Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.037%

Price spread now: Deribit against Binance−0.130%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.130% cheaper against Binance than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 5.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.6900	0.0100	pay 0.0050% / 4h	3h 27m	$26.0M	$24.9M	75x
Short	Deribit AERO_USDC-PERPETUAL	0.6891	0.0186	get 0.0023% / 1h	27m 54s	$55K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.130%Rate

Funding earned: $18.06
Price spread: −0.130% → 0.000%: −$13.04
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.98
Costs to cover: 0.170%
Break-even: 11.6 days

Slippage unknown: Binance: live order book, 13 min ago; Deribit: no order-book sample. 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 Binance live order book, 13 min ago	1.44 bp	13.2 bp −$13	28.3 bp −$283	435.2 bp −$43.5K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0280%	1h	0.6898	−0.029%	$87K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.029%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6901	+0.010%	$42K	$127K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.6900	long leg	$26.0M	$24.9M	75x
Bybit AEROUSDT	+0.0100%	4h	0.6892	−0.116%	$22.6M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6900	0.000%	$2.3M	$5.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6894	−0.087%	$1.6M	$467K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6899	−0.014%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6901	+0.014%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6894	−0.087%	$4.0M	$1.9M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6900	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6899	−0.016%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6901	+0.015%	$209K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6888	−0.167%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUALshort	+0.0186%	1h	0.6891	−0.130%	$55K	$11K	10x
Reya AERORUSDPERP	+0.0228%	1h	0.6888	−0.168%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6900	0.000%	$949K	$558K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6885	−0.219%	$200K	$570K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0519% / S −0.0255%	1h	0.6885	−0.222%	$90K	—	100x	as long as short
01 Exchange AEROUSD	+0.0736%	1h	0.6889	−0.152%	$187	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0766%	1h	0.6904	+0.052%	$94K	$262K	15x	as long as short
Hyperliquid AERO	+0.0872%	1h	0.6913	+0.181%	$22.8M	$5.4M	3x	as long as short
Lighter AERO	+0.1464%	1h	0.6912	+0.170%	$1.3M	$386K	3x	as long as short