Funding you earn now, next payment 22:00 UTC−0.0346%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h −0.056%
Price spread now: Extended against Backpack−0.148%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days−0.236%−$24 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.148%, 7d avg −0.071%
=Together, before fees−0.152%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.077% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.236% in total (about -12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. 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 | 0.6892 | 0.0450 | pay 0.0056% / 1h | 10m 16s | $102K | $313K | 15x |
| Short | Extended AERO-USD | 0.6882 | 0.0104 | get 0.0013% / 1h | 10m 16s | $201K | $1.3M | 10x |
Backpack AERO_USDC_PERP
Extended AERO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$72.57
- Price spread: −0.148% → −0.071%
- −$7.68
- Slippage, 4 orders
- −$30.06
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$125.31
- Costs to cover
- 0.451%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 13 min ago; Extended: 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 Backpack live order book, 13 min ago | 0.07 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.82 bp | 14.9 bp −$15 | 147.1 bp −$1,471 | 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 | −0.0331% | 1h | 0.6882 | −0.148% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0052% | 1h | 0.6902 | +0.142% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6890 | −0.038% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6883 | −0.128% | $38K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6882 | −0.141% | $25.5M | $25.7M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6881 | −0.163% | $21.9M | $20.5M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6887 | −0.075% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6885 | −0.104% | $1.6M | $563K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6882 | −0.148% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6890 | −0.032% | $2.2M | $839K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6880 | −0.177% | $4.1M | $2.2M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6885 | −0.104% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6875 | −0.245% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USDshort | +0.0104% | 1h | 0.6882 | −0.148% | $201K | $1.3M | 10x | |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6884 | −0.116% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6883 | −0.134% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0288% | 1h | 0.6888 | −0.064% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6874 | −0.264% | $910K | $692K | 25x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0450% | 1h | 0.6892 | long leg | $102K | $313K | 15x | |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0229% | 1h | 0.6884 | −0.122% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0530% | 1h | 0.6887 | −0.071% | $215K | $381K | 3x | as long as short |
| Lighter AERO | +0.0896% | 1h | 0.6902 | +0.135% | $1.3M | $495K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1488% | 1h | 0.6979 | +1.259% | $93K | $33K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Aevo AERO-PERP
Reya AERORUSDPERP
01 Exchange AEROUSD
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX