Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.044%

Price spread now: Bitget against Deribit−0.073%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Bitget is 0.073% cheaper against Deribit than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6868	0.0041	pay 0.0005% / 1h	54m 47s	$55K	$11K	10x
Short	Bitget AEROUSDT	0.6863	0.0100	get 0.0050% / 4h	1h 54m	$4.0M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee BitgetbpOrdersPrice spread, now −0.073%Rate

Funding earned: $12.39
Price spread: −0.073% → 0.000%: −$7.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.89
Costs to cover: 0.190%
Break-even: 14.8 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.91 bp	12.5 bp −$12	39.9 bp −$399	doesn't fit	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
Coinbase International AERO-PERP-INTX	−0.1896%	1h	0.6500	−5.358%	$84K	$33K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.495%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0041%	1h	0.6868	long leg	$55K	$11K	10x
Aster AEROUSDT	+0.0100%	4h	0.6865	−0.047%	$42K	$125K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6861	−0.102%	$25.9M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6860	−0.116%	$22.4M	$18.3M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6866	−0.029%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6874	+0.087%	$1.6M	$471K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6860	−0.116%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6881	+0.189%	$2.0M	$1.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDTshort	+0.0100%	4h	0.6863	−0.073%	$4.0M	$1.8M	75x
BingX AERO-USDT	+0.0100%	4h	0.6870	+0.029%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6869	+0.012%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6862	−0.084%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6866	−0.024%	$46K	—	3x	as long as short
Hyperliquid AERO	+0.0186%	1h	0.6871	+0.039%	$22.7M	$5.3M	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6869	+0.021%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6872	+0.058%	$892K	$596K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6876	+0.115%	$186	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6871	+0.050%	$201K	$517K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0246%	1h	0.6864	−0.053%	$88K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0687%	1h	0.6875	+0.103%	$94K	$260K	15x	as long as short
Lighter AERO	+0.1016%	1h	0.6877	+0.130%	$1.3M	$498K	3x	as long as short