Funding you earn now, next payment 04:00 UTC−0.2313%/8h= −253.2% APRnext payment −$2.89 per $10,000 · paid last 24h −0.614%
Price spread now: Backpack against Coinbase International−0.284%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.306%−$431 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and Backpack is 0.284% cheaper against Coinbase International than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AERO-PERP-INTX | 0.6909 | 0.3376 | pay 0.0422% / 1h | 13m 25s | $90K | $34K | 25x |
| Short | Backpack AERO_USDC_PERP | 0.6889 | 0.1063 | get 0.0133% / 1h | 13m 25s | $97K | $258K | 15x |
Coinbase International AERO-PERP-INTX
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$485.65
- Price spread: −0.284% → 0.000%
- −$28.37
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$534.01
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Backpack: live order book, 40 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 40 min ago | 0.07 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.101% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6890 | −0.271% | $23.0M | $5.1M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6890 | −0.275% | $40K | $119K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6882 | −0.384% | $26.1M | $24.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6883 | −0.376% | $22.3M | $18.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6883 | −0.376% | $2.3M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6886 | −0.333% | $1.6M | $464K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6881 | −0.405% | $8.3M | $1.5M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6892 | −0.246% | $2.1M | $930K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6881 | −0.405% | $4.0M | $1.8M | 75x | as long as short |
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6883 | −0.376% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6893 | −0.227% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6881 | −0.401% | $213K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6882 | −0.396% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0186% | 1h | 0.6882 | −0.391% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6879 | −0.429% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6903 | −0.087% | $943K | $582K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0464% | 1h | 0.6887 | −0.318% | $187 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0507% / S −0.0237% | 1h | 0.6881 | −0.407% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0658% | 1h | 0.6883 | −0.376% | $201K | $471K | 3x | as long as short |
| Lighter AERO | +0.1008% | 1h | 0.6896 | −0.190% | $1.3M | $492K | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1063% | 1h | 0.6889 | −0.284% | $97K | $258K | 15x | |
| Coinbase International AERO-PERP-INTXlong | +0.3376% | 1h | 0.6909 | long leg | $90K | $34K | 25x |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO