Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.048%

Price spread now: Deribit against Bitget−0.072%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.072% cheaper against Bitget than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AEROUSDT	0.6981	0.0100	pay 0.0050% / 4h	3h 17m	$4.1M	$2.1M	75x
Short	Deribit AERO_USDC-PERPETUAL	0.6976	0.0180	get 0.0023% / 1h	17m 38s	$55K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now −0.072%Rate

Funding earned: $16.8
Price spread: −0.072% → 0.000%: −$7.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.36
Costs to cover: 0.190%
Break-even: 10.9 days

Slippage unknown: Bitget: live order book, 5 min ago; Deribit: 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 Bitget live order book, 5 min ago	3.58 bp	16.6 bp −$17	39.6 bp −$396	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 PERP	+0.0033%	1h	0.6902	−1.132%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6976	−0.078%	$40K	$109K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6982	+0.014%	$26.6M	$26.2M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6978	−0.043%	$22.6M	$20.6M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6986	+0.072%	$2.3M	$6.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6971	−0.143%	$1.6M	$495K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6981	0.000%	$8.3M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6965	−0.229%	$2.1M	$936K	50x	as long as short
Bitget AEROUSDTlong	+0.0100%	4h	0.6981	long leg	$4.1M	$2.1M	75x
BingX AERO-USDT	+0.0100%	4h	0.6979	−0.029%	—	$1.8M	—	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AERO	+0.0100%	4h	0.6970	−0.153%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6981	+0.004%	$217K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6962	−0.266%	$47K	—	3x	as long as short
Deribit AERO_USDC-PERPETUALshort	+0.0180%	1h	0.6976	−0.072%	$55K	$11K	10x
Reya AERORUSDPERP	+0.0228%	1h	0.6967	−0.205%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6974	−0.100%	$947K	$717K	25x	as long as short
01 Exchange AEROUSD	+0.0440%	1h	0.6991	+0.139%	$189	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0511% / S −0.0240%	1h	0.6970	−0.160%	$91K	—	100x	as long as short
RISEx AERO/USDC	+0.0687%	1h	0.6986	+0.077%	$215K	$392K	3x	as long as short
Hyperliquid AERO	+0.0847%	1h	0.7002	+0.298%	$23.6M	$5.0M	3x	as long as short
Backpack AERO_USDC_PERP	+0.1393%	1h	0.6994	+0.183%	$134K	$302K	15x	as long as short
Lighter AERO	+0.1608%	1h	0.7000	+0.271%	$1.3M	$462K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3896%	1h	0.6973	−0.115%	$92K	$35K	25x	as long as short