Funding you earn now, next payment 05:00 UTC−0.0761%/8h= −83.3% APRnext payment −$0.95 per $10,000 · paid last 24h −0.266%
Price spread now: Deribit against Lighter−0.289%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Deribit is 0.289% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AERO | 0.6956 | 0.1088 | pay 0.0136% / 1h | 55m 48s | $1.3M | $487K | 3x |
| Short | Deribit AERO_USDC-PERPETUAL | 0.6936 | 0.0327 | get 0.0041% / 1h | 55m 48s | $55K | $11K | 10x |
Lighter AERO
Deribit AERO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$159.81
- Price spread: −0.289% → 0.000%
- −$28.9
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$195.71
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.
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, 5 min ago | 3.38 bp | 23.5 bp −$23 | 110.0 bp −$1,100 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.778% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6941 | −0.221% | $23.2M | $5.1M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6938 | −0.260% | $40K | $118K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6940 | −0.226% | $26.4M | $24.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6942 | −0.203% | $22.5M | $18.1M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6949 | −0.102% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6934 | −0.318% | $1.6M | $461K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6938 | −0.260% | $8.3M | $1.5M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6937 | −0.275% | $2.1M | $926K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6932 | −0.346% | $4.1M | $1.8M | 75x | as long as short |
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6936 | −0.289% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6935 | −0.299% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6932 | −0.344% | $211K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6931 | −0.366% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6928 | −0.402% | $19K | $4K | 15x | as long as short |
| Deribit AERO_USDC-PERPETUALshort | +0.0327% | 1h | 0.6936 | −0.289% | $55K | $11K | 10x | |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6936 | −0.289% | $946K | $575K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0508% / S −0.0237% | 1h | 0.6930 | −0.381% | $90K | — | 100x | as long as short |
| 01 Exchange AEROUSD | +0.0656% | 1h | 0.6936 | −0.286% | $188 | $101 | 3x | as long as short |
| RISEx AERO/USDC | +0.0658% | 1h | 0.6930 | −0.370% | $216K | $453K | 3x | as long as short |
| Lighter AEROlong | +0.1088% | 1h | 0.6956 | long leg | $1.3M | $487K | 3x | |
| Backpack AERO_USDC_PERP | +0.1135% | 1h | 0.6943 | −0.191% | $115K | $289K | 15x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3376% | 1h | 0.7045 | +1.278% | $92K | $36K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
01 Exchange AEROUSD
RISEx AERO/USDC
Backpack AERO_USDC_PERP
Coinbase International AERO-PERP-INTX