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

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against Bybit+0.060%7-day average +0.101% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.265%+$26 on $10k
Price spread, last 7 days−0.086%−$9 · spread now +0.060%, 7d avg +0.101%
Together, before fees+0.179%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.101%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AEROUSDT0.67910.0100pay 0.0050% / 4h2h 39m$22.0M$18.1M25x
ShortHyperliquid AERO0.67950.0100get 0.0013% / 1h39m 26s$22.5M$5.3M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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
$0
Price spread: +0.060% → +0.101%
−$4.06
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$24.06
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.73 bp10.2 bp −$1034.7 bp −$347doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.91 bpdoesn't fitdoesn't fitdoesn'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-PERPETUAL0.0000%1h0.6798+0.103%$54K$11K10xas long as short
Injective AERO/USDC PERP+0.0033%1h0.6902+1.635%$4$209K5.5xas long as short
Hyperliquid AEROshort+0.0100%1h0.6795+0.060%$22.5M$5.3M3x
Aster AEROUSDT+0.0100%4h0.6793+0.036%$40K$123K10xas long as short
Binance AEROUSDT+0.0100%4h0.6792+0.020%$25.7M$25.1M75xas long as short
Bybit AEROUSDTlong+0.0100%4h0.6791long leg$22.0M$18.1M25x
OKX AERO-USDT-SWAP+0.0100%4h0.6795+0.059%$2.2M$5.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6789−0.029%$1.6M$471K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6794+0.044%$8.3M$1.6M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6790−0.015%$2.2M$1.0M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6786−0.074%$4.0M$1.8M75xas long as short
BingX AERO-USDT+0.0100%4h0.67910.000%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6801+0.146%$1.9M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6789−0.026%$205K$1.4M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6797+0.083%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6792+0.011%$19K$4K15xas long as short
Backpack AERO_USDC_PERP+0.0333%1h0.6802+0.158%$93K$259K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6811+0.295%$933K$590K25xas long as short
01 Exchange AEROUSD+0.0368%1h0.6794+0.047%$184$1013xas long as short
RISEx AERO/USDC+0.0382%1h0.6791−0.001%$195K$482K3xas long as short
Lighter AERO+0.0408%1h0.6805+0.200%$1.3M$507K3xas long as short
GMX AERO/USD [ETH-USDC]L +0.0504% / S −0.0237%1h0.6792+0.017%$88K100xas long as short
Coinbase International AERO-PERP-INTX+0.1984%1h0.6804+0.191%$88K$34K25xas long as short