Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.049%

Price spread now: Deribit against BingX+0.203%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.203% dearer against BingX than usual: you sell high and buy low (spread +0.203% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AERO-USDT	0.6898	0.0100	pay 0.0050% / 4h	2h 42m	—	$1.8M	—
Short	Deribit AERO_USDC-PERPETUAL	0.6912	0.0039	get 0.0005% / 1h	42m 49s	$55K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now +0.203%Rate

Funding earned: −$12.81
Price spread: +0.203% → 0.000%: $20.3
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.51
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BingX: live order book, 5 min ago; Deribit: 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 BingX live order book, 5 min ago	2.17 bp	15.8 bp −$16	25.4 bp −$254	166.6 bp −$16.7K	734.7 bp −$367.4K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	+0.058%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUALshort	+0.0039%	1h	0.6912	+0.203%	$55K	$11K	10x
Hyperliquid AERO	+0.0100%	1h	0.6903	+0.078%	$23.2M	$5.0M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6901	+0.041%	$41K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6896	−0.034%	$26.2M	$25.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6895	−0.043%	$22.4M	$19.6M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6900	+0.029%	$2.3M	$6.6M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6904	+0.087%	$1.6M	$495K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6897	−0.014%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6909	+0.159%	$2.1M	$929K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6902	+0.058%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDTlong	+0.0100%	4h	0.6898	long leg	—	$1.8M	—
Variational Omni AERO	+0.0100%	4h	0.6913	+0.224%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6895	−0.039%	$220K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6909	+0.163%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6915	+0.242%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6934	+0.522%	$949K	$686K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6924	+0.373%	$188	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6912	+0.201%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6919	+0.301%	$208K	$400K	3x	as long as short
Lighter AERO	+0.0680%	1h	0.6909	+0.167%	$1.3M	$473K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1149%	1h	0.6915	+0.252%	$135K	$270K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7393	+7.176%	$97K	$38K	25x	as long as short