Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.049%
Price spread now: Binance against Deribit+0.023%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.023% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit AERO_USDC-PERPETUAL | 0.6890 | 0 | get 0.0000% / 1h | 7m 21s | $55K | $11K | 10x |
| Short | Binance AEROUSDT | 0.6892 | 0.0100 | get 0.0050% / 4h | 1h 07m | $25.5M | $25.3M | 75x |
Deribit AERO_USDC-PERPETUAL
Binance AEROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $21
- Price spread: +0.023% → 0.000%
- $2.28
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $6.28
- Costs to cover
- 0.170%
- Break-even
- 4.9 days
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 4 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.73 bp | 12.1 bp −$12 | 28.8 bp −$288 | 304.3 bp −$30.4K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUALlong | 0.0000% | 1h | 0.6890 | long leg | $55K | $11K | 10x | |
| Hyperliquid AERO | +0.0100% | 1h | 0.6899 | +0.134% | $23.2M | $5.3M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6892 | +0.024% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDTshort | +0.0100% | 4h | 0.6892 | +0.023% | $25.5M | $25.3M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6891 | +0.015% | $22.0M | $20.4M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6897 | +0.102% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6888 | −0.029% | $1.6M | $533K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6892 | +0.029% | $8.2M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6890 | 0.000% | $2.1M | $904K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6887 | −0.044% | $4.1M | $2.1M | 75x | as long as short |
Hyperliquid AERO
Aster 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 | 0.6893 | +0.044% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6892 | +0.030% | $2.0M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6891 | +0.009% | $202K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6888 | −0.027% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | +0.174% | $4 | $209K | 5.5x | as long as short |
| 01 Exchange AEROUSD | +0.0224% | 1h | 0.6898 | +0.116% | $187 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6897 | +0.095% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6892 | +0.029% | $912K | $694K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0223% | 1h | 0.6889 | −0.008% | $92K | — | 100x | as long as short |
| Backpack AERO_USDC_PERP | +0.0528% | 1h | 0.6898 | +0.119% | $102K | $314K | 15x | as long as short |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6895 | +0.068% | $211K | $366K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6904 | +0.203% | $92K | $32K | 25x | as long as short |
| Lighter AERO | +0.0880% | 1h | 0.6906 | +0.226% | $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]
Backpack AERO_USDC_PERP
RISEx AERO/USDC
Coinbase International AERO-PERP-INTX
Lighter AERO