Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.044%

Price spread now: BingX against Reya+0.075%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on BingX

What this pair did over the last

the charts below follow

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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. BingX is 0.075% dearer against Reya than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AERORUSDPERP	0.6884	0.0228	pay 0.0029% / 1h	15m 23s	$19K	$4K	15x
Short	BingX AERO-USDT	0.6889	0.0100	get 0.0050% / 4h	1h 15m	—	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$26.92
Price spread: +0.075% → 0.000%: $7.49
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.44
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	2.90 bp	16.1 bp −$16	32.3 bp −$323	232.3 bp −$23.2K	807.6 bp −$403.8K

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
Coinbase International AERO-PERP-INTX	−0.1896%	1h	0.6896	+0.177%	$89K	$37K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.264%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6888	+0.060%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6893	+0.133%	$42K	$128K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6886	+0.024%	$25.9M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6886	+0.031%	$22.5M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6886	+0.031%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6888	+0.060%	$1.6M	$477K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6886	+0.031%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6891	+0.104%	$2.0M	$1.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6885	+0.017%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDTshort	+0.0100%	4h	0.6889	+0.075%	—	$1.8M	—
Variational Omni AERO	+0.0100%	4h	0.6889	+0.079%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6883	−0.013%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6886	+0.024%	$46K	—	3x	as long as short
Hyperliquid AERO	+0.0215%	1h	0.6888	+0.063%	$22.7M	$5.3M	3x	as long as short
Reya AERORUSDPERPlong	+0.0228%	1h	0.6884	long leg	$19K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.6897	+0.191%	$935K	$583K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6890	+0.088%	$187	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6884	0.000%	$201K	$525K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0517% / S −0.0255%	1h	0.6879	−0.072%	$90K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0693%	1h	0.6893	+0.137%	$94K	$260K	15x	as long as short
Lighter AERO	+0.0840%	1h	0.6898	+0.213%	$1.3M	$499K	3x	as long as short