Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.085%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.199%+$20 · spread now −0.085%, 7d avg −0.026%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.059% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.7030	0.0100	pay 0.0050% / 4h	27m 00s	$26.4M	$26.5M	75x
Short	Bitget AEROUSDT	0.7024	0.0100	get 0.0050% / 4h	27m 00s	$4.1M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.026%: −$5.89
Slippage, 4 orders: −$41.18
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.07
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 1 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, 14 min ago	0.71 bp	12.9 bp −$13	27.9 bp −$279	298.0 bp −$29.8K	doesn't fit
Sell Bitget live order book, 1 min ago	4.98 bp	16.8 bp −$17	40.5 bp −$405	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	−1.821%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0035%	1h	0.7030	0.000%	$56K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7032	+0.026%	$40K	$113K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.7030	long leg	$26.4M	$26.5M	75x
Bybit AEROUSDT	+0.0100%	4h	0.7025	−0.071%	$22.8M	$21.8M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7028	−0.028%	$2.3M	$7.1M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7024	−0.085%	$1.6M	$537K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7030	0.000%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7029	−0.014%	$2.2M	$939K	50x	as long as short
Bitget AEROUSDTshort	+0.0100%	4h	0.7024	−0.085%	$4.1M	$2.2M	75x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.7026	−0.057%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7041	+0.159%	$2.1M	$1.8M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7026	−0.057%	$218K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7027	−0.046%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7027	−0.036%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7033	+0.043%	$944K	$731K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0513% / S −0.0250%	1h	0.7025	−0.069%	$91K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.7072	+0.597%	$94K	$33K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.7037	+0.106%	$232K	$395K	3x	as long as short
Hyperliquid AERO	+0.0619%	1h	0.7040	+0.149%	$23.7M	$5.4M	3x	as long as short
01 Exchange AEROUSD	+0.0688%	1h	0.7042	+0.168%	$191	$111	3x	as long as short
Backpack AERO_USDC_PERP	+0.1016%	1h	0.7035	+0.074%	$104K	$317K	15x	as long as short
Lighter AERO	+0.1904%	1h	0.7051	+0.300%	$1.3M	$461K	3x	as long as short