Funding you earn now, next payment 01:00 UTC+0.1282%/8h= +140.4% APRpaid last 24h +0.075%
Price spread now: Backpack against Variational Omni+0.239%7-day average −0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.223%+$22 on $10k
+Price spread, last 4 days (all we have)−0.912%−$91 · spread now +0.239%, 7d avg −0.045%
=Together, before fees−0.688%+ Points / potential airdropVariational Omni: Active · farm board−$69 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Backpack is 0.284% dearer against Variational Omni than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.045%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.223% in total (about 24.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AERO | 0.6946 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $2.0M | $1.8M | — |
| Short | Backpack AERO_USDC_PERP | 0.6963 | 0.1382 | get 0.0173% / 1h | 44m 27s | $133K | $325K | 15x |
Variational Omni AERO
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $269.19
- Price spread: +0.239% → −0.045%
- $28.38
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $287.57
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Backpack: live order book, 29 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 Variational Omni RFQ quote, 5 min ago | 3.60 bp | doesn't fit | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 29 min ago | 0.07 bp | 6.1 bp −$6 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | 0.0000% | 1h | 0.6950 | +0.051% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.640% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6958 | +0.160% | $40K | $116K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6947 | +0.004% | $26.3M | $26.7M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6948 | +0.023% | $22.4M | $21.4M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6950 | +0.051% | $2.3M | $6.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6950 | +0.051% | $1.6M | $491K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6945 | −0.020% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6957 | +0.152% | $2.1M | $938K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6943 | −0.049% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6946 | −0.006% | — | $1.8M | — | as long as short |
| Variational Omni AEROlong | +0.0100% | 4h | 0.6946 | long leg | $2.0M | $1.8M | — | |
| Extended AERO-USD | +0.0104% | 1h | 0.6947 | +0.012% | $222K | $1.5M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6949 | +0.036% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6944 | −0.029% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6950 | +0.051% | $941K | $749K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0509% / S −0.0240% | 1h | 0.6945 | −0.023% | $91K | — | 100x | as long as short |
| 01 Exchange AEROUSD | +0.0536% | 1h | 0.6957 | +0.154% | $189 | $111 | 3x | as long as short |
| RISEx AERO/USDC | +0.0687% | 1h | 0.6950 | +0.054% | $220K | $402K | 3x | as long as short |
| Hyperliquid AERO | +0.0762% | 1h | 0.6957 | +0.150% | $23.4M | $5.3M | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1382% | 1h | 0.6963 | +0.239% | $133K | $325K | 15x | |
| Lighter AERO | +0.1672% | 1h | 0.6969 | +0.328% | $1.3M | $430K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3896% | 1h | 0.6960 | +0.195% | $92K | $33K | 25x | as long as short |
BingX AERO-USDT
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
01 Exchange AEROUSD
RISEx AERO/USDC
Hyperliquid AERO
Lighter AERO
Coinbase International AERO-PERP-INTX