Funding you earn now, next payment 07:00 UTC−0.0552%/8h= −60.4% APRpaid last 24h −0.127%
Price spread now: Binance against Backpack−0.076%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.312%−$31 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.076%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Binance is 0.049% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.312% in total (about -16.3% 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 | Backpack AERO_USDC_PERP | 0.6835 | 0.0652 | pay 0.0081% / 1h | 34m 30s | $93K | $260K | 15x |
| Short | Binance AEROUSDT | 0.6829 | 0.0100 | get 0.0050% / 4h | 1h 34m | $25.8M | $25.3M | 75x |
Backpack AERO_USDC_PERP
Binance AEROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. 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
- −$115.87
- Price spread: −0.076% → −0.027%
- −$4.93
- Slippage, 4 orders
- −$20.88
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$161.68
- Costs to cover
- 0.409%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 9 min ago; Binance: live order book, 7 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 Backpack live order book, 9 min ago | 0.07 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.73 bp | 11.4 bp −$11 | 25.5 bp −$255 | 276.4 bp −$27.6K | 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 | −0.1896% | 1h | 0.7296 | +6.751% | $94K | $39K | 25x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +0.986% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6830 | −0.067% | $42K | $125K | 10x | as long as short |
| Binance AEROUSDTshort | +0.0100% | 4h | 0.6829 | −0.076% | $25.8M | $25.3M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6831 | −0.053% | $22.3M | $18.2M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6833 | −0.023% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6828 | −0.097% | $1.6M | $473K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6830 | −0.067% | $8.4M | $1.4M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6829 | −0.082% | $2.0M | $1.1M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6829 | −0.082% | $4.0M | $1.9M | 75x | as long as short |
Coinbase International AERO-PERP-INTX
Injective AERO/USDC PERP
Aster AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6829 | −0.082% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6837 | +0.032% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6829 | −0.087% | $202K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6828 | −0.089% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6828 | −0.090% | $19K | $4K | 15x | as long as short |
| Hyperliquid AERO | +0.0299% | 1h | 0.6838 | +0.047% | $22.6M | $5.3M | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6848 | +0.196% | $935K | $592K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0408% | 1h | 0.6834 | −0.007% | $185 | $101 | 3x | as long as short |
| RISEx AERO/USDC | +0.0491% | 1h | 0.6830 | −0.061% | $196K | $527K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0505% / S −0.0246% | 1h | 0.6827 | −0.105% | $87K | — | 100x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0630% | 1h | 0.6828 | −0.097% | $54K | $11K | 10x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0652% | 1h | 0.6835 | long leg | $93K | $260K | 15x | |
| Lighter AERO | +0.0896% | 1h | 0.6845 | +0.157% | $1.3M | $499K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
Hyperliquid AERO
BloFin AERO-USDT
01 Exchange AEROUSD
RISEx AERO/USDC
GMX AERO/USD [ETH-USDC]
Deribit AERO_USDC-PERPETUAL
Lighter AERO