Funding you earn now, next payment 05:00 UTC−0.1058%/8h= −115.9% APRpaid last 24h −0.108%
Price spread now: Variational Omni against Backpack−0.372%7-day average +0.037% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.911%+$91 · spread now −0.372%, 7d avg +0.037%
=Together, before fees+0.644%+ Points / potential airdropVariational Omni: Active · farm board+$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Variational Omni is 0.409% cheaper against Backpack than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.267% in total (about -27.8% 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 | 0.6961 | 0.1158 | pay 0.0145% / 1h | 54m 32s | $116K | $289K | 15x |
| Short | Variational Omni AERO | 0.6935 | 0.0100 | get 0.0050% / 4h | 3h 54m | $2.0M | $1.2M | — |
Backpack AERO_USDC_PERP
Variational Omni AEROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$222.27
- Price spread: −0.372% → +0.037%
- −$40.92
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$273.19
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 64 min ago; Variational Omni: RFQ quote, 5 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 Backpack live order book, 64 min ago | 0.07 bp | 5.3 bp −$5 | 147.1 bp −$1,471 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 4.32 bp | doesn't fit | 30.3 bp −$303 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −0.850% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6943 | −0.261% | $23.2M | $5.1M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6948 | −0.190% | $40K | $118K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6944 | −0.247% | $26.4M | $24.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6941 | −0.290% | $22.5M | $18.1M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6944 | −0.247% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6942 | −0.276% | $1.6M | $461K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6941 | −0.290% | $8.3M | $1.5M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6947 | −0.204% | $2.1M | $926K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6941 | −0.290% | $4.1M | $1.8M | 75x | as long as short |
Injective AERO/USDC PERP
Hyperliquid AERO
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 | −0.218% | — | $1.7M | — | as long as short |
| Variational Omni AEROshort | +0.0100% | 4h | 0.6935 | −0.372% | $2.0M | $1.2M | — | |
| Extended AERO-USD | +0.0104% | 1h | 0.6946 | −0.218% | $211K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6946 | −0.218% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6936 | −0.357% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6941 | −0.290% | $947K | $576K | 25x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0470% | 1h | 0.6949 | −0.175% | $55K | $11K | 10x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0508% / S −0.0237% | 1h | 0.6944 | −0.253% | $90K | — | 100x | as long as short |
| 01 Exchange AEROUSD | +0.0616% | 1h | 0.6952 | −0.128% | $188 | $101 | 3x | as long as short |
| RISEx AERO/USDC | +0.0658% | 1h | 0.6946 | −0.219% | $216K | $452K | 3x | as long as short |
| Lighter AERO | +0.1096% | 1h | 0.6962 | +0.016% | $1.3M | $487K | 3x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.1158% | 1h | 0.6961 | long leg | $116K | $289K | 15x | |
| Coinbase International AERO-PERP-INTX | +0.3376% | 1h | 0.7045 | +1.204% | $92K | $36K | 25x | as long as short |
BingX AERO-USDT
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
Deribit AERO_USDC-PERPETUAL
GMX AERO/USD [ETH-USDC]
01 Exchange AEROUSD
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX