Settings8H · net · $10k
Funding arb · Price arb /

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0638%/8h= +69.8% APRpaid last 24h +0.030%
Price spread now: Hyperliquid against OKX+0.093%7-day average +0.091% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.211%+$21 on $10k
Price spread, last 7 days−0.054%−$5 · spread now +0.093%, 7d avg +0.091%
Together, before fees+0.156%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: +$19 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 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AERO-USDT-SWAP0.69950.0100pay 0.0050% / 4h3h 34m$2.3M$7.0M20x
ShortHyperliquid AERO0.70020.0738get 0.0092% / 1h34m 44s$23.5M$5.3M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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

Funding earned
$133.92
Price spread: +0.093% → +0.091%
$0.15
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$115.08
Costs to cover
0.190%
Break-even
1.0 days
Slippage unknown: OKX: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.72 bp17.4 bp −$1744.9 bp −$449doesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago1.29 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AERO/USDC PERP+0.0033%1h0.6902−1.330%$4$209K5.5xas long as short
Aster AEROUSDT+0.0100%4h0.6987−0.112%$40K$112K10xas long as short
Binance AEROUSDT+0.0100%4h0.69950.000%$26.6M$26.6M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6990−0.071%$22.6M$21.1M25xas long as short
OKX AERO-USDT-SWAPlong+0.0100%4h0.6995long leg$2.3M$7.0M20x
Gate AERO_USDT+0.0100%4h0.6988−0.100%$1.6M$493K75xas long as short
MEXC AERO_USDT+0.0100%4h0.69950.000%$8.3M$1.7M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6991−0.057%$2.2M$939K50xas long as short
Bitget AEROUSDT+0.0100%4h0.6992−0.043%$4.1M$2.2M75xas long as short
BingX AERO-USDT+0.0100%4h0.6993−0.029%$1.8Mas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AERO+0.0100%4h0.6993−0.030%$2.0M$1.8Mas long as short
Extended AERO-USD+0.0104%1h0.6993−0.035%$219K$1.9M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6987−0.115%$47K3xas long as short
Deribit AERO_USDC-PERPETUAL+0.0180%1h0.6985−0.143%$55K$11K10xas long as short
Reya AERORUSDPERP+0.0228%1h0.6984−0.162%$20K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.6978−0.243%$941K$737K25xas long as short
01 Exchange AEROUSD+0.0496%1h0.7002+0.094%$190$1113xas long as short
GMX AERO/USD [ETH-USDC]L +0.0511% / S −0.0240%1h0.6982−0.192%$92K100xas long as short
RISEx AERO/USDC+0.0687%1h0.6996+0.017%$222K$398K3xas long as short
Hyperliquid AEROshort+0.0738%1h0.7002+0.093%$23.5M$5.3M3x
Backpack AERO_USDC_PERP+0.1410%1h0.6996+0.017%$134K$320K15xas long as short
Lighter AERO+0.1632%1h0.7007+0.170%$1.3M$457K3xas long as short
Coinbase International AERO-PERP-INTX+0.3896%1h0.6965−0.429%$92K$35K25xas long as short