Funding you earn now, next payment 00:00 UTC−0.0628%/8h= −68.8% APRpaid last 24h −0.053%
Price spread now: BloFin against Backpack+0.120%66s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 3 days (all we have)+0.026%+$3 · spread now +0.120%, 7d avg −0.051%
=The price spread pays, funding is against you. BloFin is 0.171% dearer against Backpack than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of −0.051%): +$17 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.139% in total) that is about 8.6 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% 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 | Backpack AERO_USDC_PERP | 0.6999 | 0.0968 | pay 0.0121% / 1h | 23m 44s | $104K | $317K | 15x |
| Short | BloFin AERO-USDT | 0.7007 | 0.0340 | get 0.0170% / 4h | 23m 44s | $944K | $728K | 25x |
Backpack AERO_USDC_PERP
BloFin AERO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- −$131.9
- Price spread: +0.120% → −0.051%
- $17.06
- Slippage, 4 orders
- −$13.33
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$150.17
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 55 min ago; BloFin: live order book, 53 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 Backpack live order book, 55 min ago | 0.36 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 53 min ago | 0.73 bp | 11.8 bp −$12 | 19.2 bp −$192 | 84.0 bp −$8,400 | 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 | 0.6991 | −0.109% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −1.380% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6998 | −0.009% | $41K | $113K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6994 | −0.067% | $26.3M | $26.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6992 | −0.094% | $22.7M | $21.8M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6992 | −0.094% | $2.3M | $7.0M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6993 | −0.080% | $1.6M | $537K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6993 | −0.080% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6999 | +0.006% | $2.2M | $940K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6985 | −0.194% | $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 | 0.6994 | −0.066% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.7019 | +0.287% | $2.1M | $1.8M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6994 | −0.068% | $217K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6992 | −0.089% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6993 | −0.080% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDTshort | +0.0340% | 4h | 0.7007 | +0.120% | $944K | $728K | 25x | |
| GMX AERO/USD [ETH-USDC] | L +0.0512% / S −0.0250% | 1h | 0.6991 | −0.115% | $90K | — | 100x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0520% | 1h | 0.7295 | +4.235% | $96K | $34K | 25x | as long as short |
| RISEx AERO/USDC | +0.0563% | 1h | 0.6997 | −0.019% | $215K | $403K | 3x | as long as short |
| Hyperliquid AERO | +0.0609% | 1h | 0.6994 | −0.063% | $23.5M | $5.4M | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0672% | 1h | 0.7000 | +0.020% | $190 | $111 | 3x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0968% | 1h | 0.6999 | long leg | $104K | $317K | 15x | |
| Lighter AERO | +0.1824% | 1h | 0.7003 | +0.067% | $1.3M | $461K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
GMX AERO/USD [ETH-USDC]
Coinbase International AERO-PERP-INTX
RISEx AERO/USDC
Hyperliquid AERO
01 Exchange AEROUSD
Lighter AERO