Funding you earn now, next payment 03:00 UTC+0.0860%/8h= +94.1% APRnext payment +$1.07 per $10,000 · paid last 24h +0.146%
Price spread now: Backpack against Deribit+0.117%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Backpack is 0.117% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit AERO_USDC-PERPETUAL | 0.6911 | 0.0184 | pay 0.0023% / 1h | 17m 34s | $55K | $11K | 10x |
| Short | Backpack AERO_USDC_PERP | 0.6919 | 0.1044 | get 0.0130% / 1h | 17m 34s | $113K | $292K | 15x |
Deribit AERO_USDC-PERPETUAL
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- $180.51
- Price spread: +0.117% → 0.000%
- $11.72
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $175.23
- Costs to cover
- 0.170%
- Break-even
- 0.2 days
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 46 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 46 min ago | 0.07 bp | 25.9 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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 | −0.130% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6918 | +0.103% | $39K | $116K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6918 | +0.105% | $26.2M | $24.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6914 | +0.043% | $22.5M | $18.4M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6916 | +0.072% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6909 | −0.029% | $1.6M | $486K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6917 | +0.087% | $8.3M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6915 | +0.058% | $2.1M | $931K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6909 | −0.029% | $4.1M | $1.9M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6912 | +0.014% | — | $1.7M | — | as long as short |
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AERO | +0.0100% | 4h | 0.6917 | +0.083% | $2.0M | $1.3M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6915 | +0.057% | $208K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6908 | −0.050% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUALlong | +0.0184% | 1h | 0.6911 | long leg | $55K | $11K | 10x | |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6907 | −0.061% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6906 | −0.072% | $940K | $608K | 25x | as long as short |
| Hyperliquid AERO | +0.0394% | 1h | 0.6921 | +0.149% | $23.3M | $5.1M | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0456% | 1h | 0.6926 | +0.216% | $188 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0506% / S −0.0237% | 1h | 0.6906 | −0.074% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0540% | 1h | 0.6919 | +0.115% | $230K | $414K | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1044% | 1h | 0.6919 | +0.117% | $113K | $292K | 15x | |
| Lighter AERO | +0.1320% | 1h | 0.6932 | +0.308% | $1.3M | $502K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +1.0840% | 1h | 0.6883 | −0.405% | $90K | $36K | 25x | as long as short |
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
Hyperliquid AERO
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX