Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget0.000%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.613% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.048%+$5 · spread now 0.000%, 7d avg +0.025%

Together, before fees+0.012%+$1 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 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AEROUSDT	0.6883	0.0100	pay 0.0050% / 4h	14m 49s	$4.0M	$1.9M	75x
Short	Bybit AEROUSDT	0.6883	0.0100	get 0.0050% / 4h	14m 49s	$22.4M	$18.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.025%: −$2.54
Slippage, 4 orders: −$38.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.86
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 4 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 Bitget live order book, 3 min ago	3.63 bp	18.5 bp −$18	43.1 bp −$431	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.45 bp	13.7 bp −$14	37.0 bp −$370	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
Coinbase International AERO-PERP-INTX	−0.0360%	1h	0.6892	+0.131%	$88K	$38K	25x	as long as short
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6881	−0.029%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.276%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6888	+0.073%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6885	+0.023%	$25.9M	$25.1M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.6883	0.000%	$22.4M	$18.0M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6885	+0.029%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6881	−0.029%	$1.6M	$479K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6884	+0.015%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6889	+0.087%	$2.0M	$1.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDTlong	+0.0100%	4h	0.6883	long leg	$4.0M	$1.9M	75x
BingX AERO-USDT	+0.0100%	4h	0.6883	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6882	−0.015%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6882	−0.009%	$204K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6883	−0.006%	$46K	—	3x	as long as short
Hyperliquid AERO	+0.0206%	1h	0.6894	+0.160%	$22.7M	$5.4M	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6878	−0.072%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6887	+0.058%	$939K	$576K	25x	as long as short
RISEx AERO/USDC	+0.0416%	1h	0.6885	+0.023%	$216K	$538K	3x	as long as short
01 Exchange AEROUSD	+0.0472%	1h	0.6895	+0.180%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0518% / S −0.0255%	1h	0.6879	−0.057%	$90K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0656%	1h	0.6888	+0.074%	$93K	$260K	15x	as long as short
Lighter AERO	+0.0840%	1h	0.6895	+0.179%	$1.3M	$395K	3x	as long as short