Funding you earn now, next payment 22:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.30 per $10,000 · paid last 24h −0.401%
Price spread now: Backpack against Coinbase International+0.092%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.132%−$413 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Backpack is 0.092% dearer against Coinbase International than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−4.132% in total) that is about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AERO-PERP-INTX | 0.6885 | 0.0736 | pay 0.0092% / 1h | 25m 24s | $91K | $32K | 25x |
| Short | Backpack AERO_USDC_PERP | 0.6891 | 0.0492 | get 0.0062% / 1h | 25m 24s | $102K | $314K | 15x |
Coinbase International AERO-PERP-INTX
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$51.15
- Price spread: +0.092% → 0.000%
- $9.15
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$62
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Backpack: live order book, 58 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 58 min ago | 0.07 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | −0.0186% | 1h | 0.6881 | −0.058% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6908 | +0.329% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6888 | +0.040% | $39K | $110K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6901 | +0.232% | $25.6M | $25.4M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6900 | +0.218% | $22.0M | $20.5M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6903 | +0.261% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6890 | +0.073% | $1.6M | $532K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6886 | +0.015% | $8.2M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6887 | +0.029% | $2.1M | $906K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6901 | +0.232% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6896 | +0.160% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6869 | −0.230% | $1.9M | $1.6M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6895 | +0.149% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6884 | −0.015% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | +0.247% | $4 | $209K | 5.5x | as long as short |
| 01 Exchange AEROUSD | +0.0216% | 1h | 0.6901 | +0.234% | $187 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6901 | +0.230% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6885 | 0.000% | $916K | $697K | 25x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.0492% | 1h | 0.6891 | +0.092% | $102K | $314K | 15x | |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0223% | 1h | 0.6884 | −0.019% | $92K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6900 | +0.214% | $214K | $368K | 3x | as long as short |
| Coinbase International AERO-PERP-INTXlong | +0.0736% | 1h | 0.6885 | long leg | $91K | $32K | 25x | |
| Lighter AERO | +0.0912% | 1h | 0.6907 | +0.324% | $1.3M | $464K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Injective AERO/USDC PERP
01 Exchange AEROUSD
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO