Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.028%
Price spread now: Injective against Binance−0.762%57s7-day average +0.825% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)−4.417%−$442 · spread now −0.762%, 7d avg +0.825%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.587% cheaper against Binance than usual: you would sell low and buy high (−$159 if the spread goes back to its 7-day average of +0.825%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AEROUSDT | 0.6955 | 0.0100 | pay 0.0050% / 4h | 56m 20s | $25.8M | $25.6M | 75x |
| Short | Injective AERO/USDC PERP | 0.6902 | 0.0033 | get 0.0004% / 1h | 56m 20s | $4 | $209K | 5.5x |
Binance AEROUSDT
Injective AERO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.762% → +0.825%
- −$158.73
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$182.75
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 15 min ago; Injective: no order-book sample. Net counts fees only.
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, 15 min ago | 0.73 bp | 12.2 bp −$12 | 28.4 bp −$284 | 384.9 bp −$38.5K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | +0.0033% | 1h | 0.6902 | −0.762% | $4 | $209K | 5.5x | |
| Deribit AERO_USDC-PERPETUAL | +0.0038% | 1h | 0.6944 | −0.158% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6965 | +0.144% | $23.4M | $5.4M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6957 | +0.023% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDTlong | +0.0100% | 4h | 0.6955 | long leg | $25.8M | $25.6M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6953 | −0.029% | $22.0M | $20.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6955 | 0.000% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6951 | −0.058% | $1.6M | $522K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6956 | +0.014% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6958 | +0.043% | $2.1M | $913K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC 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 | 0.6954 | −0.014% | $4.1M | $2.1M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6952 | −0.043% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6901 | −0.783% | $2.0M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6959 | +0.053% | $203K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6947 | −0.108% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6952 | −0.046% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6943 | −0.173% | $918K | $700K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0504% / S −0.0218% | 1h | 0.6947 | −0.119% | $94K | — | 100x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0520% | 1h | 0.6918 | −0.532% | $92K | $32K | 25x | as long as short |
| RISEx AERO/USDC | +0.0563% | 1h | 0.6963 | +0.115% | $245K | $382K | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0640% | 1h | 0.6977 | +0.318% | $189 | $115 | 3x | as long as short |
| Backpack AERO_USDC_PERP | +0.0922% | 1h | 0.6957 | +0.027% | $103K | $313K | 15x | as long as short |
| Lighter AERO | +0.1560% | 1h | 0.6973 | +0.254% | $1.3M | $457K | 3x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
Coinbase International AERO-PERP-INTX
RISEx AERO/USDC
01 Exchange AEROUSD
Backpack AERO_USDC_PERP
Lighter AERO