Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.094%

Price spread now: BloFin against Deribit−0.058%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 BloFin

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. BloFin is 0.058% cheaper against Deribit than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6888	0.0040	pay 0.0005% / 1h	20m 56s	$55K	$11K	10x
Short	BloFin AERO-USDT	0.6884	0.0340	get 0.0170% / 4h	1h 20m	$933K	$583K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now −0.058%Rate

Funding earned: $63
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $38.19
Costs to cover: 0.190%
Break-even: 2.8 days

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago	1.45 bp	13.6 bp −$14	32.5 bp −$325	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	0.6404	−7.027%	$82K	$35K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.203%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0040%	1h	0.6888	long leg	$55K	$11K	10x
Aster AEROUSDT	+0.0100%	4h	0.6887	−0.020%	$42K	$125K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6888	0.000%	$25.9M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6887	−0.015%	$22.5M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6892	+0.058%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6884	−0.058%	$1.6M	$475K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6889	+0.015%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6888	0.000%	$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 AEROUSDT	+0.0100%	4h	0.6887	−0.015%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6889	+0.015%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6875	−0.184%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6887	−0.017%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6887	−0.007%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6888	−0.006%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0263%	1h	0.6892	+0.051%	$22.7M	$5.3M	3x	as long as short
BloFin AERO-USDTshort	+0.0340%	4h	0.6884	−0.058%	$933K	$583K	25x
01 Exchange AEROUSD	+0.0392%	1h	0.6893	+0.073%	$187	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6888	+0.005%	$201K	$528K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0246%	1h	0.6886	−0.033%	$88K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0678%	1h	0.6895	+0.099%	$94K	$260K	15x	as long as short
Lighter AERO	+0.0864%	1h	0.6902	+0.199%	$1.3M	$499K	3x	as long as short