Settings8H · net · $10k
Funding arb · Price arb /

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0772%/8h= +84.5% APRpaid last 24h +0.175%
Price spread now: Lighter against Bitget+0.372%7-day average +0.223% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$630.626% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.753%+$75 on $10k
Price spread, last 4 days (all we have)−0.225%−$23 · spread now +0.372%, 7d avg +0.223%
Together, before fees+0.528%+ Points / potential airdropLighter: Season 3 · farm board+$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.149% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.223%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AEROUSDT0.68870.0100pay 0.0050% / 4h1h 11m$4.1M$2.1M75x
ShortLighter AERO0.69130.0872get 0.0109% / 1h11m 17s$1.3M$464K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$162.12
Price spread: +0.372% → +0.223%
$14.89
Slippage, 4 orders
−$50.6
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$114.41
Costs to cover
0.626%
Break-even
2.1 days
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago2.90 bp15.7 bp −$1641.5 bp −$415doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago4.85 bp13.4 bp −$1379.6 bp −$796doesn't fitdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AERO_USDC-PERPETUAL−0.0040%1h0.6890+0.044%$55K$11K10xas long as short
Hyperliquid AERO+0.0100%1h0.6897+0.139%$23.2M$5.5M3xas long as short
Aster AEROUSDT+0.0100%4h0.6895+0.119%$39K$109K10xas long as short
Binance AEROUSDT+0.0100%4h0.6892+0.080%$25.5M$25.3M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6891+0.058%$22.0M$20.5M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6895+0.116%$2.3M$6.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6889+0.029%$1.6M$533K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6894+0.102%$8.2M$1.7M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6895+0.116%$2.1M$903K50xas long as short
Bitget AEROUSDTlong+0.0100%4h0.6887long leg$4.1M$2.1M75x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.6895+0.116%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6895+0.111%$1.9M$1.7Mas long as short
Extended AERO-USD+0.0104%1h0.6890+0.038%$202K$1.3M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6891+0.051%$46K3xas long as short
Injective AERO/USDC PERP+0.0175%1h0.6902+0.218%$4$209K5.5xas long as short
01 Exchange AEROUSD+0.0216%1h0.6897+0.151%$187$1153xas long as short
Reya AERORUSDPERP+0.0228%1h0.6892+0.066%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6900+0.189%$913K$695K25xas long as short
GMX AERO/USD [ETH-USDC]L +0.0502% / S −0.0223%1h0.6890+0.038%$92K100xas long as short
Backpack AERO_USDC_PERP+0.0524%1h0.6905+0.260%$102K$314K15xas long as short
RISEx AERO/USDC+0.0676%1h0.6896+0.126%$211K$368K3xas long as short
Coinbase International AERO-PERP-INTX+0.0736%1h0.6910+0.334%$92K$32K25xas long as short
Lighter AEROshort+0.0872%1h0.6913+0.372%$1.3M$464K3x