Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.046%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.046%, 7d avg −0.009%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.036% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.7086	0.0100	pay 0.0050% / 4h	2h 55m	$27.0M	$26.0M	75x
Short	BingX AERO-USDT	0.7083	0.0100	get 0.0050% / 4h	2h 55m	—	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.009%: −$3.65
Slippage, 4 orders: −$40.22
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$63.87
Costs to cover: 0.602%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; BingX: live order book, 3 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 Binance live order book, 1 min ago	0.70 bp	14.2 bp −$14	52.1 bp −$521	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.82 bp	12.8 bp −$13	29.9 bp −$299	297.6 bp −$29.8K	778.6 bp −$389.3K

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	−2.600%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7086	+0.001%	$43K	$120K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.7086	long leg	$27.0M	$26.0M	75x
Bybit AEROUSDT	+0.0100%	4h	0.7082	−0.060%	$23.6M	$19.4M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7092	+0.081%	$2.4M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7086	−0.004%	$1.7M	$473K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7087	+0.011%	$8.6M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7089	+0.039%	$2.0M	$1.2M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.7081	−0.074%	$4.2M	$2.0M	75x	as long as short
BingX AERO-USDTshort	+0.0100%	4h	0.7083	−0.046%	—	$1.8M	—

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AERO	+0.0100%	4h	0.7143	+0.802%	$2.0M	$1.1M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7087	+0.015%	$215K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7108	+0.306%	$48K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0173%	1h	0.7091	+0.067%	$56K	$684	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7093	+0.095%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7109	+0.321%	$980K	$591K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0517% / S −0.0233%	1h	0.7084	−0.036%	$93K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0680%	1h	0.7087	+0.005%	$100K	$251K	15x	as long as short
RISEx AERO/USDC	+0.0706%	1h	0.7091	+0.064%	$233K	$590K	3x	as long as short
01 Exchange AEROUSD	+0.0984%	1h	0.7103	+0.234%	$192	$101	3x	as long as short
Hyperliquid AERO	+0.1386%	1h	0.7100	+0.192%	$23.4M	$6.1M	3x	as long as short
Lighter AERO	+0.1712%	1h	0.7108	+0.303%	$1.3M	$396K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3888%	1h	0.7100	+0.194%	$90K	$40K	25x	as long as short