Funding you earn now, next payment 23:00 UTC+0.0505%/8h= +55.3% APRnext payment +$0.63 per $10,000 · paid last 24h +0.056%
Price spread now: Backpack against Extended+0.050%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.050%, 7d avg +0.071%
=Together, before fees+0.251%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.022% cheaper against Extended than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.071%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.236% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.236% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended AERO-USD | 0.6906 | 0.0104 | pay 0.0013% / 1h | 55m 32s | $201K | $1.3M | 10x |
| Short | Backpack AERO_USDC_PERP | 0.6909 | 0.0609 | get 0.0076% / 1h | 55m 32s | $102K | $313K | 15x |
Extended AERO-USD
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $106.08
- Price spread: +0.050% → +0.071%
- −$2.18
- Slippage, 4 orders
- −$30.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $58.88
- Costs to cover
- 0.450%
- Break-even
- 3.1 days
Slippage from Extended: live order book, 3 min ago; Backpack: live order book, 28 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 Extended live order book, 3 min ago | 1.75 bp | 15.9 bp −$16 | 117.6 bp −$1,176 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 28 min ago | 0.07 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | −0.0185% | 1h | 0.6901 | −0.068% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6914 | +0.116% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6901 | −0.062% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6907 | +0.024% | $25.6M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6908 | +0.034% | $22.0M | $20.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6912 | +0.092% | $2.3M | $6.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6902 | −0.053% | $1.6M | $522K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6910 | +0.063% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6909 | +0.048% | $2.1M | $839K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6907 | +0.019% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
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 | 0.6905 | −0.010% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6884 | −0.317% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USDlong | +0.0104% | 1h | 0.6906 | long leg | $201K | $1.3M | 10x | |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6901 | −0.068% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | −0.053% | $4 | $209K | 5.5x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6910 | +0.067% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0264% | 1h | 0.6917 | +0.158% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6885 | −0.299% | $915K | $693K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0503% / S −0.0223% | 1h | 0.6899 | −0.104% | $92K | — | 100x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.0609% | 1h | 0.6909 | +0.050% | $102K | $313K | 15x | |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6909 | +0.046% | $214K | $379K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6979 | +1.062% | $93K | $33K | 25x | as long as short |
| Lighter AERO | +0.0912% | 1h | 0.6919 | +0.191% | $1.3M | $464K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Aevo AERO-PERP
Injective AERO/USDC PERP
Reya AERORUSDPERP
01 Exchange AEROUSD
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Coinbase International AERO-PERP-INTX
Lighter AERO