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: Binance against BingX+0.062%7-day average +0.009% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on BingX Short on Binance

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−0.062%−$6 · spread now +0.062%, 7d avg +0.009%

Together, before fees−0.065%−$7 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: Binance is 0.053% dearer against BingX than usual: you sell high and buy low, +$5 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	BingX AERO-USDT	0.6918	0.0100	pay 0.0050% / 4h	3h 46m	—	$1.8M	—
Short	Binance AEROUSDT	0.6922	0.0100	get 0.0050% / 4h	3h 46m	$26.0M	$25.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.009%: $5.28
Slippage, 4 orders: −$39.69
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.4
Costs to cover: 0.597%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Binance: live order book, 10 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 BingX live order book, 1 min ago	2.88 bp	17.8 bp −$18	29.0 bp −$290	248.1 bp −$24.8K	672.7 bp −$336.3K
Sell Binance live order book, 10 min ago	0.73 bp	12.3 bp −$12	28.0 bp −$280	318.9 bp −$31.9K	doesn't fit

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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.6942	+0.347%	$88K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.231%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6929	+0.154%	$42K	$127K	10x	as long as short
Binance AEROUSDTshort	+0.0100%	4h	0.6922	+0.062%	$26.0M	$25.0M	75x
Bybit AEROUSDT	+0.0100%	4h	0.6922	+0.058%	$22.6M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6930	+0.173%	$2.3M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6919	+0.014%	$1.6M	$465K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6924	+0.087%	$8.5M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6925	+0.101%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6920	+0.029%	$4.1M	$1.9M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDTlong	+0.0100%	4h	0.6918	long leg	—	$1.8M	—
Variational Omni AERO	+0.0100%	4h	0.6911	−0.096%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6920	+0.032%	$210K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6925	+0.108%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6929	+0.161%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6922	+0.058%	$944K	$573K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6920	+0.022%	$218K	$556K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0520% / S −0.0255%	1h	0.6921	+0.048%	$90K	—	100x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0617%	1h	0.6930	+0.173%	$55K	$11K	10x	as long as short
01 Exchange AEROUSD	+0.0712%	1h	0.6953	+0.512%	$188	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0811%	1h	0.6929	+0.162%	$96K	$262K	15x	as long as short
Hyperliquid AERO	+0.0882%	1h	0.6931	+0.182%	$22.8M	$5.4M	3x	as long as short
Lighter AERO	+0.1496%	1h	0.6935	+0.249%	$1.3M	$386K	3x	as long as short