Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0463%/8h= −50.6% APRpaid last 24h −0.073%

Price spread now: KuCoin against RISEx−0.096%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on RISEx Short on KuCoin

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)−0.008%−$1 · spread now −0.096%, 7d avg +0.003%

Together, before fees−0.453%−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.099% cheaper against RISEx than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AERO/USDC	0.7013	0.0563	pay 0.0070% / 1h	18m 17s	$212K	$405K	3x
Short	KuCoin AEROUSDTM	0.7006	0.0100	get 0.0050% / 4h	18m 17s	$2.2M	$941K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee RISExbpFee KuCoinbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$97.13
Price spread: −0.096% → +0.003%: −$9.91
Slippage, 4 orders: −$69.18
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$194.22
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from RISEx: live order book, 60 min ago; KuCoin: live order book, 3 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, 60 min ago	0.65 bp	4.1 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	9.28 bp	37.3 bp −$37	306.4 bp −$3,064	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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.7002	−0.153%	$56K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.579%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7001	−0.168%	$40K	$115K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7004	−0.125%	$26.3M	$26.6M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.7002	−0.153%	$22.7M	$21.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7001	−0.168%	$2.3M	$7.0M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7005	−0.111%	$1.6M	$538K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7005	−0.111%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.7006	−0.096%	$2.2M	$941K	50x
Bitget AEROUSDT	+0.0100%	4h	0.7004	−0.125%	$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	0.7005	−0.111%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7009	−0.053%	$2.1M	$1.8M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7002	−0.151%	$217K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7002	−0.153%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7008	−0.061%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7010	−0.039%	$949K	$728K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0512% / S −0.0240%	1h	0.7006	−0.099%	$92K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.7395	+5.451%	$98K	$35K	25x	as long as short
RISEx AERO/USDClong	+0.0563%	1h	0.7013	long leg	$212K	$405K	3x
Hyperliquid AERO	+0.0597%	1h	0.7018	+0.073%	$23.6M	$5.4M	3x	as long as short
01 Exchange AEROUSD	+0.0624%	1h	0.7015	+0.036%	$190	$111	3x	as long as short
Backpack AERO_USDC_PERP	+0.0916%	1h	0.7011	−0.028%	$104K	$317K	15x	as long as short
Lighter AERO	+0.1760%	1h	0.7020	+0.111%	$1.3M	$461K	3x	as long as short