Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.053%

Price spread now: Reya against Binance−0.059%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.059% cheaper against Binance than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 37 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.7035	0.0100	pay 0.0050% / 4h	45m 25s	$26.3M	$25.9M	75x
Short	Reya AERORUSDPERP	0.7031	0.0228	get 0.0029% / 1h	45m 25s	$20K	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.059%Rate

Funding earned: $26.92
Price spread: −0.059% → 0.000%: −$5.92
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $5
Costs to cover: 0.160%
Break-even: 5.7 days

Slippage unknown: Binance: live order book, 11 min ago; Reya: 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, 11 min ago	0.72 bp	11.7 bp −$12	24.2 bp −$242	373.4 bp −$37.3K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.891%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7031	−0.060%	$40K	$111K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.7035	long leg	$26.3M	$25.9M	75x
Bybit AEROUSDT	+0.0100%	4h	0.7032	−0.043%	$22.5M	$21.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7036	+0.014%	$2.3M	$6.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7024	−0.156%	$1.6M	$527K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7030	−0.071%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7025	−0.142%	$2.2M	$922K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.7032	−0.043%	$4.1M	$2.2M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.7027	−0.114%	—	$1.8M	—	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AERO	+0.0100%	4h	0.6986	−0.695%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7028	−0.099%	$217K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7010	−0.348%	$47K	—	3x	as long as short
Reya AERORUSDPERPshort	+0.0228%	1h	0.7031	−0.059%	$20K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.6994	−0.583%	$924K	$711K	25x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0463%	1h	0.7013	−0.313%	$56K	$11K	10x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0511% / S −0.0250%	1h	0.7009	−0.374%	$90K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.6611	−6.027%	$88K	$31K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.7039	+0.060%	$254K	$386K	3x	as long as short
Hyperliquid AERO	+0.0577%	1h	0.7043	+0.114%	$23.6M	$5.4M	3x	as long as short
01 Exchange AEROUSD	+0.0792%	1h	0.7046	+0.161%	$191	$111	3x	as long as short
Backpack AERO_USDC_PERP	+0.1103%	1h	0.7024	−0.155%	$104K	$315K	15x	as long as short
Lighter AERO	+0.1896%	1h	0.7044	+0.132%	$1.3M	$459K	3x	as long as short