Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h +0.028%
Price spread now: Bybit against Injective−0.319%48s7-day average −0.858% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)+5.604%+$560 · spread now −0.319%, 7d avg −0.858%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.539% dearer against Injective than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of −0.858%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AERO/USDC PERP | 0.6891 | 0.0052 | pay 0.0007% / 1h | 46m 37s | $4 | $166K | 5.5x |
| Short | Bybit AEROUSDT | 0.6869 | 0.0100 | get 0.0050% / 4h | 2h 46m | $21.8M | $20.5M | 25x |
Injective AERO/USDC PERP
Bybit AEROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $9.99
- Price spread: −0.319% → −0.858%
- $53.89
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $52.86
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.73 bp | 17.5 bp −$17 | 46.7 bp −$467 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | −0.0187% | 1h | 0.6868 | −0.334% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERPlong | +0.0052% | 1h | 0.6891 | long leg | $4 | $166K | 5.5x | |
| Hyperliquid AERO | +0.0100% | 1h | 0.6870 | −0.305% | $23.1M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6873 | −0.254% | $38K | $108K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6868 | −0.330% | $25.4M | $25.6M | 75x | as long as short |
| Bybit AEROUSDTshort | +0.0100% | 4h | 0.6869 | −0.319% | $21.8M | $20.5M | 25x | |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6871 | −0.290% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6867 | −0.348% | $1.6M | $561K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6869 | −0.319% | $8.1M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6868 | −0.334% | $2.2M | $862K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6865 | −0.377% | $4.1M | $2.2M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6866 | −0.363% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6860 | −0.449% | $1.8M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6867 | −0.342% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6868 | −0.334% | $46K | — | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0192% | 1h | 0.6873 | −0.260% | $186 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6867 | −0.346% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6869 | −0.319% | $914K | $702K | 25x | as long as short |
| Backpack AERO_USDC_PERP | +0.0476% | 1h | 0.6874 | −0.250% | $101K | $313K | 15x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0501% / S −0.0229% | 1h | 0.6867 | −0.350% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0530% | 1h | 0.6874 | −0.246% | $219K | $381K | 3x | as long as short |
| Lighter AERO | +0.0696% | 1h | 0.6884 | −0.102% | $1.3M | $492K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1488% | 1h | 0.6869 | −0.319% | $91K | $18K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
01 Exchange AEROUSD
Reya AERORUSDPERP
BloFin AERO-USDT
Backpack AERO_USDC_PERP
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX