Funding you earn now, next payment 02:00 UTC−0.0580%/8h= −63.5% APRpaid last 24h −0.204%
Price spread now: BingX against Lighter−0.279%7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days−0.816%−$82 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.279%, 7d avg −0.187%
=Together, before fees−0.707%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and BingX is 0.092% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.187%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AERO | 0.6946 | 0.0680 | pay 0.0085% / 1h | 49m 23s | $1.3M | $472K | 3x |
| Short | BingX AERO-USDT | 0.6927 | 0.0100 | get 0.0050% / 4h | 2h 49m | — | $1.8M | — |
Lighter AERO
BingX AERO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$121.8
- Price spread: −0.279% → −0.187%
- −$9.25
- Slippage, 4 orders
- −$48.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$189.06
- Costs to cover
- 0.580%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; BingX: live order book, 13 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 Lighter live order book, 12 min ago | 1.79 bp | 19.2 bp −$19 | 104.5 bp −$1,045 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 2.87 bp | 16.5 bp −$16 | 33.6 bp −$336 | 247.8 bp −$24.8K | 747.8 bp −$373.9K |
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 | 0.0000% | 1h | 0.6929 | −0.250% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.639% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6937 | −0.134% | $23.3M | $4.9M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6926 | −0.300% | $41K | $113K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6929 | −0.250% | $26.3M | $25.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6927 | −0.279% | $22.5M | $19.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6930 | −0.236% | $2.3M | $6.7M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6928 | −0.265% | $1.6M | $488K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6933 | −0.193% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6938 | −0.121% | $2.1M | $934K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit 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 | 0.6932 | −0.207% | $4.1M | $2.0M | 75x | as long as short |
| BingX AERO-USDTshort | +0.0100% | 4h | 0.6927 | −0.279% | — | $1.8M | — | |
| Variational Omni AERO | +0.0100% | 4h | 0.6922 | −0.352% | $2.0M | $1.6M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6933 | −0.199% | $219K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6930 | −0.240% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6932 | −0.212% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6934 | −0.179% | $951K | $686K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0424% | 1h | 0.6943 | −0.046% | $188 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0506% / S −0.0237% | 1h | 0.6924 | −0.320% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0660% | 1h | 0.6934 | −0.180% | $208K | $404K | 3x | as long as short |
| Lighter AEROlong | +0.0680% | 1h | 0.6946 | long leg | $1.3M | $472K | 3x | |
| Backpack AERO_USDC_PERP | +0.1151% | 1h | 0.6944 | −0.032% | $135K | $268K | 15x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3256% | 1h | 0.7407 | +6.631% | $97K | $38K | 25x | as long as short |
Bitget AEROUSDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Backpack AERO_USDC_PERP
Coinbase International AERO-PERP-INTX