Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.013%

Price spread now: Extended against BloFin−0.094%7-day average −0.031% · 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−$62as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 3 days (all we have)−0.100%−$10 · spread now −0.094%, 7d avg −0.031%

Together, before fees−0.202%+ Points / potential airdropExtended: Active · farm board−$20 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 Extended is 0.064% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment. 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	0.7001	0.0340	pay 0.0170% / 4h	51m 10s	$920K	$709K	25x
Short	Extended AERO-USD	0.6994	0.0104	get 0.0013% / 1h	51m 10s	$216K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$49.56
Price spread: −0.094% → −0.031%: −$6.38
Slippage, 4 orders: −$38.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$111.7
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from BloFin: live order book, 26 min ago; Extended: live order book, 2 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, 26 min ago	0.73 bp	11.6 bp −$12	24.5 bp −$245	73.0 bp −$7,301	doesn't fit
Sell Extended live order book, 2 min ago	2.64 bp	17.0 bp −$17	149.5 bp −$1,495	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	−1.414%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7003	+0.024%	$39K	$110K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7003	+0.029%	$26.2M	$25.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6999	−0.029%	$22.3M	$20.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7002	+0.014%	$2.3M	$6.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6993	−0.114%	$1.6M	$523K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7000	−0.014%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7000	−0.014%	$2.2M	$918K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6996	−0.071%	$4.1M	$2.1M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6996	−0.071%	—	$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	0.6955	−0.663%	$2.0M	$1.7M	—	as long as short
Extended AERO-USDshort	+0.0104%	1h	0.6994	−0.094%	$216K	$1.3M	10x
Aevo AERO-PERP	+0.0104%	1h	0.6991	−0.147%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6989	−0.167%	$20K	$4K	15x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0322%	1h	0.6992	−0.129%	$56K	$11K	10x	as long as short
BloFin AERO-USDTlong	+0.0340%	4h	0.7001	long leg	$920K	$709K	25x
Hyperliquid AERO	+0.0498%	1h	0.7006	+0.077%	$23.5M	$5.4M	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0510% / S −0.0236%	1h	0.6985	−0.230%	$92K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.7039	+0.543%	$93K	$33K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.6996	−0.072%	$253K	$385K	3x	as long as short
01 Exchange AEROUSD	+0.0792%	1h	0.7006	+0.077%	$190	$115	3x	as long as short
Backpack AERO_USDC_PERP	+0.1087%	1h	0.7004	+0.044%	$103K	$315K	15x	as long as short
Lighter AERO	+0.1864%	1h	0.7015	+0.197%	$1.3M	$459K	3x	as long as short