AERO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.053%

Price spread now: Bybit against BloFin−0.029%52s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$500.500% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 4 days (all we have)−0.195%−$20 · spread now −0.029%, 7d avg +0.003%

Together, before fees−0.352%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.032% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AERO-USDT	0.6862	0.0340	pay 0.0170% / 4h	3h 08m	$939K	$578K	25x
Short	Bybit AEROUSDT	0.6860	0.0100	get 0.0050% / 4h	3h 08m	$22.2M	$18.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$50.4
Price spread: −0.029% → +0.003%: −$3.19
Slippage, 4 orders: −$26.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$103.58
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from BloFin: live order book, 24 min ago; Bybit: live order book, 5 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, 24 min ago	0.72 bp	11.3 bp −$11	27.0 bp −$270	118.7 bp −$11.9K	doesn't fit
Sell Bybit live order book, 5 min ago	0.73 bp	13.7 bp −$14	31.6 bp −$316	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
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.583%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6871	+0.128%	$22.9M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6862	−0.003%	$40K	$119K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6863	+0.019%	$26.1M	$24.9M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.6860	−0.029%	$22.2M	$18.0M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6867	+0.073%	$2.3M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6852	−0.146%	$1.6M	$464K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6863	+0.015%	$8.3M	$1.5M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6855	−0.102%	$2.1M	$930K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6860	−0.029%	$4.0M	$1.8M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6860	−0.029%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6868	+0.091%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6863	+0.017%	$209K	$1.2M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6859	−0.048%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0187%	1h	0.6866	+0.058%	$55K	$11K	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6862	+0.004%	$19K	$4K	15x	as long as short
BloFin AERO-USDTlong	+0.0340%	4h	0.6862	long leg	$939K	$578K	25x
01 Exchange AEROUSD	+0.0456%	1h	0.6866	+0.054%	$186	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6862	−0.006%	$89K	—	100x	as long as short
RISEx AERO/USDC	+0.0658%	1h	0.6862	−0.007%	$200K	$471K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1017%	1h	0.6863	+0.010%	$95K	$259K	15x	as long as short
Lighter AERO	+0.1024%	1h	0.6875	+0.184%	$1.3M	$493K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3376%	1h	0.6855	−0.102%	$89K	$34K	25x	as long as short