Funding you earn now, next payment 04:00 UTC−0.0548%/8h= −60.0% APRnext payment −$0.68 per $10,000 · paid last 24h −0.169%
Price spread now: Reya against Lighter−0.102%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Reya is 0.102% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AERO | 0.6886 | 0.0776 | pay 0.0097% / 1h | 36m 46s | $1.3M | $485K | 3x |
| Short | Reya AERORUSDPERP | 0.6879 | 0.0228 | get 0.0029% / 1h | 36m 46s | $19K | $4K | 15x |
Lighter AERO
Reya AERORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$115.04
- Price spread: −0.102% → 0.000%
- −$10.19
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$131.23
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Reya: no order-book sample. 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 Lighter live order book, 4 min ago | 5.80 bp | 29.5 bp −$29 | 94.3 bp −$943 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.227% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6878 | −0.115% | $23.1M | $5.0M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6883 | −0.049% | $40K | $116K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6873 | −0.193% | $26.1M | $24.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6870 | −0.238% | $22.3M | $18.2M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6872 | −0.209% | $2.3M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6878 | −0.122% | $1.6M | $460K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6874 | −0.180% | $8.2M | $1.5M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6884 | −0.035% | $2.1M | $929K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6875 | −0.166% | $4.0M | $1.8M | 75x | as long as short |
Injective AERO/USDC PERP
Hyperliquid AERO
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 | 0.6878 | −0.122% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6870 | −0.235% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6877 | −0.136% | $208K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6883 | −0.051% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0186% | 1h | 0.6884 | −0.035% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERPshort | +0.0228% | 1h | 0.6879 | −0.102% | $19K | $4K | 15x | |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6867 | −0.282% | $936K | $581K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0352% | 1h | 0.6893 | +0.089% | $187 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0507% / S −0.0237% | 1h | 0.6880 | −0.086% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0677% | 1h | 0.6888 | +0.022% | $210K | $438K | 3x | as long as short |
| Lighter AEROlong | +0.0776% | 1h | 0.6886 | long leg | $1.3M | $485K | 3x | |
| Backpack AERO_USDC_PERP | +0.0859% | 1h | 0.6888 | +0.023% | $113K | $292K | 15x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.6656% | 1h | 0.6880 | −0.093% | $90K | $35K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Backpack AERO_USDC_PERP
Coinbase International AERO-PERP-INTX