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

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0393%/8h= +43.1% APRnext payment +$0.49 per $10,000 · paid last 24h −0.741%
Price spread now: Injective against Coinbase International−0.130%7-day average · you buy dearer than you sell
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−4.521%−$452 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Injective is 0.130% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 26 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −4.521%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AERO-PERP-INTX0.6911−0.0360get 0.0045% / 1h42m 46s$88K$37K25x
ShortInjective AERO/USDC PERP0.69020.0033get 0.0004% / 1h42m 46s$4$209K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$82.6
Price spread: −0.130% → 0.000%
−$13.02
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$59.56
Costs to cover
0.100%
Break-even
2.0 days
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Injective no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International AERO-PERP-INTXlong−0.0360%1h0.6911long leg$88K$37K25x
Injective AERO/USDC PERPshort+0.0033%1h0.6902−0.130%$4$209K5.5x
Aster AEROUSDT+0.0100%4h0.6901−0.145%$42K$128K10xas long as short
Binance AEROUSDT+0.0100%4h0.6900−0.165%$26.0M$25.2M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6895−0.232%$22.5M$18.0M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6905−0.087%$2.3M$5.9M20xas long as short
Gate AERO_USDT+0.0100%4h0.6892−0.275%$1.6M$477K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6897−0.203%$8.4M$1.4M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6902−0.130%$2.0M$1.1M50xas long as short
Bitget AEROUSDT+0.0100%4h0.6896−0.217%$4.0M$1.9M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.6900−0.159%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6908−0.041%$2.0M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6894−0.251%$204K$1.4M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6895−0.231%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6898−0.187%$19K$4K15xas long as short
Hyperliquid AERO+0.0291%1h0.6904−0.095%$22.8M$5.3M3xas long as short
BloFin AERO-USDT+0.0340%4h0.6900−0.159%$939K$583K25xas long as short
RISEx AERO/USDC+0.0416%1h0.6900−0.152%$209K$528K3xas long as short
Deribit AERO_USDC-PERPETUAL+0.0476%1h0.6894−0.246%$55K$11K10xas long as short
01 Exchange AEROUSD+0.0512%1h0.6905−0.080%$187$1013xas long as short
GMX AERO/USD [ETH-USDC]L +0.0518% / S −0.0255%1h0.6894−0.243%$90K100xas long as short
Backpack AERO_USDC_PERP+0.0703%1h0.6902−0.127%$93K$260K15xas long as short
Lighter AERO+0.0936%1h0.6915+0.062%$1.3M$394K3xas long as short