Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h −0.048%

Price spread now: Deribit against OKX0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Deribit

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AERO-USDT-SWAP	0.6994	0.0100	pay 0.0050% / 4h	51m 44s	$2.3M	$6.9M	20x
Short	Deribit AERO_USDC-PERPETUAL	0.6994	0.0179	get 0.0022% / 1h	51m 44s	$56K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $16.59
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.41
Costs to cover: 0.170%
Break-even: 7.2 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	2.14 bp	17.8 bp −$18	41.6 bp −$416	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	−1.315%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7003	+0.126%	$39K	$110K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6996	+0.029%	$26.2M	$25.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6992	−0.029%	$22.3M	$20.9M	25x	as long as short
OKX AERO-USDT-SWAPlong	+0.0100%	4h	0.6994	long leg	$2.3M	$6.9M	20x
Gate AERO_USDT	+0.0100%	4h	0.6993	−0.014%	$1.6M	$523K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6997	+0.043%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6998	+0.057%	$2.2M	$918K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6993	−0.014%	$4.1M	$2.1M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6992	−0.029%	—	$1.8M	—	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AERO	+0.0100%	4h	0.6955	−0.564%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6996	+0.031%	$216K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6994	0.000%	$47K	—	3x	as long as short
Deribit AERO_USDC-PERPETUALshort	+0.0179%	1h	0.6994	0.000%	$56K	$11K	10x
Reya AERORUSDPERP	+0.0228%	1h	0.6993	−0.009%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6990	−0.057%	$920K	$708K	25x	as long as short
Hyperliquid AERO	+0.0482%	1h	0.7003	+0.129%	$23.5M	$5.4M	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0510% / S −0.0236%	1h	0.6990	−0.057%	$92K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.6977	−0.243%	$92K	$33K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.6998	+0.055%	$253K	$385K	3x	as long as short
01 Exchange AEROUSD	+0.0784%	1h	0.7008	+0.199%	$190	$115	3x	as long as short
Backpack AERO_USDC_PERP	+0.1102%	1h	0.7003	+0.124%	$103K	$314K	15x	as long as short
Lighter AERO	+0.1864%	1h	0.7012	+0.257%	$1.3M	$459K	3x	as long as short