Funding you earn now, next payment 02:00 UTC−0.1062%/8h= −116.3% APRnext payment −$1.33 per $10,000 · paid last 24h −0.052%
Price spread now: Hyperliquid against Backpack−0.076%7-day average +0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.076%, 7d avg +0.067%
=Together, before fees+0.253%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Hyperliquid is 0.143% cheaper against Backpack than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 per $10,000. 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 | 0.6899 | 0.1162 | pay 0.0145% / 1h | 29m 41s | $131K | $280K | 15x |
| Short | Hyperliquid AERO | 0.6893 | 0.0100 | get 0.0013% / 1h | 29m 41s | $23.2M | $5.3M | 3x |
Backpack AERO_USDC_PERP
Hyperliquid AEROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$223.03
- Price spread: −0.076% → +0.067%
- −$14.3
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$256.33
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 39 min ago; Hyperliquid: live order book, 3 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 Backpack live order book, 39 min ago | 0.07 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.09 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
AERO on 22 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 | +0.048% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AEROshort | +0.0100% | 1h | 0.6893 | −0.076% | $23.2M | $5.3M | 3x | |
| Aster AEROUSDT | +0.0100% | 4h | 0.6889 | −0.141% | $39K | $117K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6889 | −0.141% | $26.1M | $25.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6885 | −0.199% | $22.4M | $19.4M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6888 | −0.155% | $2.3M | $6.6M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6887 | −0.170% | $1.6M | $504K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6892 | −0.097% | $8.2M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6887 | −0.170% | $2.1M | $930K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6890 | −0.126% | $4.0M | $2.0M | 75x | as long as short |
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6891 | −0.112% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6875 | −0.337% | $2.0M | $1.3M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6888 | −0.157% | $205K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6883 | −0.230% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0186% | 1h | 0.6887 | −0.170% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6884 | −0.214% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0392% | 1h | 0.6896 | −0.039% | $187 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0504% / S −0.0237% | 1h | 0.6881 | −0.256% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0660% | 1h | 0.6890 | −0.125% | $207K | $400K | 3x | as long as short |
| Lighter AERO | +0.0848% | 1h | 0.6909 | +0.144% | $1.3M | $495K | 3x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.1162% | 1h | 0.6899 | long leg | $131K | $280K | 15x | |
| Coinbase International AERO-PERP-INTX | +0.3256% | 1h | 0.7345 | +6.469% | $96K | $38K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX