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: OKX against Bybit+0.117%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.171%−$17 · spread now +0.117%, 7d avg +0.012%

Together, before fees−0.135%−$13 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: OKX is 0.105% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AEROUSDT	0.6861	0.0100	pay 0.0050% / 4h	1h 44m	$22.4M	$18.2M	25x
Short	OKX AERO-USDT-SWAP	0.6869	0.0100	get 0.0050% / 4h	1h 44m	$2.3M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.012%: $10.45
Slippage, 4 orders: −$32.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.3
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 3 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 Bybit live order book, 4 min ago	1.46 bp	13.0 bp −$13	32.8 bp −$328	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.73 bp	12.3 bp −$12	42.2 bp −$422	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	0.6872	+0.160%	$89K	$37K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.598%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6870	+0.126%	$42K	$125K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6870	+0.126%	$25.9M	$25.3M	75x	as long as short
Bybit AEROUSDTlong	+0.0100%	4h	0.6861	long leg	$22.4M	$18.2M	25x
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6869	+0.117%	$2.3M	$5.9M	20x
Gate AERO_USDT	+0.0100%	4h	0.6866	+0.073%	$1.6M	$472K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6872	+0.160%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6870	+0.131%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6866	+0.073%	$4.0M	$1.8M	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	0.6869	+0.117%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6855	−0.083%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6864	+0.051%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6864	+0.041%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6868	+0.108%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6860	−0.015%	$938K	$594K	25x	as long as short
Hyperliquid AERO	+0.0350%	1h	0.6876	+0.216%	$22.7M	$5.3M	3x	as long as short
01 Exchange AEROUSD	+0.0456%	1h	0.6879	+0.264%	$186	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6874	+0.183%	$199K	$522K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0246%	1h	0.6866	+0.068%	$88K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0698%	1h	0.6880	+0.277%	$94K	$260K	15x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0917%	1h	0.6865	+0.058%	$54K	$11K	10x	as long as short
Lighter AERO	+0.1000%	1h	0.6884	+0.341%	$1.3M	$499K	3x	as long as short