Funding you earn now, next payment 05:00 UTC−0.0937%/8h= −102.6% APRnext payment −$1.17 per $10,000 · paid last 24h −0.139%
Price spread now: Injective against Backpack+0.581%7-day average +0.695% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.431%−$43 on $10k
+Price spread, last 4 days (all we have)−5.764%−$576 · spread now +0.581%, 7d avg +0.695%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Injective is 0.113% cheaper against Backpack than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.695%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.431% in total (about -22.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.17 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 | 0.6862 | 0.0970 | pay 0.0121% / 1h | 2m 36s | $94K | $259K | 15x |
| Short | Injective AERO/USDC PERP | 0.6902 | 0.0033 | get 0.0004% / 1h | 2m 36s | $4 | $209K | 5.5x |
Backpack AERO_USDC_PERP
Injective AERO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$196.74
- Price spread: +0.581% → +0.695%
- −$11.34
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$218.1
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 51 min ago; Injective: no order-book sample. 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, 51 min ago | 0.07 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | 0.0000% | 1h | 0.6857 | −0.074% | $54K | $11K | 10x | as long as short |
| Injective AERO/USDC PERPshort | +0.0033% | 1h | 0.6902 | +0.581% | $4 | $209K | 5.5x | |
| Hyperliquid AERO | +0.0100% | 1h | 0.6860 | −0.026% | $22.8M | $5.2M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6862 | −0.006% | $40K | $119K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6859 | −0.045% | $26.0M | $24.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6857 | −0.074% | $22.2M | $18.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6862 | −0.001% | $2.3M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6858 | −0.060% | $1.6M | $466K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6858 | −0.060% | $8.3M | $1.5M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6860 | −0.031% | $2.1M | $932K | 50x | as long as short |
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 | 0.6858 | −0.060% | $4.0M | $1.8M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6860 | −0.031% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6880 | +0.265% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6854 | −0.111% | $213K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6855 | −0.107% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6859 | −0.050% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6871 | +0.130% | $939K | $579K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0448% | 1h | 0.6859 | −0.048% | $186 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0506% / S −0.0237% | 1h | 0.6856 | −0.092% | $89K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0658% | 1h | 0.6855 | −0.101% | $200K | $472K | 3x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.0970% | 1h | 0.6862 | long leg | $94K | $259K | 15x | |
| Lighter AERO | +0.1008% | 1h | 0.6872 | +0.149% | $1.3M | $496K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3376% | 1h | 0.6898 | +0.523% | $90K | $34K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
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