Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.054%

Price spread now: Aster against Reya+0.126%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.126% dearer against Reya than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AERORUSDPERP	0.6892	0.0228	pay 0.0029% / 1h	37m 05s	$19K	$4K	15x
Short	Aster AEROUSDT	0.6901	0.0100	get 0.0050% / 4h	1h 37m	$39K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$26.92
Price spread: +0.126% → 0.000%: $12.58
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.34
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 44 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 44 min ago	2.17 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit

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
Deribit AERO_USDC-PERPETUAL	−0.0185%	1h	0.6892	−0.005%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6898	+0.085%	$23.2M	$5.7M	3x	as long as short
Aster AEROUSDTshort	+0.0100%	4h	0.6901	+0.126%	$39K	$110K	10x
Binance AEROUSDT	+0.0100%	4h	0.6895	+0.034%	$25.5M	$25.6M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6898	+0.082%	$21.9M	$20.5M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6897	+0.068%	$2.3M	$6.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6900	+0.111%	$1.6M	$528K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6894	+0.024%	$8.1M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6898	+0.082%	$2.1M	$877K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6893	+0.010%	$4.1M	$2.2M	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	0.6899	+0.097%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6908	+0.230%	$1.9M	$1.6M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6891	−0.015%	$202K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6899	+0.093%	$46K	—	3x	as long as short
Injective AERO/USDC PERP	+0.0175%	1h	0.6902	+0.140%	$4	$209K	5.5x	as long as short
Reya AERORUSDPERPlong	+0.0228%	1h	0.6892	long leg	$19K	$4K	15x
01 Exchange AEROUSD	+0.0240%	1h	0.6900	+0.110%	$187	$115	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6902	+0.140%	$913K	$700K	25x	as long as short
Backpack AERO_USDC_PERP	+0.0499%	1h	0.6900	+0.110%	$102K	$314K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0502% / S −0.0223%	1h	0.6894	+0.030%	$92K	—	100x	as long as short
RISEx AERO/USDC	+0.0676%	1h	0.6902	+0.147%	$214K	$373K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.0736%	1h	0.6911	+0.271%	$92K	$32K	25x	as long as short
Lighter AERO	+0.0928%	1h	0.6909	+0.248%	$1.3M	$464K	3x	as long as short