Settings8H · net · $10k
Funding arb · Price arb /

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.248%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1201.195% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 7 days−0.212%−$21 · spread now +0.248%, 7d avg −0.051%
Together, before fees−0.164%−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.299% dearer against KuCoin than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AEROUSDTM0.68460.0100pay 0.0050% / 4h2h 57m$2.1M$1.0M50x
ShortBitget AEROUSDT0.68630.0100get 0.0050% / 4h2h 57m$4.0M$1.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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

Funding earned
$0
Price spread: +0.248% → −0.051%
$29.93
Slippage, 4 orders
−$95.52
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$89.59
Costs to cover
1.195%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago9.50 bp44.9 bp −$45355.1 bp −$3,551doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago3.65 bp18.6 bp −$1949.8 bp −$498doesn't fitdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AERO/USDC PERP+0.0033%1h0.6902+0.818%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUAL+0.0042%1h0.6860+0.204%$54K$11K10xas long as short
Hyperliquid AERO+0.0100%1h0.6862+0.229%$22.8M$5.2M3xas long as short
Aster AEROUSDT+0.0100%4h0.6857+0.163%$40K$122K10xas long as short
Binance AEROUSDT+0.0100%4h0.6863+0.248%$26.0M$25.0M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6857+0.161%$22.2M$18.0M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6864+0.263%$2.3M$5.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6850+0.058%$1.6M$464K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6863+0.248%$8.3M$1.5M100xas long as short
KuCoin AEROUSDTMlong+0.0100%4h0.6846long leg$2.1M$1.0M50x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDTshort+0.0100%4h0.6863+0.248%$4.0M$1.8M75x
BingX AERO-USDT+0.0100%4h0.6857+0.161%$1.7Mas long as short
Variational Omni AERO+0.0100%4h0.6841−0.069%$2.0M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6859+0.192%$210K$1.4M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6859+0.196%$46K3xas long as short
Backpack AERO_USDC_PERP+0.0225%1h0.6846+0.001%$94K$259K15xas long as short
Reya AERORUSDPERP+0.0228%1h0.6862+0.236%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6844−0.029%$941K$588K25xas long as short
RISEx AERO/USDC+0.0382%1h0.6859+0.186%$199K$472K3xas long as short
01 Exchange AEROUSD+0.0384%1h0.6863+0.245%$186$1013xas long as short
Lighter AERO+0.0488%1h0.6873+0.391%$1.3M$504K3xas long as short
GMX AERO/USD [ETH-USDC]L +0.0506% / S −0.0237%1h0.6858+0.179%$89K100xas long as short
Coinbase International AERO-PERP-INTX+0.1984%1h0.6458−5.668%$84K$32K25xas long as short