Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against KuCoin−0.072%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$910.914% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.072%, 7d avg −0.019%

Together, before fees+0.066%+$7 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: OKX is 0.053% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AEROUSDTM	0.6989	0.0100	pay 0.0050% / 4h	12m 47s	$2.2M	$941K	50x
Short	OKX AERO-USDT-SWAP	0.6984	0.0100	get 0.0050% / 4h	12m 47s	$2.3M	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.019%: −$5.28
Slippage, 4 orders: −$69.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.66
Costs to cover: 0.914%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: live order book, 5 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 KuCoin live order book, 4 min ago	5.71 bp	32.9 bp −$33	324.3 bp −$3,243	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.43 bp	15.0 bp −$15	34.4 bp −$344	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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6983	−0.086%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.245%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6985	−0.053%	$41K	$115K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6983	−0.091%	$26.3M	$26.6M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6982	−0.100%	$22.6M	$21.9M	25x	as long as short
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6984	−0.072%	$2.3M	$7.0M	20x
Gate AERO_USDT	+0.0100%	4h	0.6981	−0.114%	$1.6M	$539K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6983	−0.086%	$8.3M	$1.7M	100x	as long as short
KuCoin AEROUSDTMlong	+0.0100%	4h	0.6989	long leg	$2.2M	$941K	50x
Bitget AEROUSDT	+0.0100%	4h	0.6987	−0.029%	$4.1M	$2.2M	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	0.6987	−0.029%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6998	+0.129%	$2.1M	$1.8M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6979	−0.147%	$217K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6979	−0.145%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6980	−0.128%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6990	+0.014%	$938K	$727K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0511% / S −0.0240%	1h	0.6980	−0.123%	$92K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.7072	+1.188%	$93K	$33K	25x	as long as short
Hyperliquid AERO	+0.0559%	1h	0.6993	+0.052%	$23.5M	$5.4M	3x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.6986	−0.043%	$210K	$406K	3x	as long as short
01 Exchange AEROUSD	+0.0592%	1h	0.6989	−0.004%	$189	$111	3x	as long as short
Backpack AERO_USDC_PERP	+0.0849%	1h	0.6987	−0.031%	$104K	$317K	15x	as long as short
Lighter AERO	+0.1688%	1h	0.6999	+0.142%	$1.3M	$461K	3x	as long as short