Funding you earn now, next payment 06:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.030%
Price spread now: RISEx against Backpack+0.142%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Funding, last 4 days (all we have)+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.142%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and RISEx is 0.169% dearer against Backpack than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack AERO_USDC_PERP | 0.6835 | 0.0371 | pay 0.0046% / 1h | 49m 49s | $93K | $260K | 15x |
| Short | RISEx AERO/USDC | 0.6844 | 0.0382 | get 0.0048% / 1h | 49m 49s | $197K | $475K | 3x |
Backpack AERO_USDC_PERP
RISEx AERO/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $2.2
- Price spread: +0.142% → −0.027%
- $16.91
- Slippage, 4 orders
- −$4.9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$1.79
- Costs to cover
- 0.209%
- Break-even
- 12.7 days
Slippage from Backpack: live order book, 64 min ago; RISEx: live order book, 64 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, 64 min ago | 0.07 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 64 min ago | 0.94 bp | 4.5 bp −$4 | 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 | 0.6833 | −0.025% | $54K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +0.985% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6831 | −0.054% | $22.6M | $5.3M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6837 | +0.027% | $39K | $123K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6835 | +0.001% | $25.9M | $25.0M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6832 | −0.040% | $22.1M | $18.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6838 | +0.048% | $2.3M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6830 | −0.069% | $1.6M | $464K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6835 | +0.004% | $8.3M | $1.5M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6834 | −0.010% | $2.3M | $1.0M | 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 | 0.6829 | −0.083% | $4.0M | $1.8M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6832 | −0.040% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6842 | +0.111% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6835 | −0.001% | $206K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6831 | −0.059% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6842 | +0.102% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6839 | +0.063% | $936K | $588K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0344% | 1h | 0.6851 | +0.244% | $186 | $101 | 3x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0371% | 1h | 0.6835 | long leg | $93K | $260K | 15x | |
| RISEx AERO/USDCshort | +0.0382% | 1h | 0.6844 | +0.142% | $197K | $475K | 3x | |
| Lighter AERO | +0.0392% | 1h | 0.6841 | +0.085% | $1.3M | $506K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0505% / S −0.0237% | 1h | 0.6836 | +0.015% | $89K | — | 100x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1984% | 1h | 0.6400 | −6.360% | $83K | $32K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
Lighter AERO
GMX AERO/USD [ETH-USDC]
Coinbase International AERO-PERP-INTX