Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.026%
Price spread now: Injective against Binance+0.203%77s7-day average +0.765% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 3 days (all we have)−3.007%−$301 · spread now +0.203%, 7d avg +0.765%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.562% cheaper against Binance than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of +0.765%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AEROUSDT | 0.6888 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $26.1M | $25.4M | 75x |
| Short | Injective AERO/USDC PERP | 0.6902 | 0.0033 | get 0.0004% / 1h | 58m 10s | $4 | $209K | 5.5x |
Binance AEROUSDT
Injective AERO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- −$14
- Price spread: +0.203% → +0.765%
- −$56.19
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$80.21
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago | 0.73 bp | 15.6 bp −$16 | 31.5 bp −$315 | 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 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 PERPshort | +0.0033% | 1h | 0.6902 | +0.203% | $4 | $209K | 5.5x | |
| Deribit AERO_USDC-PERPETUAL | +0.0040% | 1h | 0.6896 | +0.116% | $55K | $11K | 10x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6897 | +0.128% | $40K | $117K | 10x | as long as short |
| Binance AEROUSDTlong | +0.0100% | 4h | 0.6888 | long leg | $26.1M | $25.4M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6885 | −0.044% | $22.4M | $19.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6884 | −0.058% | $2.3M | $6.6M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6892 | +0.058% | $1.6M | $477K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6892 | +0.058% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6910 | +0.319% | $2.1M | $939K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6890 | +0.029% | $4.1M | $2.0M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Aster 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 | 0.6894 | +0.087% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6901 | +0.193% | $2.0M | $1.3M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6880 | −0.121% | $205K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6895 | +0.102% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6898 | +0.148% | $19K | $4K | 15x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0505% / S −0.0237% | 1h | 0.6892 | +0.064% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0540% | 1h | 0.6904 | +0.237% | $214K | $405K | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0552% | 1h | 0.6910 | +0.325% | $187 | $101 | 3x | as long as short |
| Hyperliquid AERO | +0.0640% | 1h | 0.6899 | +0.166% | $23.2M | $5.3M | 3x | as long as short |
| Lighter AERO | +0.1176% | 1h | 0.6916 | +0.408% | $1.3M | $491K | 3x | as long as short |
| Backpack AERO_USDC_PERP | +0.1235% | 1h | 0.6900 | +0.180% | $118K | $283K | 15x | as long as short |
| Coinbase International AERO-PERP-INTX | +1.0840% | 1h | 0.6912 | +0.348% | $90K | $36K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
01 Exchange AEROUSD
Hyperliquid AERO
Lighter AERO
Backpack AERO_USDC_PERP
Coinbase International AERO-PERP-INTX