Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.049%

Price spread now: Deribit against Aster−0.047%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.047% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AEROUSDT	0.6899	0.0100	pay 0.0050% / 4h	1h 58m	$40K	$117K	10x
Short	Deribit AERO_USDC-PERPETUAL	0.6896	0.0040	get 0.0005% / 1h	58m 14s	$55K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$12.6
Price spread: −0.047% → 0.000%: −$4.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.34
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; Deribit: no order-book sample. 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 Aster live order book, 3 min ago	4.35 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AERO on 22 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	+0.040%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUALshort	+0.0040%	1h	0.6896	−0.047%	$55K	$11K	10x
Aster AEROUSDTlong	+0.0100%	4h	0.6899	long leg	$40K	$117K	10x
Binance AEROUSDT	+0.0100%	4h	0.6896	−0.042%	$26.2M	$25.4M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6889	−0.149%	$22.4M	$19.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6896	−0.047%	$2.3M	$6.6M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6898	−0.018%	$1.6M	$477K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6899	−0.004%	$8.2M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6910	+0.156%	$2.1M	$939K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6898	−0.018%	$4.1M	$2.0M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6898	−0.018%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6901	+0.029%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6896	−0.049%	$205K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6895	−0.062%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6898	−0.016%	$19K	$4K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0505% / S −0.0237%	1h	0.6892	−0.100%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0540%	1h	0.6904	+0.073%	$214K	$405K	3x	as long as short
01 Exchange AEROUSD	+0.0552%	1h	0.6910	+0.161%	$187	$101	3x	as long as short
Hyperliquid AERO	+0.0709%	1h	0.6911	+0.167%	$23.2M	$5.3M	3x	as long as short
Lighter AERO	+0.1176%	1h	0.6916	+0.244%	$1.3M	$491K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1222%	1h	0.6919	+0.286%	$118K	$283K	15x	as long as short
Coinbase International AERO-PERP-INTX	+1.0840%	1h	0.6912	+0.185%	$90K	$36K	25x	as long as short