Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0417%/8h= +45.7% APRpaid last 24h +0.103%

Price spread now: RISEx against Binance+0.158%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.509%+$51 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.158%, 7d avg 0.000%

Together, before fees+0.359%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.158% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.6974	0.0100	pay 0.0050% / 4h	49m 55s	$26.5M	$25.2M	75x
Short	RISEx AERO/USDC	0.6985	0.0517	get 0.0065% / 1h	49m 55s	$215K	$596K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.158%Rate

Funding earned: $87.66
Price spread: +0.158% → 0.000%: $15.84
Slippage, 4 orders: −$20.56
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $66.95
Costs to cover: 0.366%
Break-even: 1.7 days

Slippage from Binance: live order book, 14 min ago; RISEx: live order book, 56 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, 14 min ago	0.71 bp	13.1 bp −$13	31.2 bp −$312	doesn't fit	doesn't fit
Sell RISEx live order book, 56 min ago	1.13 bp	4.8 bp −$5	doesn't fit	doesn't fit	doesn't fit

AERO on 23 exchanges

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
Coinbase International AERO-PERP-INTX	−0.1456%	1h	0.6993	+0.275%	$87K	$40K	25x	as long as short
BloFin AERO-USDT	−0.0200%	4h	0.6985	+0.160%	$974K	$638K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.030%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0036%	1h	0.6983	+0.131%	$55K	—	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6973	−0.007%	$42K	$105K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.6974	long leg	$26.5M	$25.2M	75x
Bybit AEROUSDT	+0.0100%	4h	0.6970	−0.055%	$22.9M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6972	−0.027%	$2.4M	$5.5M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6969	−0.070%	$1.6M	$471K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6969	−0.070%	$8.5M	$1.4M	100x	as long as short

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AEROUSDTM	+0.0100%	4h	0.6973	−0.012%	$1.9M	$1.3M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6968	−0.084%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6972	−0.027%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6980	+0.083%	$1.9M	$865K	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6964	−0.136%	$221K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6980	+0.086%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6991	+0.248%	$20K	$4K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0514% / S −0.0235%	1h	0.6991	+0.243%	$92K	—	100x	as long as short
RISEx AERO/USDCshort	+0.0517%	1h	0.6985	+0.158%	$215K	$596K	3x
01 Exchange AEROUSD	+0.0552%	1h	0.6996	+0.313%	$190	$101	3x	as long as short
Hyperliquid AERO	+0.0554%	1h	0.6981	+0.108%	$23.1M	$5.9M	3x	as long as short
Backpack AERO_USDC_PERP	+0.0594%	1h	0.6976	+0.034%	$96K	$245K	15x	as long as short
Lighter AERO	+0.0808%	1h	0.6988	+0.207%	$1.3M	$393K	3x	as long as short