Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0672%/8h= −73.6% APRpaid last 24h +0.041%

Price spread now: KuCoin against Deribit+0.058%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.058% dearer against Deribit than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6859	0.0772	pay 0.0096% / 1h	51m 34s	$54K	$11K	10x
Short	KuCoin AEROUSDTM	0.6863	0.0100	get 0.0050% / 4h	1h 51m	$2.0M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$141.12
Price spread: +0.058% → 0.000%: $5.83
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.29
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	4.36 bp	51.0 bp −$51	298.0 bp −$2,980	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	−5.234%	$84K	$33K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.627%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6859	−0.002%	$42K	$125K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6859	−0.002%	$25.9M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6862	+0.044%	$22.4M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6866	+0.102%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6859	0.000%	$1.6M	$471K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6856	−0.044%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6863	+0.058%	$2.0M	$1.1M	50x
Bitget AEROUSDT	+0.0100%	4h	0.6860	+0.015%	$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	0.6859	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6869	+0.143%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6856	−0.042%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6858	−0.009%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6864	+0.072%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0235%	1h	0.6864	+0.079%	$22.6M	$5.3M	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6860	+0.015%	$940K	$595K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6863	+0.057%	$186	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6858	−0.012%	$197K	$520K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0246%	1h	0.6857	−0.026%	$88K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0658%	1h	0.6866	+0.104%	$94K	$260K	15x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0772%	1h	0.6859	long leg	$54K	$11K	10x
Lighter AERO	+0.0960%	1h	0.6872	+0.191%	$1.3M	$498K	3x	as long as short