Funding you earn now, next payment 12:00 UTC+0.0700%/8h= +76.6% APRnext payment +$0.87 per $10,000 · paid last 24h +0.202%
Price spread now: Lighter against Reya+0.239%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.239% dearer against Reya than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya AERORUSDPERP | 0.6925 | 0.0228 | pay 0.0029% / 1h | 9m 15s | $19K | $4K | 15x |
| Short | Lighter AERO | 0.6942 | 0.0928 | get 0.0116% / 1h | 9m 15s | $1.3M | $402K | 3x |
Reya AERORUSDPERP
Lighter AEROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $146.96
- Price spread: +0.239% → 0.000%
- $23.93
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $164.89
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 5 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 Lighter live order book, 5 min ago | 0.07 bp | 1.4 bp −$1 | 80.4 bp −$804 | 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 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 | 0.6601 | −4.680% | $81K | $39K | 25x | as long as short |
| BloFin AERO-USDT | −0.0200% | 4h | 0.6922 | −0.045% | $966K | $607K | 25x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.334% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0039% | 1h | 0.6928 | +0.041% | $55K | — | 10x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6930 | +0.070% | $42K | $105K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6930 | +0.070% | $26.2M | $24.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6924 | −0.016% | $23.3M | $18.1M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6930 | +0.070% | $2.3M | $5.5M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6920 | −0.074% | $1.6M | $488K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6930 | +0.070% | $8.6M | $1.5M | 100x | as long as short |
Coinbase International AERO-PERP-INTX
BloFin AERO-USDT
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6924 | −0.016% | $1.9M | $1.3M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6925 | −0.002% | $4.1M | $1.9M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6927 | +0.027% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6913 | −0.181% | $1.9M | $868K | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6925 | +0.003% | $217K | $1.6M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6923 | −0.032% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERPlong | +0.0228% | 1h | 0.6925 | long leg | $19K | $4K | 15x | |
| Backpack AERO_USDC_PERP | +0.0496% | 1h | 0.6931 | +0.091% | $95K | $245K | 15x | as long as short |
| RISEx AERO/USDC | +0.0517% | 1h | 0.6927 | +0.033% | $211K | $602K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0522% / S −0.0258% | 1h | 0.6925 | −0.007% | $91K | — | 100x | as long as short |
| 01 Exchange AEROUSD | +0.0536% | 1h | 0.6935 | +0.150% | $188 | $42 | 3x | as long as short |
| Hyperliquid AERO | +0.0664% | 1h | 0.6941 | +0.230% | $23.0M | $5.4M | 3x | as long as short |
| Lighter AEROshort | +0.0928% | 1h | 0.6942 | +0.239% | $1.3M | $402K | 3x |
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Backpack AERO_USDC_PERP
RISEx AERO/USDC
GMX AERO/USD [ETH-USDC]
01 Exchange AEROUSD
Hyperliquid AERO