Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX−0.058%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$650.650% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.141%+$14 · spread now −0.058%, 7d avg −0.030%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.028% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AERO-USDT-SWAP	0.6956	0.0100	pay 0.0050% / 4h	56m 56s	$2.3M	$6.8M	20x
Short	Bitget AEROUSDT	0.6952	0.0100	get 0.0050% / 4h	56m 56s	$4.1M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee BitgetbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.030%: −$2.77
Slippage, 4 orders: −$43
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$67.78
Costs to cover: 0.650%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 1 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 OKX live order book, 1 min ago	1.44 bp	16.3 bp −$16	43.4 bp −$434	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.60 bp	16.7 bp −$17	31.3 bp −$313	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	−0.776%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0038%	1h	0.6944	−0.173%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6956	−0.003%	$23.4M	$5.4M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6953	−0.043%	$39K	$109K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6959	+0.049%	$25.8M	$25.5M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6951	−0.072%	$22.0M	$20.7M	25x	as long as short
OKX AERO-USDT-SWAPlong	+0.0100%	4h	0.6956	long leg	$2.3M	$6.8M	20x
Gate AERO_USDT	+0.0100%	4h	0.6951	−0.072%	$1.6M	$522K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6958	+0.029%	$8.3M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6955	−0.014%	$2.1M	$911K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDTshort	+0.0100%	4h	0.6952	−0.058%	$4.1M	$2.1M	75x
BingX AERO-USDT	+0.0100%	4h	0.6955	−0.014%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6901	−0.797%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6953	−0.037%	$203K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6938	−0.257%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6940	−0.223%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6943	−0.187%	$918K	$700K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0503% / S −0.0218%	1h	0.6939	−0.240%	$94K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.6918	−0.546%	$92K	$32K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.6948	−0.117%	$236K	$378K	3x	as long as short
01 Exchange AEROUSD	+0.0568%	1h	0.6956	−0.007%	$188	$115	3x	as long as short
Backpack AERO_USDC_PERP	+0.0922%	1h	0.6957	+0.013%	$103K	$313K	15x	as long as short
Lighter AERO	+0.1560%	1h	0.6966	+0.151%	$1.3M	$457K	3x	as long as short