Settings8H · net · $10k
Funding arb · Price arb /

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.053%
Price spread now: BloFin against BingX+0.131%81s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$550.553% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.120%+$12 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.131%, 7d avg −0.017%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.148% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AERO-USDT0.68780.0100pay 0.0050% / 4h11m 51s$1.8M
ShortBloFin AERO-USDT0.68870.0340get 0.0170% / 4h11m 51s$938K$576K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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

Funding earned
$50.4
Price spread: +0.131% → −0.017%
$14.79
Slippage, 4 orders
−$33.26
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$9.93
Costs to cover
0.553%
Break-even
5.6 days
Slippage from BingX: live order book, 1 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 1 min ago2.18 bp17.0 bp −$1733.8 bp −$338322.3 bp −$32.2K802.0 bp −$401.0K
Sell BloFin live order book, 5 min ago2.90 bp14.4 bp −$1432.3 bp −$323doesn't fitdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International AERO-PERP-INTX−0.0360%1h0.6895+0.247%$88K$38K25xas long as short
Injective AERO/USDC PERP+0.0033%1h0.6902+0.349%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUAL+0.0041%1h0.6882+0.058%$55K$11K10xas long as short
Aster AEROUSDT+0.0100%4h0.6885+0.103%$42K$127K10xas long as short
Binance AEROUSDT+0.0100%4h0.6881+0.038%$25.9M$25.1M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6877−0.015%$22.4M$18.0M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6883+0.073%$2.3M$5.9M20xas long as short
Gate AERO_USDT+0.0100%4h0.6881+0.044%$1.6M$479K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6879+0.015%$8.4M$1.4M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6886+0.116%$2.0M$1.1M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6879+0.015%$4.0M$1.9M75xas long as short
BingX AERO-USDTlong+0.0100%4h0.6878long leg$1.8M
Variational Omni AERO+0.0100%4h0.6882+0.057%$2.0M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6878+0.001%$204K$1.4M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6885+0.103%$46K3xas long as short
Hyperliquid AERO+0.0205%1h0.6887+0.135%$22.7M$5.4M3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6884+0.085%$19K$4K15xas long as short
BloFin AERO-USDTshort+0.0340%4h0.6887+0.131%$938K$576K25x
RISEx AERO/USDC+0.0416%1h0.6885+0.105%$210K$539K3xas long as short
01 Exchange AEROUSD+0.0472%1h0.6890+0.170%$187$1013xas long as short
GMX AERO/USD [ETH-USDC]L +0.0518% / S −0.0255%1h0.6881+0.040%$90K100xas long as short
Backpack AERO_USDC_PERP+0.0652%1h0.6885+0.105%$93K$260K15xas long as short
Lighter AERO+0.0848%1h0.6894+0.227%$1.3M$395K3xas long as short