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

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.185%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days+0.140%+$14 · spread now −0.185%, 7d avg −0.029%
Together, before fees+0.152%+$15 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: Bybit is 0.156% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AEROUSDTM0.70400.0100pay 0.0050% / 4h3h 10m$2.2M$934K50x
ShortBybit AEROUSDT0.70270.0100get 0.0050% / 4h3h 10m$22.7M$20.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.185% → −0.029%
−$15.57
Slippage, 4 orders
−$85.13
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$123.71
Costs to cover
1.081%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 4 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, 1 min ago8.54 bp37.0 bp −$37313.9 bp −$3,139doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.71 bp13.4 bp −$1333.4 bp −$334doesn'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%1h0.6902−1.960%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUAL+0.0034%1h0.7032−0.114%$56K$11K10xas long as short
Aster AEROUSDT+0.0100%4h0.7032−0.116%$42K$113K10xas long as short
Binance AEROUSDT+0.0100%4h0.7036−0.057%$26.8M$25.9M75xas long as short
Bybit AEROUSDTshort+0.0100%4h0.7027−0.185%$22.7M$20.2M25x
OKX AERO-USDT-SWAP+0.0100%4h0.7028−0.170%$2.4M$6.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.7032−0.114%$1.6M$502K75xas long as short
MEXC AERO_USDT+0.0100%4h0.7033−0.099%$8.4M$1.7M100xas long as short
KuCoin AEROUSDTMlong+0.0100%4h0.7040long leg$2.2M$934K50x
Bitget AEROUSDT+0.0100%4h0.7031−0.128%$4.2M$2.1M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.7033−0.099%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.7016−0.336%$2.0M$1.7Mas long as short
Extended AERO-USD+0.0104%1h0.7031−0.129%$218K$2.0M10xas long as short
Aevo AERO-PERP+0.0104%1h0.7027−0.178%$47K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.7038−0.022%$20K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.7007−0.469%$949K$701K25xas long as short
01 Exchange AEROUSD+0.0464%1h0.7050+0.142%$191$1113xas long as short
GMX AERO/USD [ETH-USDC]L +0.0513% / S −0.0240%1h0.7034−0.087%$92K100xas long as short
RISEx AERO/USDC+0.0687%1h0.7037−0.044%$234K$400K3xas long as short
Hyperliquid AERO+0.0900%1h0.7047+0.099%$23.8M$5.0M3xas long as short
Backpack AERO_USDC_PERP+0.1416%1h0.7044+0.057%$135K$293K15xas long as short
Lighter AERO+0.1672%1h0.7047+0.105%$1.3M$464K3xas long as short
Coinbase International AERO-PERP-INTX+0.3896%1h0.7002−0.540%$92K$36K25xas long as short