Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.031%

Price spread now: Bybit against 01 Exchange+0.029%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Bybit

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—needs both histories

The price spread pays, funding is against you. Bybit is 0.029% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AEROUSD	0.6973	0.0488	pay 0.0061% / 1h	30m 04s	$189	$111	3x
Short	Bybit AEROUSDT	0.6975	0.0100	get 0.0050% / 4h	3h 30m	$22.6M	$21.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$81.48
Price spread: +0.029% → 0.000%: $2.87
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.72 bp	13.6 bp −$14	30.8 bp −$308	280.1 bp −$28.0K	doesn't fit

01 Exchange: 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	−1.018%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0037%	1h	0.6971	−0.029%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6971	−0.030%	$40K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6979	+0.083%	$26.5M	$26.5M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.6975	+0.029%	$22.6M	$21.0M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6980	+0.100%	$2.3M	$7.0M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6971	−0.029%	$1.6M	$493K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6973	0.000%	$8.3M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6976	+0.043%	$2.2M	$937K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6974	+0.014%	$4.1M	$2.2M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6978	+0.072%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6980	+0.099%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6977	+0.061%	$216K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6967	−0.086%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6969	−0.051%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6979	+0.086%	$945K	$736K	25x	as long as short
01 Exchange AEROUSDlong	+0.0488%	1h	0.6973	long leg	$189	$111	3x
GMX AERO/USD [ETH-USDC]	L +0.0511% / S −0.0240%	1h	0.6968	−0.073%	$91K	—	100x	as long as short
RISEx AERO/USDC	+0.0687%	1h	0.6978	+0.066%	$221K	$396K	3x	as long as short
Hyperliquid AERO	+0.0736%	1h	0.6990	+0.242%	$23.5M	$5.3M	3x	as long as short
Backpack AERO_USDC_PERP	+0.1405%	1h	0.6986	+0.191%	$134K	$320K	15x	as long as short
Lighter AERO	+0.1616%	1h	0.6990	+0.251%	$1.3M	$459K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3896%	1h	0.6965	−0.115%	$92K	$35K	25x	as long as short