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

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h +0.217%
Price spread now: Lighter against KuCoin+0.206%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.889%+$89 on $10k
Price spread, last 7 days−0.144%−$14 · spread now +0.206%, 7d avg +0.107%
Together, before fees+0.745%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Lighter is 0.099% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.107%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AEROUSDTM0.68910.0100pay 0.0050% / 4h3h 26m$2.1M$930K50x
ShortLighter AERO0.69050.0984get 0.0123% / 1h26m 53s$1.3M$488K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$185.64
Price spread: +0.206% → +0.107%
$9.92
Slippage, 4 orders
−$107.34
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$76.22
Costs to cover
1.193%
Break-even
4.1 days
Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 9 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, 5 min ago10.84 bp46.8 bp −$47372.5 bp −$3,725doesn't fitdoesn't fit
Sell Lighter live order book, 9 min ago3.61 bp6.2 bp −$661.5 bp −$615doesn'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+0.160%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUAL+0.0040%1h0.6889−0.029%$55K$11K10xas long as short
Hyperliquid AERO+0.0100%1h0.6900+0.125%$23.0M$5.1M3xas long as short
Aster AEROUSDT+0.0100%4h0.6897+0.092%$40K$118K10xas long as short
Binance AEROUSDT+0.0100%4h0.6890−0.008%$26.2M$24.8M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6889−0.029%$22.4M$18.0M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6896+0.073%$2.3M$5.9M20xas long as short
Gate AERO_USDT+0.0100%4h0.68910.000%$1.6M$463K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6890−0.015%$8.3M$1.5M100xas long as short
KuCoin AEROUSDTMlong+0.0100%4h0.6891long leg$2.1M$930K50x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6889−0.029%$4.0M$1.8M75xas long as short
BingX AERO-USDT+0.0100%4h0.6892+0.015%$1.7Mas long as short
Variational Omni AERO+0.0100%4h0.6915+0.352%$2.0M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6889−0.036%$210K$2.0M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6888−0.049%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6889−0.026%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6889−0.029%$943K$571K25xas long as short
01 Exchange AEROUSD+0.0488%1h0.6895+0.055%$187$1013xas long as short
GMX AERO/USD [ETH-USDC]L +0.0507% / S −0.0237%1h0.6887−0.061%$90K100xas long as short
RISEx AERO/USDC+0.0658%1h0.6890−0.009%$198K$461K3xas long as short
Lighter AEROshort+0.0984%1h0.6905+0.206%$1.3M$488K3x
Backpack AERO_USDC_PERP+0.1086%1h0.6898+0.103%$114K$248K15xas long as short
Coinbase International AERO-PERP-INTX+0.3376%1h0.6901+0.145%$90K$34K25xas long as short