Funding you earn now, next payment 00:00 UTC+0.0718%/8h= +78.7% APRpaid last 24h +0.067%
Price spread now: Backpack against MEXC+0.136%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.136%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Backpack is 0.106% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.250% in total (about 13.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC AERO_USDT | 0.6986 | 0.0100 | pay 0.0050% / 4h | 6m 42s | $8.3M | $1.7M | 100x |
| Short | Backpack AERO_USDC_PERP | 0.6996 | 0.0818 | get 0.0102% / 1h | 6m 42s | $104K | $315K | 15x |
MEXC AERO_USDT
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $150.85
- Price spread: +0.136% → +0.030%
- $10.6
- Slippage, 4 orders
- −$10.27
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $133.17
- Costs to cover
- 0.283%
- Break-even
- 0.8 days
Slippage from MEXC: live order book, 1 min ago; Backpack: live order book, 7 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 MEXC live order book, 1 min ago | 2.15 bp | 7.9 bp −$8 | 29.3 bp −$293 | 140.5 bp −$14.1K | doesn't fit |
| Sell Backpack live order book, 7 min ago | 0.07 bp | 6.1 bp −$6 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −1.202% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0036% | 1h | 0.6988 | +0.029% | $55K | $11K | 10x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6989 | +0.046% | $41K | $117K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6987 | +0.014% | $26.3M | $26.7M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6984 | −0.029% | $22.6M | $22.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6988 | +0.029% | $2.3M | $7.0M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6986 | 0.000% | $1.6M | $541K | 75x | as long as short |
| MEXC AERO_USDTlong | +0.0100% | 4h | 0.6986 | long leg | $8.3M | $1.7M | 100x | |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6988 | +0.029% | $2.2M | $945K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6981 | −0.072% | $4.1M | $2.2M | 75x | as long as short |
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate 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 | 0.6986 | 0.000% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6981 | −0.065% | $2.1M | $1.8M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6988 | +0.034% | $216K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6984 | −0.032% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6985 | −0.021% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6982 | −0.057% | $940K | $737K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0511% / S −0.0240% | 1h | 0.6982 | −0.054% | $92K | — | 100x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0520% | 1h | 0.7460 | +6.785% | $98K | $35K | 25x | as long as short |
| RISEx AERO/USDC | +0.0563% | 1h | 0.6982 | −0.064% | $210K | $406K | 3x | as long as short |
| Hyperliquid AERO | +0.0565% | 1h | 0.6995 | +0.125% | $23.5M | $5.4M | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0568% | 1h | 0.6989 | +0.040% | $189 | $111 | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.0818% | 1h | 0.6996 | +0.136% | $104K | $315K | 15x | |
| Lighter AERO | +0.1656% | 1h | 0.7004 | +0.251% | $1.3M | $461K | 3x | 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]
Coinbase International AERO-PERP-INTX
RISEx AERO/USDC
Hyperliquid AERO
01 Exchange AEROUSD
Lighter AERO