Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.031%

Price spread now: 01 Exchange against Binance−0.243%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 01 Exchange

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—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.243% cheaper against Binance than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 2.2 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.7001	0.0100	pay 0.0050% / 4h	3h 25m	$26.6M	$26.5M	75x
Short	01 Exchange AEROUSD	0.6984	0.0472	get 0.0059% / 1h	25m 59s	$189	$111	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.243%Rate

Funding earned: $78.12
Price spread: −0.243% → 0.000%: −$24.28
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $36.84
Costs to cover: 0.170%
Break-even: 3.7 days

Slippage unknown: Binance: live order book, 15 min ago; 01 Exchange: 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, 15 min ago	0.72 bp	15.4 bp −$15	34.1 bp −$341	421.3 bp −$42.1K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−1.414%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6984	−0.241%	$40K	$113K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.7001	long leg	$26.6M	$26.5M	75x
Bybit AEROUSDT	+0.0100%	4h	0.6998	−0.043%	$22.6M	$20.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7002	+0.014%	$2.3M	$7.0M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6987	−0.200%	$1.6M	$494K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6990	−0.157%	$8.3M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6980	−0.300%	$2.2M	$937K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.7000	−0.014%	$4.1M	$2.2M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6997	−0.057%	—	$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	0.6983	−0.252%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6999	−0.033%	$216K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6984	−0.237%	$47K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0180%	1h	0.6987	−0.200%	$55K	$11K	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6983	−0.258%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6968	−0.471%	$946K	$735K	25x	as long as short
01 Exchange AEROUSDshort	+0.0472%	1h	0.6984	−0.243%	$189	$111	3x
GMX AERO/USD [ETH-USDC]	L +0.0511% / S −0.0240%	1h	0.6983	−0.258%	$92K	—	100x	as long as short
RISEx AERO/USDC	+0.0687%	1h	0.6984	−0.250%	$221K	$390K	3x	as long as short
Hyperliquid AERO	+0.0760%	1h	0.7014	+0.179%	$23.7M	$5.3M	3x	as long as short
Backpack AERO_USDC_PERP	+0.1410%	1h	0.7008	+0.100%	$134K	$313K	15x	as long as short
Lighter AERO	+0.1616%	1h	0.7005	+0.051%	$1.3M	$459K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3896%	1h	0.6999	−0.029%	$92K	$35K	25x	as long as short