Funding you earn now, next payment 03:00 UTC+0.0933%/8h= +102.1% APRpaid last 24h +0.096%
Price spread now: Backpack against Variational Omni+0.059%7-day average −0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.254%+$25 on $10k
+Price spread, last 4 days (all we have)−0.873%−$87 · spread now +0.059%, 7d avg −0.040%
=Together, before fees−0.619%+ Points / potential airdropVariational Omni: Active · farm board−$62 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Backpack is 0.098% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.040%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.254% in total (about 27.0% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AERO | 0.6891 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $2.0M | $1.3M | — |
| Short | Backpack AERO_USDC_PERP | 0.6895 | 0.1033 | get 0.0129% / 1h | 36m 20s | $113K | $294K | 15x |
Variational Omni AERO
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $195.85
- Price spread: +0.059% → −0.040%
- $9.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $195.68
- Costs to cover
- 0.100%
- Break-even
- 0.0 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Backpack: live order book, 27 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 Variational Omni RFQ quote, 3 min ago | 4.36 bp | doesn't fit | 32.0 bp −$320 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 27 min ago | 0.07 bp | 25.9 bp −$26 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +0.157% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0041% | 1h | 0.6884 | −0.104% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6903 | +0.173% | $23.2M | $5.1M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6898 | +0.099% | $39K | $117K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6895 | +0.054% | $26.1M | $25.2M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6896 | +0.070% | $22.5M | $19.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6900 | +0.128% | $2.3M | $6.5M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6891 | −0.002% | $1.6M | $482K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6890 | −0.017% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6893 | +0.027% | $2.1M | $938K | 50x | as long as short |
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6890 | −0.017% | $4.1M | $1.9M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6892 | +0.012% | — | $1.7M | — | as long as short |
| Variational Omni AEROlong | +0.0100% | 4h | 0.6891 | long leg | $2.0M | $1.3M | — | |
| Extended AERO-USD | +0.0104% | 1h | 0.6895 | +0.061% | $206K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6874 | −0.246% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6891 | +0.002% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6886 | −0.075% | $938K | $631K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0400% | 1h | 0.6903 | +0.176% | $187 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0506% / S −0.0237% | 1h | 0.6895 | +0.049% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0540% | 1h | 0.6898 | +0.096% | $207K | $405K | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1033% | 1h | 0.6895 | +0.059% | $113K | $294K | 15x | |
| Lighter AERO | +0.1208% | 1h | 0.6915 | +0.339% | $1.3M | $498K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +1.0840% | 1h | 0.6899 | +0.114% | $90K | $36K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX