Funding you earn now, next payment 05:00 UTC+0.0907%/8h= +99.3% APRnext payment +$1.13 per $10,000 · paid last 24h +0.083%
Price spread now: Backpack against Hyperliquid−0.083%7-day average −0.063% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.083%, 7d avg −0.063%
=Together, before fees+0.010%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$27 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AERO | 0.6883 | 0.0100 | pay 0.0013% / 1h | 8m 03s | $23.0M | $5.1M | 3x |
| Short | Backpack AERO_USDC_PERP | 0.6877 | 0.1007 | get 0.0126% / 1h | 8m 03s | $95K | $259K | 15x |
Hyperliquid AERO
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $190.45
- Price spread: −0.083% → −0.063%
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $169.45
- Costs to cover
- 0.190%
- Break-even
- 0.8 days
Slippage unknown: Hyperliquid: live order book, 5 min ago; Backpack: live order book, 45 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 Hyperliquid live order book, 5 min ago | 1.02 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 45 min ago | 0.07 bp | 7.0 bp −$7 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +0.273% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AEROlong | +0.0100% | 1h | 0.6883 | long leg | $23.0M | $5.1M | 3x | |
| Aster AEROUSDT | +0.0100% | 4h | 0.6874 | −0.136% | $40K | $119K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6878 | −0.076% | $26.1M | $24.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6874 | −0.134% | $22.3M | $18.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6879 | −0.061% | $2.3M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6860 | −0.337% | $1.6M | $464K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6874 | −0.134% | $8.3M | $1.5M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6870 | −0.192% | $2.1M | $930K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6875 | −0.119% | $4.0M | $1.8M | 75x | as long as short |
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6870 | −0.192% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6868 | −0.217% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6875 | −0.117% | $209K | $1.2M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6859 | −0.356% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0187% | 1h | 0.6866 | −0.250% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6862 | −0.304% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6862 | −0.308% | $939K | $578K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0456% | 1h | 0.6866 | −0.254% | $186 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0506% / S −0.0237% | 1h | 0.6862 | −0.314% | $89K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0658% | 1h | 0.6862 | −0.315% | $200K | $471K | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1007% | 1h | 0.6877 | −0.083% | $95K | $259K | 15x | |
| Lighter AERO | +0.1024% | 1h | 0.6878 | −0.073% | $1.3M | $494K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3376% | 1h | 0.6855 | −0.410% | $89K | $34K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX