Funding you earn now, next payment 23:00 UTC−0.0812%/8h= −88.9% APRpaid last 24h −0.175%
Price spread now: Binance against Lighter−0.239%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.782%−$78 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.239%, 7d avg −0.165%
=Together, before fees−0.609%+ Points / potential airdropLighter: Season 3 · farm board−$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Binance is 0.074% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.165%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AERO | 0.6902 | 0.0912 | pay 0.0114% / 1h | 48m 38s | $1.3M | $464K | 3x |
| Short | Binance AEROUSDT | 0.6886 | 0.0100 | get 0.0050% / 4h | 1h 48m | $25.5M | $25.6M | 75x |
Lighter AERO
Binance AEROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$170.52
- Price spread: −0.239% → −0.165%
- −$7.36
- Slippage, 4 orders
- −$54.18
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$242.06
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Binance: live order book, 8 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 Lighter live order book, 2 min ago | 2.97 bp | 27.0 bp −$27 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.73 bp | 14.2 bp −$14 | 35.3 bp −$353 | 319.1 bp −$31.9K | 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 | −0.0186% | 1h | 0.6882 | −0.293% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6888 | −0.209% | $23.2M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6886 | −0.242% | $39K | $110K | 10x | as long as short |
| Binance AEROUSDTshort | +0.0100% | 4h | 0.6886 | −0.239% | $25.5M | $25.6M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6886 | −0.235% | $21.9M | $20.6M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6886 | −0.235% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6879 | −0.336% | $1.6M | $522K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6886 | −0.235% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6883 | −0.278% | $2.1M | $873K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6880 | −0.322% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster 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 | 0.6884 | −0.264% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6883 | −0.272% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6883 | −0.275% | $202K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6883 | −0.283% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | −0.003% | $4 | $209K | 5.5x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6880 | −0.317% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0232% | 1h | 0.6891 | −0.165% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6886 | −0.235% | $912K | $694K | 25x | as long as short |
| Backpack AERO_USDC_PERP | +0.0498% | 1h | 0.6891 | −0.156% | $102K | $314K | 15x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0223% | 1h | 0.6882 | −0.299% | $92K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6889 | −0.191% | $213K | $379K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6911 | +0.127% | $92K | $32K | 25x | as long as short |
| Lighter AEROlong | +0.0912% | 1h | 0.6902 | long leg | $1.3M | $464K | 3x |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Injective AERO/USDC PERP
Reya AERORUSDPERP
01 Exchange AEROUSD
BloFin AERO-USDT
Backpack AERO_USDC_PERP
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Coinbase International AERO-PERP-INTX