Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.015%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.015%, 7d avg +0.028%

Together, before fees−0.024%−$2 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: KuCoin is 0.042% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AERO-USDT	0.6824	0.0100	pay 0.0050% / 4h	2h 46m	—	$1.7M	—
Short	KuCoin AEROUSDTM	0.6823	0.0100	get 0.0050% / 4h	2h 46m	$2.3M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.028%: −$4.24
Slippage, 4 orders: −$85.57
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$111.81
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 5 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 BingX live order book, 6 min ago	2.19 bp	13.9 bp −$14	27.0 bp −$270	297.7 bp −$29.8K	766.5 bp −$383.2K
Sell KuCoin live order book, 5 min ago	6.58 bp	36.1 bp −$36	344.3 bp −$3,443	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	+1.143%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0043%	1h	0.6827	+0.044%	$54K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6825	+0.021%	$22.6M	$5.3M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6827	+0.048%	$39K	$123K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6826	+0.027%	$25.8M	$25.0M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6823	−0.015%	$22.1M	$18.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6829	+0.073%	$2.3M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6820	−0.059%	$1.6M	$465K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6829	+0.073%	$8.3M	$1.5M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6823	−0.015%	$2.3M	$1.0M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6819	−0.073%	$4.0M	$1.8M	75x	as long as short
BingX AERO-USDTlong	+0.0100%	4h	0.6824	long leg	—	$1.7M	—
Variational Omni AERO	+0.0100%	4h	0.6842	+0.268%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6820	−0.060%	$206K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6825	+0.020%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6826	+0.031%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6833	+0.132%	$934K	$590K	25x	as long as short
Backpack AERO_USDC_PERP	+0.0364%	1h	0.6828	+0.064%	$93K	$259K	15x	as long as short
01 Exchange AEROUSD	+0.0368%	1h	0.6833	+0.138%	$185	$101	3x	as long as short
RISEx AERO/USDC	+0.0382%	1h	0.6823	−0.016%	$198K	$476K	3x	as long as short
Lighter AERO	+0.0416%	1h	0.6835	+0.160%	$1.3M	$506K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0504% / S −0.0237%	1h	0.6824	+0.005%	$89K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.1984%	1h	0.6400	−6.213%	$83K	$32K	25x	as long as short