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: Bybit against Gate+0.116%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.116%, 7d avg +0.017%

Together, before fees0.000%$0 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: Bybit is 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.6921	0.0100	pay 0.0050% / 4h	3h 47m	$1.6M	$463K	75x
Short	Bybit AEROUSDT	0.6929	0.0100	get 0.0050% / 4h	3h 47m	$22.6M	$17.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.017%: $9.85
Slippage, 4 orders: −$52.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.29
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago	2.90 bp	20.8 bp −$21	225.1 bp −$2,251	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.72 bp	11.9 bp −$12	36.6 bp −$366	doesn't fit	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	0.6935	+0.202%	$88K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.275%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6931	+0.144%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6931	+0.151%	$26.1M	$25.0M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.6929	+0.116%	$22.6M	$17.9M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6938	+0.246%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.6921	long leg	$1.6M	$463K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6927	+0.087%	$8.5M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6923	+0.029%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6929	+0.116%	$4.0M	$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	0.6931	+0.144%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6911	−0.139%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6923	+0.026%	$208K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6916	−0.077%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6921	+0.006%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6920	−0.014%	$944K	$573K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6920	−0.021%	$218K	$556K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0519% / S −0.0255%	1h	0.6917	−0.059%	$90K	—	100x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0617%	1h	0.6923	+0.029%	$55K	$11K	10x	as long as short
01 Exchange AEROUSD	+0.0680%	1h	0.6938	+0.243%	$188	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0789%	1h	0.6924	+0.040%	$96K	$262K	15x	as long as short
Hyperliquid AERO	+0.0878%	1h	0.6942	+0.298%	$22.9M	$5.4M	3x	as long as short
Lighter AERO	+0.1464%	1h	0.6933	+0.169%	$1.3M	$386K	3x	as long as short