Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0354%/8h= −38.8% APRpaid last 24h +0.037%

Price spread now: KuCoin against Deribit+0.169%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. KuCoin is 0.169% dearer against Deribit than usual: you sell high and buy low (spread +0.169% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.7109	0.0454	pay 0.0057% / 1h	2m 10s	$56K	$684	10x
Short	KuCoin AEROUSDTM	0.7121	0.0100	get 0.0050% / 4h	3h 02m	$2.0M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$74.34
Price spread: +0.169% → 0.000%: $16.88
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.46
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	4.91 bp	105.0 bp −$105	560.2 bp −$5,602	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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.7590	+6.766%	$96K	$43K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−2.912%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7119	+0.137%	$43K	$126K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7111	+0.028%	$27.0M	$25.9M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.7108	−0.014%	$23.6M	$19.3M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7111	+0.028%	$2.4M	$5.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7111	+0.028%	$1.7M	$508K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7111	+0.028%	$8.6M	$1.5M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.7121	+0.169%	$2.0M	$1.2M	50x
Bitget AEROUSDT	+0.0100%	4h	0.7105	−0.056%	$4.2M	$1.9M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.7108	−0.014%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7126	+0.244%	$2.0M	$1.1M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7105	−0.051%	$216K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7106	−0.042%	$48K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7106	−0.046%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7128	+0.267%	$975K	$582K	25x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0454%	1h	0.7109	long leg	$56K	$684	10x
RISEx AERO/USDC	+0.0503%	1h	0.7132	+0.328%	$235K	$600K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0515% / S −0.0247%	1h	0.7102	−0.105%	$91K	—	100x	as long as short
01 Exchange AEROUSD	+0.0880%	1h	0.7121	+0.167%	$193	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0884%	1h	0.7138	+0.414%	$102K	$249K	15x	as long as short
Hyperliquid AERO	+0.1251%	1h	0.7121	+0.174%	$23.4M	$6.1M	3x	as long as short
Lighter AERO	+0.1664%	1h	0.7125	+0.229%	$1.3M	$410K	3x	as long as short