Funding you earn now, next payment 23:00 UTC−0.0768%/8h= −84.1% APRnext payment −$0.96 per $10,000 · paid last 24h −0.174%
Price spread now: Extended against Lighter−0.250%7-day average −0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days−0.774%−$77 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.250%, 7d avg −0.219%
=Together, before fees−0.661%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$66 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Extended is 0.031% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.219%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AERO | 0.6911 | 0.0872 | pay 0.0109% / 1h | 9m 00s | $1.3M | $464K | 3x |
| Short | Extended AERO-USD | 0.6893 | 0.0104 | get 0.0013% / 1h | 9m 00s | $202K | $1.3M | 10x |
Lighter AERO
Extended AERO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$161.28
- Price spread: −0.250% → −0.219%
- −$3.12
- Slippage, 4 orders
- −$53.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$223.03
- Costs to cover
- 0.586%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Extended: live order book, 4 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, 2 min ago | 6.08 bp | 13.8 bp −$14 | 123.1 bp −$1,231 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 2.47 bp | 15.8 bp −$16 | 116.9 bp −$1,169 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | −0.0040% | 1h | 0.6892 | −0.269% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6898 | −0.181% | $23.2M | $5.3M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6891 | −0.280% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6895 | −0.228% | $25.5M | $25.3M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6892 | −0.269% | $22.0M | $20.5M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6899 | −0.168% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6888 | −0.327% | $1.6M | $533K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6893 | −0.255% | $8.2M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6888 | −0.327% | $2.1M | $904K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6890 | −0.298% | $4.1M | $2.1M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
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 | 0.6892 | −0.269% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6892 | −0.268% | $2.0M | $1.7M | — | as long as short |
| Extended AERO-USDshort | +0.0104% | 1h | 0.6893 | −0.250% | $202K | $1.3M | 10x | |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6893 | −0.261% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | −0.124% | $4 | $209K | 5.5x | as long as short |
| 01 Exchange AEROUSD | +0.0216% | 1h | 0.6897 | −0.190% | $187 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6893 | −0.254% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6892 | −0.269% | $912K | $694K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0223% | 1h | 0.6892 | −0.264% | $92K | — | 100x | as long as short |
| Backpack AERO_USDC_PERP | +0.0524% | 1h | 0.6901 | −0.142% | $102K | $314K | 15x | as long as short |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6896 | −0.217% | $211K | $368K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6878 | −0.472% | $91K | $32K | 25x | as long as short |
| Lighter AEROlong | +0.0872% | 1h | 0.6911 | long leg | $1.3M | $464K | 3x |
BingX AERO-USDT
Variational Omni AERO
Aevo AERO-PERP
Injective AERO/USDC PERP
01 Exchange AEROUSD
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
Backpack AERO_USDC_PERP
RISEx AERO/USDC
Coinbase International AERO-PERP-INTX