Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.140%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1671.673% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.140%, 7d avg +0.026%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.115% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.7123	0.0100	pay 0.0050% / 4h	2h 59m	$1.7M	$509K	75x
Short	Binance AEROUSDT	0.7133	0.0100	get 0.0050% / 4h	2h 59m	$27.1M	$25.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.026%: $11.48
Slippage, 4 orders: −$142.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$155.82
Costs to cover: 1.673%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 11 min ago.

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 Gate live order book, 2 min ago	4.93 bp	85.9 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.70 bp	13.6 bp −$14	32.6 bp −$326	256.3 bp −$25.6K	doesn't fit

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	−0.0280%	1h	0.6700	−5.939%	$85K	$38K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−3.103%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7131	+0.117%	$43K	$126K	10x	as long as short
Binance AEROUSDTshort	+0.0100%	4h	0.7133	+0.140%	$27.1M	$25.9M	75x
Bybit AEROUSDT	+0.0100%	4h	0.7126	+0.042%	$23.7M	$19.3M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7130	+0.098%	$2.4M	$5.8M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.7123	long leg	$1.7M	$509K	75x
MEXC AERO_USDT	+0.0100%	4h	0.7134	+0.154%	$8.7M	$1.5M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7127	+0.056%	$2.0M	$1.2M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.7133	+0.140%	$4.2M	$1.9M	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	0.7127	+0.056%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7089	−0.475%	$2.0M	$1.1M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7133	+0.147%	$216K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7125	+0.033%	$48K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7097	−0.369%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7103	−0.281%	$982K	$580K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.7129	+0.085%	$235K	$600K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0515% / S −0.0239%	1h	0.7098	−0.346%	$92K	—	100x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0732%	1h	0.7136	+0.183%	$57K	$684	10x	as long as short
Backpack AERO_USDC_PERP	+0.0870%	1h	0.7140	+0.236%	$102K	$249K	15x	as long as short
01 Exchange AEROUSD	+0.0872%	1h	0.7140	+0.246%	$194	$101	3x	as long as short
Hyperliquid AERO	+0.1263%	1h	0.7150	+0.383%	$23.5M	$6.1M	3x	as long as short
Lighter AERO	+0.1664%	1h	0.7152	+0.402%	$1.3M	$411K	3x	as long as short