Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.028%
Price spread now: Injective against Bybit+0.276%7-day average +0.858% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 3 days (all we have)−5.561%−$556 · spread now +0.276%, 7d avg +0.858%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 0.582% cheaper against Bybit than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of +0.858%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AEROUSDT | 0.6872 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $21.8M | $20.5M | 25x |
| Short | Injective AERO/USDC PERP | 0.6891 | 0.0052 | get 0.0007% / 1h | 33m 00s | $4 | $166K | 5.5x |
Bybit AEROUSDT
Injective AERO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$9.99
- Price spread: +0.276% → +0.858%
- −$58.16
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$79.18
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 Bybit live order book, 1 min ago | 0.73 bp | 12.9 bp −$13 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0186% | 1h | 0.6871 | −0.015% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERPshort | +0.0052% | 1h | 0.6891 | +0.276% | $4 | $166K | 5.5x | |
| Hyperliquid AERO | +0.0100% | 1h | 0.6874 | +0.029% | $23.1M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6874 | +0.029% | $38K | $108K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6871 | −0.015% | $25.4M | $25.6M | 75x | as long as short |
| Bybit AEROUSDTlong | +0.0100% | 4h | 0.6872 | long leg | $21.8M | $20.5M | 25x | |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6872 | 0.000% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6868 | −0.058% | $1.6M | $562K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6871 | −0.015% | $8.1M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6867 | −0.073% | $2.2M | $860K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Binance 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 | 0.6868 | −0.058% | $4.1M | $2.2M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6873 | +0.015% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6866 | −0.084% | $1.9M | $1.6M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6870 | −0.022% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6871 | −0.022% | $46K | — | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0216% | 1h | 0.6875 | +0.039% | $186 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6870 | −0.026% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6876 | +0.058% | $910K | $701K | 25x | as long as short |
| Backpack AERO_USDC_PERP | +0.0443% | 1h | 0.6878 | +0.093% | $101K | $313K | 15x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0229% | 1h | 0.6870 | −0.024% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0530% | 1h | 0.6876 | +0.064% | $221K | $374K | 3x | as long as short |
| Lighter AERO | +0.0808% | 1h | 0.6888 | +0.228% | $1.3M | $492K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1488% | 1h | 0.6869 | −0.044% | $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
BloFin AERO-USDT
Backpack AERO_USDC_PERP
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX