488%	1h	0.6869	+0.118%	$91K	$18K	25x	as long as short