Funding you earn now, next payment 22:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.043%
Price spread now: Backpack against BloFin+0.086%66s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)−0.408%−$41 · spread now +0.086%, 7d avg +0.045%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.041% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 66 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 | BloFin AERO-USDT | 0.6869 | 0.0340 | pay 0.0170% / 4h | 2h 45m | $914K | $702K | 25x |
| Short | Backpack AERO_USDC_PERP | 0.6875 | 0.0480 | get 0.0060% / 1h | 45m 59s | $101K | $313K | 15x |
BloFin AERO-USDT
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- $29.38
- Price spread: +0.086% → +0.045%
- $4.11
- Slippage, 4 orders
- −$11.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $0.16
- Costs to cover
- 0.333%
- Break-even
- 7.0 days
Slippage from BloFin: live order book, 41 min ago; Backpack: live order book, 42 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 BloFin live order book, 41 min ago | 2.89 bp | 11.3 bp −$11 | 20.3 bp −$203 | 56.3 bp −$5,631 | doesn't fit |
| Sell Backpack live order book, 42 min ago | 0.58 bp | 6.1 bp −$6 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | −0.0187% | 1h | 0.6867 | −0.029% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0052% | 1h | 0.6891 | +0.320% | $4 | $166K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6867 | −0.033% | $23.1M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6874 | +0.073% | $38K | $108K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6867 | −0.029% | $25.4M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6868 | −0.015% | $21.8M | $20.5M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6867 | −0.029% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6867 | −0.029% | $1.6M | $561K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6868 | −0.015% | $8.1M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6868 | −0.015% | $2.2M | $859K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance 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 | 0.6861 | −0.116% | $4.1M | $2.2M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6866 | −0.044% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6860 | −0.131% | $1.8M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6866 | −0.038% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6866 | −0.036% | $46K | — | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0192% | 1h | 0.6873 | +0.060% | $186 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6867 | −0.023% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDTlong | +0.0340% | 4h | 0.6869 | long leg | $914K | $702K | 25x | |
| Backpack AERO_USDC_PERPshort | +0.0480% | 1h | 0.6875 | +0.086% | $101K | $313K | 15x | |
| GMX AERO/USD [ETH-USDC] | L +0.0501% / S −0.0229% | 1h | 0.6867 | −0.023% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0530% | 1h | 0.6874 | +0.074% | $219K | $381K | 3x | as long as short |
| Lighter AERO | +0.0696% | 1h | 0.6883 | +0.201% | $1.3M | $492K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1488% | 1h | 0.6869 | 0.000% | $91K | $18K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
01 Exchange AEROUSD
Reya AERORUSDPERP
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX