Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX−0.144%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1151.147% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.144%, 7d avg +0.013%

Together, before fees+0.062%+$6 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: KuCoin is 0.156% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AERO-USDT-SWAP	0.6946	0.0100	pay 0.0050% / 4h	3h 35m	$2.3M	$5.8M	20x
Short	KuCoin AEROUSDTM	0.6936	0.0100	get 0.0050% / 4h	3h 35m	$2.0M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → +0.013%: −$15.65
Slippage, 4 orders: −$92.74
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$130.38
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 10 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, 2 min ago	0.72 bp	14.0 bp −$14	35.8 bp −$358	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	3.61 bp	42.5 bp −$43	322.7 bp −$3,227	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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.6945	−0.014%	$88K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.633%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6934	−0.166%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6939	−0.101%	$26.1M	$25.0M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6934	−0.173%	$22.7M	$18.0M	25x	as long as short
OKX AERO-USDT-SWAPlong	+0.0100%	4h	0.6946	long leg	$2.3M	$5.8M	20x
Gate AERO_USDT	+0.0100%	4h	0.6935	−0.158%	$1.6M	$466K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6939	−0.101%	$8.5M	$1.4M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6936	−0.144%	$2.0M	$1.1M	50x
Bitget AEROUSDT	+0.0100%	4h	0.6936	−0.144%	$4.1M	$1.9M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6938	−0.115%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6919	−0.384%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6937	−0.134%	$210K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6930	−0.225%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6941	−0.070%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6934	−0.173%	$946K	$574K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6934	−0.168%	$216K	$562K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0520% / S −0.0255%	1h	0.6931	−0.215%	$90K	—	100x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0615%	1h	0.6940	−0.086%	$55K	$11K	10x	as long as short
01 Exchange AEROUSD	+0.0792%	1h	0.6944	−0.033%	$188	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0845%	1h	0.6944	−0.035%	$96K	$262K	15x	as long as short
Hyperliquid AERO	+0.0897%	1h	0.6951	+0.075%	$22.9M	$5.4M	3x	as long as short
Lighter AERO	+0.1544%	1h	0.6954	+0.117%	$1.3M	$386K	3x	as long as short