Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.054%

Price spread now: Reya against Gate−0.035%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Reya

What this pair did over the last

the charts below follow

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.6888	0.0100	pay 0.0050% / 4h	1h 10m	$1.6M	$533K	75x
Short	Reya AERORUSDPERP	0.6886	0.0228	get 0.0029% / 1h	10m 15s	$19K	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.035%Rate

Funding earned: $26.92
Price spread: −0.035% → 0.000%: −$3.53
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.39
Costs to cover: 0.210%
Break-even: 6.4 days

Slippage unknown: Gate: live order book, 2 min ago; Reya: 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	2.18 bp	31.5 bp −$32	216.1 bp −$2,161	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Deribit AERO_USDC-PERPETUAL	−0.0040%	1h	0.6886	−0.029%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6891	+0.041%	$23.2M	$5.5M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6891	+0.038%	$39K	$109K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6887	−0.008%	$25.5M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6888	0.000%	$22.0M	$20.5M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6889	+0.015%	$2.3M	$6.8M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.6888	long leg	$1.6M	$533K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6889	+0.015%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6887	−0.015%	$2.1M	$904K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6887	−0.015%	$4.1M	$2.1M	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	0.6888	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6892	+0.059%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6885	−0.042%	$202K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6890	+0.025%	$46K	—	3x	as long as short
Injective AERO/USDC PERP	+0.0175%	1h	0.6902	+0.203%	$4	$209K	5.5x	as long as short
01 Exchange AEROUSD	+0.0216%	1h	0.6892	+0.058%	$187	$115	3x	as long as short
Reya AERORUSDPERPshort	+0.0228%	1h	0.6886	−0.035%	$19K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.6896	+0.116%	$912K	$695K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0502% / S −0.0223%	1h	0.6886	−0.030%	$92K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0525%	1h	0.6899	+0.155%	$102K	$314K	15x	as long as short
RISEx AERO/USDC	+0.0676%	1h	0.6893	+0.067%	$211K	$368K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.0736%	1h	0.6878	−0.145%	$91K	$32K	25x	as long as short
Lighter AERO	+0.0872%	1h	0.6906	+0.263%	$1.3M	$464K	3x	as long as short