Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0892%/8h= +97.7% APRpaid last 24h +0.243%

Price spread now: Lighter against OKX+0.182%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.924%+$92 on $10k

Price spread, last 7 days−0.065%−$7 · spread now +0.182%, 7d avg +0.123%

Together, before fees+0.859%+ Points / potential airdropLighter: Season 3 · farm board+$86 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Lighter is 0.058% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AERO-USDT-SWAP	0.6986	0.0100	pay 0.0050% / 4h	51m 41s	$2.4M	$5.5M	20x
Short	Lighter AERO	0.6999	0.0992	get 0.0124% / 1h	51m 41s	$1.3M	$393K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.182%Rate

Funding earned: $187.32
Price spread: +0.182% → +0.123%: $5.85
Slippage, 4 orders: −$47.39
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $135.78
Costs to cover: 0.574%
Break-even: 1.9 days

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 2 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, 4 min ago	2.85 bp	19.4 bp −$19	43.8 bp −$438	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	5.85 bp	8.6 bp −$9	65.2 bp −$652	doesn't fit	doesn't fit

AERO on 23 exchanges

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	−0.1456%	1h	0.7005	+0.272%	$87K	$40K	25x	as long as short
BloFin AERO-USDT	−0.0200%	4h	0.7002	+0.229%	$979K	$641K	25x	as long as short
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6989	+0.043%	$55K	—	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.202%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6992	+0.086%	$42K	$105K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6981	−0.066%	$26.5M	$25.1M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6987	+0.014%	$23.0M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAPlong	+0.0100%	4h	0.6986	long leg	$2.4M	$5.5M	20x
Gate AERO_USDT	+0.0100%	4h	0.6987	+0.014%	$1.6M	$470K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6990	+0.057%	$8.5M	$1.4M	100x	as long as short

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AEROUSDTM	+0.0100%	4h	0.6990	+0.057%	$1.9M	$1.3M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6982	−0.057%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6987	+0.014%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6991	+0.067%	$1.9M	$865K	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6984	−0.027%	$224K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6992	+0.084%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6989	+0.049%	$20K	$4K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0514% / S −0.0235%	1h	0.6988	+0.025%	$92K	—	100x	as long as short
RISEx AERO/USDC	+0.0517%	1h	0.6997	+0.162%	$216K	$596K	3x	as long as short
01 Exchange AEROUSD	+0.0568%	1h	0.6997	+0.153%	$190	$101	3x	as long as short
Hyperliquid AERO	+0.0595%	1h	0.6996	+0.146%	$23.1M	$5.9M	3x	as long as short
Backpack AERO_USDC_PERP	+0.0646%	1h	0.6992	+0.079%	$96K	$245K	15x	as long as short
Lighter AEROshort	+0.0992%	1h	0.6999	+0.182%	$1.3M	$393K	3x