Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.026%

Price spread now: Injective against Gate−1.918%7-day average +0.865% · you buy dearer than you sell

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−2.128%−$213 · spread now −1.918%, 7d avg +0.865%

Together, before fees−2.232%−$223 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.784% cheaper against Gate than usual: you would sell low and buy high (−$278 if the spread goes back to its 7-day average of +0.865%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.7037	0.0100	pay 0.0050% / 4h	30m 51s	$1.6M	$535K	75x
Short	Injective AERO/USDC PERP	0.6902	0.0033	get 0.0004% / 1h	30m 51s	$4	$209K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee InjectivebpOrdersPrice spread, now −1.918%Rate

Funding earned: −$14
Price spread: −1.918% → +0.865%: −$278.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$307.41
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	4.97 bp	28.6 bp −$29	213.4 bp −$2,134	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AERO/USDC PERPshort	+0.0033%	1h	0.6902	−1.918%	$4	$209K	5.5x
Deribit AERO_USDC-PERPETUAL	+0.0034%	1h	0.7040	+0.043%	$56K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7047	+0.147%	$41K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7043	+0.085%	$26.5M	$26.4M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.7038	+0.014%	$22.8M	$21.7M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7041	+0.057%	$2.3M	$7.1M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.7037	long leg	$1.6M	$535K	75x
MEXC AERO_USDT	+0.0100%	4h	0.7038	+0.014%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7039	+0.028%	$2.2M	$935K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.7038	+0.014%	$4.1M	$2.2M	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	0.7041	+0.057%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7041	+0.060%	$2.1M	$1.8M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7039	+0.022%	$218K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7039	+0.031%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7042	+0.077%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7040	+0.043%	$944K	$717K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0514% / S −0.0250%	1h	0.7040	+0.037%	$91K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.7530	+7.006%	$100K	$35K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.7048	+0.160%	$239K	$392K	3x	as long as short
Hyperliquid AERO	+0.0621%	1h	0.7052	+0.210%	$23.7M	$5.4M	3x	as long as short
01 Exchange AEROUSD	+0.0720%	1h	0.7053	+0.230%	$191	$111	3x	as long as short
Backpack AERO_USDC_PERP	+0.1047%	1h	0.7047	+0.148%	$105K	$316K	15x	as long as short
Lighter AERO	+0.1928%	1h	0.7060	+0.321%	$1.3M	$461K	3x	as long as short