Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.174%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1121.122% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.125%−$13 · spread now +0.174%, 7d avg −0.013%

Together, before fees−0.092%−$9 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: OKX is 0.186% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AEROUSDTM	0.6902	0.0100	pay 0.0050% / 4h	3h 27m	$2.0M	$1.1M	50x
Short	OKX AERO-USDT-SWAP	0.6914	0.0100	get 0.0050% / 4h	3h 27m	$2.3M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → −0.013%: $18.64
Slippage, 4 orders: −$90.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$93.6
Costs to cover: 1.122%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; OKX: live order book, 5 min ago.

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 KuCoin live order book, 9 min ago	3.60 bp	41.2 bp −$41	348.4 bp −$3,484	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.17 bp	14.3 bp −$14	45.7 bp −$457	doesn't fit	doesn't fit

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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.6914	+0.174%	$88K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	0.000%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6909	+0.105%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6909	+0.101%	$26.0M	$24.9M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6906	+0.058%	$22.6M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6914	+0.174%	$2.3M	$5.7M	20x
Gate AERO_USDT	+0.0100%	4h	0.6901	−0.014%	$1.6M	$468K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6904	+0.029%	$8.5M	$1.4M	100x	as long as short
KuCoin AEROUSDTMlong	+0.0100%	4h	0.6902	long leg	$2.0M	$1.1M	50x
Bitget AEROUSDT	+0.0100%	4h	0.6907	+0.072%	$4.1M	$1.9M	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	0.6910	+0.116%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6899	−0.045%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6904	+0.033%	$209K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6905	+0.046%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0185%	1h	0.6907	+0.072%	$55K	$11K	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6902	−0.002%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6900	−0.029%	$949K	$558K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6885	−0.248%	$200K	$570K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0519% / S −0.0255%	1h	0.6906	+0.058%	$90K	—	100x	as long as short
01 Exchange AEROUSD	+0.0728%	1h	0.6911	+0.129%	$187	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0766%	1h	0.6904	+0.023%	$94K	$262K	15x	as long as short
Hyperliquid AERO	+0.0874%	1h	0.6916	+0.198%	$22.8M	$5.4M	3x	as long as short
Lighter AERO	+0.1464%	1h	0.6918	+0.235%	$1.3M	$386K	3x	as long as short