Settings8H · net · $10k
Funding arb · Price arb /

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0587%/8h= −64.2% APRpaid last 24h −0.073%
Price spread now: Bybit against RISEx−0.146%55s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$370.368% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.445%−$44 on $10k
Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.146%, 7d avg −0.025%
Together, before fees−0.322%−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.120% cheaper against RISEx than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.025%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx AERO/USDC0.69970.0687pay 0.0086% / 1h57m 48s$214K$403K3x
ShortBybit AEROUSDT0.69870.0100get 0.0050% / 4h3h 57m$22.5M$21.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against RISEx. 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

Funding earned
−$123.17
Price spread: −0.146% → −0.025%
−$12.03
Slippage, 4 orders
−$19.76
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$171.96
Costs to cover
0.368%
Break-even
never at this rate
Slippage from RISEx: live order book, 15 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 15 min ago0.93 bp4.4 bp −$4doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago0.71 bp15.0 bp −$1534.5 bp −$345266.6 bp −$26.7Kdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AERO_USDC-PERPETUAL−0.0036%1h0.6991−0.089%$55K$11K10xas long as short
Injective AERO/USDC PERP+0.0033%1h0.6902−1.361%$4$209K5.5xas long as short
Aster AEROUSDT+0.0100%4h0.6988−0.131%$40K$117K10xas long as short
Binance AEROUSDT+0.0100%4h0.6992−0.074%$26.3M$26.7M75xas long as short
Bybit AEROUSDTshort+0.0100%4h0.6987−0.146%$22.5M$21.9M25x
OKX AERO-USDT-SWAP+0.0100%4h0.6989−0.117%$2.3M$7.0M20xas long as short
Gate AERO_USDT+0.0100%4h0.6987−0.146%$1.6M$491K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6991−0.089%$8.3M$1.7M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6989−0.117%$2.2M$940K50xas long as short
Bitget AEROUSDT+0.0100%4h0.6987−0.146%$4.1M$2.2M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.6988−0.131%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6991−0.095%$2.0M$1.8Mas long as short
Extended AERO-USD+0.0104%1h0.6987−0.146%$216K$1.3M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6962−0.504%$47K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6992−0.081%$20K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6989−0.117%$937K$744K25xas long as short
01 Exchange AEROUSD+0.0376%1h0.7001+0.060%$190$1113xas long as short
GMX AERO/USD [ETH-USDC]L +0.0512% / S −0.0240%1h0.6992−0.080%$92K100xas long as short
Hyperliquid AERO+0.0519%1h0.7000+0.041%$23.5M$5.4M3xas long as short
RISEx AERO/USDClong+0.0687%1h0.6997long leg$214K$403K3x
Backpack AERO_USDC_PERP+0.1368%1h0.7000+0.041%$132K$329K15xas long as short
Lighter AERO+0.1424%1h0.7008+0.157%$1.3M$430K3xas long as short
Coinbase International AERO-PERP-INTX+0.3896%1h0.7467+6.714%$98K$36K25xas long as short