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

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0660%/8h= +72.3% APRpaid last 24h +0.030%
Price spread now: Hyperliquid against OKX+0.144%7-day average +0.091% · you sell dearer than you buy
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 7 days+0.211%+$21 on $10k
Price spread, last 7 days−0.105%−$11 · spread now +0.144%, 7d avg +0.091%
Together, before fees+0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.052% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.091%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AERO-USDT-SWAP0.69520.0100pay 0.0050% / 4h3h 42m$2.3M$6.9M20x
ShortHyperliquid AERO0.69620.0760get 0.0095% / 1h42m 17s$23.4M$5.3M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$138.68
Price spread: +0.144% → +0.091%
$5.24
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$124.92
Costs to cover
0.190%
Break-even
0.7 days
Slippage unknown: OKX: live order book, 6 min ago; Hyperliquid: live order book, 11 min ago. 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 OKX live order book, 6 min ago2.88 bp15.0 bp −$1539.7 bp −$397doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.07 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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
Injective AERO/USDC PERP+0.0033%1h0.6902−0.719%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUAL+0.0038%1h0.6951−0.014%$55K$11K10xas long as short
Aster AEROUSDT+0.0100%4h0.6959+0.096%$40K$116K10xas long as short
Binance AEROUSDT+0.0100%4h0.6953+0.011%$26.4M$26.6M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6951−0.014%$22.5M$21.4M25xas long as short
OKX AERO-USDT-SWAPlong+0.0100%4h0.6952long leg$2.3M$6.9M20x
Gate AERO_USDT+0.0100%4h0.6947−0.072%$1.6M$492K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6950−0.029%$8.3M$1.7M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.69520.000%$2.1M$938K50xas long as short
Bitget AEROUSDT+0.0100%4h0.6949−0.043%$4.1M$2.2M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.6950−0.029%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6946−0.080%$2.0M$1.8Mas long as short
Extended AERO-USD+0.0104%1h0.6951−0.021%$215K$1.6M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6950−0.032%$47K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6952−0.001%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6948−0.058%$943K$736K25xas long as short
GMX AERO/USD [ETH-USDC]L +0.0509% / S −0.0240%1h0.6949−0.049%$91K100xas long as short
01 Exchange AEROUSD+0.0528%1h0.6959+0.106%$189$1113xas long as short
RISEx AERO/USDC+0.0687%1h0.6953+0.009%$220K$402K3xas long as short
Hyperliquid AEROshort+0.0760%1h0.6962+0.144%$23.4M$5.3M3x
Backpack AERO_USDC_PERP+0.1393%1h0.6960+0.119%$133K$321K15xas long as short
Lighter AERO+0.1672%1h0.6967+0.216%$1.3M$431K3xas long as short
Coinbase International AERO-PERP-INTX+0.3896%1h0.6929−0.331%$91K$35K25xas long as short