Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.030%
Price spread now: Backpack against RISEx+0.253%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 4 days (all we have)−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)−0.317%−$32 · spread now +0.253%, 7d avg +0.026%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Backpack is 0.227% dearer against RISEx than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 4 days funding on this pair cost −0.199%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx AERO/USDC | 0.6810 | 0.0382 | pay 0.0048% / 1h | 21m 48s | $197K | $489K | 3x |
| Short | Backpack AERO_USDC_PERP | 0.6827 | 0.0394 | get 0.0049% / 1h | 21m 48s | $93K | $260K | 15x |
RISEx AERO/USDC
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against RISEx. 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
- $2.58
- Price spread: +0.253% → +0.026%
- $22.74
- Slippage, 4 orders
- −$6.67
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $2.66
- Costs to cover
- 0.227%
- Break-even
- from the start
Slippage from RISEx: live order book, 27 min ago; Backpack: live order book, 26 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 RISEx live order book, 27 min ago | 1.02 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 26 min ago | 0.07 bp | 8.0 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +1.355% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0044% | 1h | 0.6816 | +0.092% | $54K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6823 | +0.197% | $22.6M | $5.3M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6821 | +0.162% | $41K | $124K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6827 | +0.253% | $25.8M | $25.1M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6826 | +0.239% | $22.2M | $18.1M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6829 | +0.283% | $2.3M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6818 | +0.121% | $1.6M | $475K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6825 | +0.224% | $8.3M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6809 | −0.011% | $2.0M | $1.1M | 50x | as long as short |
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6821 | +0.165% | $4.0M | $1.8M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6823 | +0.194% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6785 | −0.358% | $1.9M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6824 | +0.204% | $200K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6812 | +0.035% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6812 | +0.036% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6794 | −0.231% | $928K | $590K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0344% | 1h | 0.6817 | +0.106% | $185 | $101 | 3x | as long as short |
| RISEx AERO/USDClong | +0.0382% | 1h | 0.6810 | long leg | $197K | $489K | 3x | |
| Backpack AERO_USDC_PERPshort | +0.0394% | 1h | 0.6827 | +0.253% | $93K | $260K | 15x | |
| Lighter AERO | +0.0424% | 1h | 0.6828 | +0.274% | $1.3M | $507K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0504% / S −0.0237% | 1h | 0.6810 | +0.005% | $89K | — | 100x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1984% | 1h | 0.6802 | −0.114% | $88K | $34K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
Lighter AERO
GMX AERO/USD [ETH-USDC]
Coinbase International AERO-PERP-INTX