Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.044%

Price spread now: Variational Omni against Deribit−0.096%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.096% cheaper against Deribit than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6790	0	get 0.0000% / 1h	30m 11s	$54K	$11K	10x
Short	Variational Omni AERO	0.6783	0.0100	get 0.0050% / 4h	2h 30m	$1.9M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.096%Rate

Funding earned: $21
Price spread: −0.096% → 0.000%: −$9.65
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $4.35
Costs to cover: 0.070%
Break-even: 5.5 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago	4.42 bp	doesn't fit	13.3 bp −$133	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
Deribit AERO_USDC-PERPETUALlong	0.0000%	1h	0.6790	long leg	$54K	$11K	10x
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+1.649%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6790	−0.007%	$22.5M	$5.3M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6787	−0.040%	$39K	$124K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6790	0.000%	$25.6M	$25.1M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6789	−0.015%	$22.0M	$18.1M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6795	+0.074%	$2.2M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6785	−0.074%	$1.6M	$473K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6788	−0.029%	$8.3M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6787	−0.044%	$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	0.6782	−0.118%	$3.9M	$1.8M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6787	−0.044%	—	$1.8M	—	as long as short
Variational Omni AEROshort	+0.0100%	4h	0.6783	−0.096%	$1.9M	$1.2M	—
Extended AERO-USD	+0.0104%	1h	0.6789	−0.012%	$200K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6786	−0.057%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6790	−0.004%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6794	+0.059%	$930K	$588K	25x	as long as short
01 Exchange AEROUSD	+0.0352%	1h	0.6792	+0.031%	$184	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0360%	1h	0.6791	+0.019%	$93K	$260K	15x	as long as short
RISEx AERO/USDC	+0.0382%	1h	0.6788	−0.028%	$196K	$489K	3x	as long as short
Lighter AERO	+0.0424%	1h	0.6804	+0.208%	$1.3M	$507K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0504% / S −0.0237%	1h	0.6787	−0.046%	$88K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.1984%	1h	0.6801	+0.162%	$88K	$34K	25x	as long as short