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

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0366%/8h= +40.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.105%
Price spread now: Lighter against RISEx+0.203%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$550.553% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.295%+$29 on $10k
Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.203%, 7d avg +0.165%
Together, before fees+0.135%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.038% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.165%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx AERO/USDC0.68750.0530pay 0.0066% / 1h7m 19s$215K$381K3x
ShortLighter AERO0.68890.0896get 0.0112% / 1h7m 19s$1.3M$495K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$76.77
Price spread: +0.203% → +0.165%
$3.85
Slippage, 4 orders
−$49.29
Fee RISEx: 3 bp × 2 orders
−$6
Fee Lighter: 0 bp × 2 orders
$0
Net
$25.32
Costs to cover
0.553%
Break-even
4.7 days
Slippage from RISEx: live order book, 16 min ago; Lighter: live order book, 9 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, 16 min ago2.97 bp6.0 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 9 min ago5.20 bp15.2 bp −$1582.3 bp −$823doesn't fitdoesn'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−0.0477%1h0.6868−0.108%$55K$11K10xas long as short
Injective AERO/USDC PERP+0.0052%1h0.6902+0.386%$4$209K5.5xas long as short
Hyperliquid AERO+0.0100%1h0.6873−0.040%$23.1M$5.7M3xas long as short
Aster AEROUSDT+0.0100%4h0.6876+0.012%$38K$109K10xas long as short
Binance AEROUSDT+0.0100%4h0.6870−0.076%$25.4M$25.7M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6868−0.108%$21.9M$20.5M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6872−0.050%$2.3M$6.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6873−0.035%$1.6M$563K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6871−0.064%$8.1M$1.6M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6870−0.079%$2.2M$839K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6863−0.181%$4.1M$2.2M75xas long as short
BingX AERO-USDT+0.0100%4h0.6872−0.050%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6875−0.001%$1.9M$1.7Mas long as short
Extended AERO-USD+0.0104%1h0.6866−0.132%$201K$1.3M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6872−0.051%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6869−0.088%$19K$4K15xas long as short
01 Exchange AEROUSD+0.0280%1h0.6875−0.002%$186$1153xas long as short
BloFin AERO-USDT+0.0340%4h0.6873−0.035%$915K$692K25xas long as short
Backpack AERO_USDC_PERP+0.0437%1h0.6879+0.053%$102K$313K15xas long as short
GMX AERO/USD [ETH-USDC]L +0.0501% / S −0.0223%1h0.6869−0.087%$92K100xas long as short
RISEx AERO/USDClong+0.0530%1h0.6875long leg$215K$381K3x
Lighter AEROshort+0.0896%1h0.6889+0.203%$1.3M$495K3x
Coinbase International AERO-PERP-INTX+0.1488%1h0.6979+1.506%$93K$33K25xas long as short