Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.087%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.087%, 7d avg +0.010%

Together, before fees−0.077%−$8 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: OKX is 0.077% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AEROUSDT	0.6899	0.0100	pay 0.0050% / 4h	2h 24m	$22.4M	$19.4M	25x
Short	OKX AERO-USDT-SWAP	0.6905	0.0100	get 0.0050% / 4h	2h 24m	$2.3M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.010%: $7.74
Slippage, 4 orders: −$35.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.07
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 4 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 Bybit live order book, 4 min ago	1.45 bp	12.8 bp −$13	31.3 bp −$313	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.90 bp	15.6 bp −$16	39.6 bp −$396	doesn't fit	doesn't fit

AERO on 22 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	+0.043%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6900	+0.014%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6903	+0.061%	$23.3M	$5.3M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6902	+0.044%	$39K	$118K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6902	+0.037%	$26.2M	$25.9M	75x	as long as short
Bybit AEROUSDTlong	+0.0100%	4h	0.6899	long leg	$22.4M	$19.4M	25x
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6905	+0.087%	$2.3M	$6.7M	20x
Gate AERO_USDT	+0.0100%	4h	0.6900	+0.014%	$1.6M	$506K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6902	+0.043%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6907	+0.116%	$2.1M	$931K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6903	+0.058%	$4.0M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6904	+0.072%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6905	+0.092%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6899	+0.007%	$207K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6897	−0.022%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6900	+0.016%	$19K	$4K	15x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6906	+0.097%	$187	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0505% / S −0.0237%	1h	0.6896	−0.047%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6903	+0.057%	$211K	$402K	3x	as long as short
Lighter AERO	+0.1024%	1h	0.6922	+0.329%	$1.3M	$498K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1170%	1h	0.6915	+0.238%	$129K	$281K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7379	+6.958%	$97K	$38K	25x	as long as short