Funding you earn now, next payment 07:00 UTC+0.0547%/8h= +59.9% APRpaid last 24h +0.127%
Price spread now: Backpack against Binance+0.039%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.312%+$31 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.039%, 7d avg +0.027%
=The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.312% in total (about 16.3% 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 | Binance AEROUSDT | 0.6844 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $25.8M | $25.4M | 75x |
| Short | Backpack AERO_USDC_PERP | 0.6846 | 0.0647 | get 0.0081% / 1h | 31m 40s | $93K | $260K | 15x |
Binance AEROUSDT
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- $114.86
- Price spread: +0.039% → +0.027%
- $1.22
- Slippage, 4 orders
- −$20.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $75.2
- Costs to cover
- 0.409%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 9 min ago; Backpack: live order book, 12 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 Binance live order book, 9 min ago | 0.73 bp | 16.8 bp −$17 | 36.0 bp −$360 | 451.6 bp −$45.2K | doesn't fit |
| Sell Backpack live order book, 12 min ago | 0.07 bp | 7.1 bp −$7 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AERO-PERP-INTX | −0.1896% | 1h | 0.7303 | +6.711% | $94K | $39K | 25x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +0.851% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6844 | +0.011% | $42K | $125K | 10x | as long as short |
| Binance AEROUSDTlong | +0.0100% | 4h | 0.6844 | long leg | $25.8M | $25.4M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6849 | +0.077% | $22.3M | $18.2M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6858 | +0.208% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6839 | −0.069% | $1.6M | $475K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6852 | +0.121% | $8.4M | $1.4M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6850 | +0.091% | $2.0M | $1.1M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6847 | +0.048% | $4.0M | $1.9M | 75x | as long as short |
Coinbase International AERO-PERP-INTX
Injective AERO/USDC PERP
Aster 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 | 0.6851 | +0.106% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6837 | −0.101% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6851 | +0.104% | $202K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6835 | −0.121% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6832 | −0.169% | $19K | $4K | 15x | as long as short |
| Hyperliquid AERO | +0.0313% | 1h | 0.6853 | +0.128% | $22.6M | $5.3M | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6837 | −0.099% | $935K | $590K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0392% | 1h | 0.6856 | +0.175% | $186 | $101 | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0482% | 1h | 0.6834 | −0.142% | $54K | $11K | 10x | as long as short |
| RISEx AERO/USDC | +0.0491% | 1h | 0.6851 | +0.099% | $197K | $527K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0505% / S −0.0246% | 1h | 0.6834 | −0.144% | $87K | — | 100x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.0647% | 1h | 0.6846 | +0.039% | $93K | $260K | 15x | |
| Lighter AERO | +0.0888% | 1h | 0.6859 | +0.221% | $1.3M | $499K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
Hyperliquid AERO
BloFin AERO-USDT
01 Exchange AEROUSD
Deribit AERO_USDC-PERPETUAL
RISEx AERO/USDC
GMX AERO/USD [ETH-USDC]
Lighter AERO