Funding you earn now, next payment 23:00 UTC+0.0509%/8h= +55.8% APRpaid last 24h +0.058%
Price spread now: Backpack against Gate+0.190%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.190%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Backpack is 0.120% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.070%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.258% in total (about 13.5% a year). A funding rate is set anew for every payment. 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 | Gate AERO_USDT | 0.6896 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $1.6M | $522K | 75x |
| Short | Backpack AERO_USDC_PERP | 0.6909 | 0.0609 | get 0.0076% / 1h | 56m 09s | $102K | $313K | 15x |
Gate AERO_USDT
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $106.92
- Price spread: +0.190% → +0.070%
- $11.98
- Slippage, 4 orders
- −$48.19
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $45.7
- Costs to cover
- 0.732%
- Break-even
- 4.0 days
Slippage from Gate: live order book, 1 min ago; Backpack: live order book, 27 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 Gate live order book, 1 min ago | 5.08 bp | 32.3 bp −$32 | 212.7 bp −$2,127 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 27 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 | +0.073% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6907 | +0.154% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6899 | +0.049% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6901 | +0.071% | $25.5M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6901 | +0.073% | $21.9M | $20.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6900 | +0.058% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDTlong | +0.0100% | 4h | 0.6896 | long leg | $1.6M | $522K | 75x | |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6900 | +0.058% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6901 | +0.073% | $2.2M | $839K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6896 | 0.000% | $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
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 | 0.6899 | +0.044% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6884 | −0.178% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6900 | +0.057% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6901 | +0.073% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | +0.087% | $4 | $209K | 5.5x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6900 | +0.055% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0240% | 1h | 0.6906 | +0.149% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6885 | −0.160% | $915K | $693K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0503% / S −0.0223% | 1h | 0.6899 | +0.036% | $92K | — | 100x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.0609% | 1h | 0.6909 | +0.190% | $102K | $313K | 15x | |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6905 | +0.136% | $214K | $379K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6979 | +1.204% | $93K | $33K | 25x | as long as short |
| Lighter AERO | +0.0912% | 1h | 0.6916 | +0.294% | $1.3M | $464K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
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