Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.096%

Price spread now: KuCoin against RISEx+0.022%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$960.963% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.493%−$49 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.022%, 7d avg +0.002%

Together, before fees−0.591%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.020% dearer against RISEx than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of +0.002%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AERO/USDC	0.6867	0.0416	pay 0.0052% / 1h	32m 50s	$201K	$530K	3x
Short	KuCoin AEROUSDTM	0.6869	0.0100	get 0.0050% / 4h	32m 50s	$2.0M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$66.3
Price spread: +0.022% → +0.002%: $2.03
Slippage, 4 orders: −$78.27
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$160.54
Costs to cover: 0.963%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; KuCoin: live order book, 4 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 RISEx live order book, 5 min ago	1.02 bp	4.0 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.18 bp	52.1 bp −$52	270.3 bp −$2,703	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
Coinbase International AERO-PERP-INTX	−0.0360%	1h	0.6877	+0.138%	$88K	$37K	25x	as long as short
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6867	−0.007%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.502%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6870	+0.030%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6872	+0.062%	$25.9M	$25.2M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6866	−0.022%	$22.4M	$18.1M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6872	+0.066%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6864	−0.051%	$1.6M	$478K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6870	+0.036%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6869	+0.022%	$2.0M	$1.1M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6869	+0.022%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6866	−0.022%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6862	−0.078%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6871	+0.050%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6863	−0.068%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6866	−0.023%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0259%	1h	0.6879	+0.166%	$22.7M	$5.3M	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6866	−0.022%	$943K	$581K	25x	as long as short
RISEx AERO/USDClong	+0.0416%	1h	0.6867	long leg	$201K	$530K	3x
01 Exchange AEROUSD	+0.0480%	1h	0.6874	+0.093%	$186	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0517% / S −0.0255%	1h	0.6864	−0.046%	$90K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0648%	1h	0.6875	+0.108%	$93K	$260K	15x	as long as short
Lighter AERO	+0.0880%	1h	0.6887	+0.280%	$1.3M	$394K	3x	as long as short