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

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0600%/8h= −65.7% APRnext payment $0.75 per $10,000 · paid last 24h −0.136%
Price spread now: 01 Exchange against Lighter−0.069%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno 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 −$18 a day on $10k at the current rate, and 01 Exchange is 0.069% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AERO0.69180.0872pay 0.0109% / 1h21m 49s$1.3M$495K3x
Short01 Exchange AEROUSD0.69140.0272get 0.0034% / 1h21m 49s$187$1153x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Lighter. 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
−$126
Price spread: −0.069% → 0.000%
−$6.94
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$139.94
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago5.14 bp14.1 bp −$14105.7 bp −$1,057doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AERO_USDC-PERPETUAL0.0000%1h0.6903−0.221%$55K$11K10xas long as short
Injective AERO/USDC PERP+0.0052%1h0.6891−0.395%$4$166K5.5xas long as short
Hyperliquid AERO+0.0100%1h0.6904−0.211%$23.2M$5.7M3xas long as short
Aster AEROUSDT+0.0100%4h0.6892−0.377%$39K$108K10xas long as short
Binance AEROUSDT+0.0100%4h0.6906−0.178%$25.6M$25.6M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6902−0.236%$21.9M$20.5M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6905−0.192%$2.3M$6.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6900−0.265%$1.6M$563K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6904−0.207%$8.2M$1.6M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6902−0.236%$2.2M$860K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6901−0.250%$4.1M$2.2M75xas long as short
BingX AERO-USDT+0.0100%4h0.6900−0.265%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6890−0.413%$1.9M$1.7Mas long as short
Extended AERO-USD+0.0104%1h0.6901−0.255%$201K$1.3M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6900−0.260%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6901−0.254%$19K$4K15xas long as short
01 Exchange AEROUSDshort+0.0272%1h0.6914−0.069%$187$1153x
BloFin AERO-USDT+0.0340%4h0.6895−0.337%$912K$687K25xas long as short
Backpack AERO_USDC_PERP+0.0472%1h0.6908−0.143%$102K$313K15xas long as short
GMX AERO/USD [ETH-USDC]L +0.0502% / S −0.0229%1h0.6899−0.277%$91K100xas long as short
RISEx AERO/USDC+0.0530%1h0.6905−0.193%$225K$375K3xas long as short
Lighter AEROlong+0.0872%1h0.6918long leg$1.3M$495K3x
Coinbase International AERO-PERP-INTX+0.1488%1h0.6895−0.337%$92K$23K25xas long as short