Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.043%

Price spread now: Reya against OKX−0.144%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.144% cheaper against OKX than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 3.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AERO-USDT-SWAP	0.7116	0.0100	pay 0.0050% / 4h	3h 01m	$2.4M	$5.7M	20x
Short	Reya AERORUSDPERP	0.7106	0.0228	get 0.0029% / 1h	1m 54s	$20K	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.144%Rate

Funding earned: $26.92
Price spread: −0.144% → 0.000%: −$14.42
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$3.5
Costs to cover: 0.160%
Break-even: 7.9 days

Slippage unknown: OKX: live order book, 1 min ago; Reya: 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	2.11 bp	13.8 bp −$14	47.9 bp −$479	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.7590	+6.661%	$96K	$43K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−3.007%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7117	+0.012%	$43K	$126K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7112	−0.060%	$27.0M	$25.9M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.7110	−0.084%	$23.6M	$19.3M	25x	as long as short
OKX AERO-USDT-SWAPlong	+0.0100%	4h	0.7116	long leg	$2.4M	$5.7M	20x
Gate AERO_USDT	+0.0100%	4h	0.7111	−0.070%	$1.7M	$508K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7113	−0.042%	$8.6M	$1.5M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7116	0.000%	$2.0M	$1.2M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.7106	−0.141%	$4.2M	$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	0.7110	−0.084%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7126	+0.145%	$2.0M	$1.1M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7112	−0.059%	$216K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7106	−0.141%	$48K	—	3x	as long as short
Reya AERORUSDPERPshort	+0.0228%	1h	0.7106	−0.144%	$20K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.7128	+0.169%	$975K	$582K	25x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0454%	1h	0.7109	−0.098%	$56K	$684	10x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.7132	+0.230%	$235K	$600K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0515% / S −0.0247%	1h	0.7102	−0.203%	$91K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0878%	1h	0.7112	−0.055%	$102K	$249K	15x	as long as short
01 Exchange AEROUSD	+0.0880%	1h	0.7121	+0.069%	$193	$101	3x	as long as short
Hyperliquid AERO	+0.1254%	1h	0.7125	+0.132%	$23.4M	$6.1M	3x	as long as short
Lighter AERO	+0.1664%	1h	0.7125	+0.131%	$1.3M	$410K	3x	as long as short