Funding you earn now, next payment 22:00 UTC+0.0344%/8h= +37.6% APRpaid last 24h +0.058%
Price spread now: Backpack against Bitget+0.169%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.169%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Backpack is 0.092% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.077%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AEROUSDT | 0.6866 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $4.1M | $2.2M | 75x |
| Short | Backpack AERO_USDC_PERP | 0.6878 | 0.0444 | get 0.0055% / 1h | 31m 38s | $101K | $313K | 15x |
Bitget AEROUSDT
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $72.17
- Price spread: +0.169% → +0.077%
- $9.22
- Slippage, 4 orders
- −$24.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $35.2
- Costs to cover
- 0.462%
- Break-even
- 3.6 days
Slippage from Bitget: live order book, 1 min ago; Backpack: live order book, 56 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 Bitget live order book, 1 min ago | 3.64 bp | 14.5 bp −$14 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 56 min ago | 0.58 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | −0.0186% | 1h | 0.6870 | +0.058% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0052% | 1h | 0.6891 | +0.364% | $4 | $166K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6874 | +0.117% | $23.1M | $5.7M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6874 | +0.117% | $38K | $108K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6870 | +0.066% | $25.4M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6868 | +0.029% | $21.8M | $20.5M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6870 | +0.058% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6869 | +0.044% | $1.6M | $562K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6871 | +0.073% | $8.1M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6871 | +0.073% | $2.2M | $860K | 50x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDTlong | +0.0100% | 4h | 0.6866 | long leg | $4.1M | $2.2M | 75x | |
| BingX AERO-USDT | +0.0100% | 4h | 0.6871 | +0.073% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6866 | +0.004% | $1.9M | $1.6M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6869 | +0.051% | $201K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6871 | +0.076% | $46K | — | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0216% | 1h | 0.6876 | +0.140% | $186 | $115 | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6870 | +0.065% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6876 | +0.146% | $910K | $701K | 25x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.0444% | 1h | 0.6878 | +0.169% | $101K | $313K | 15x | |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0229% | 1h | 0.6870 | +0.058% | $91K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0530% | 1h | 0.6875 | +0.124% | $221K | $374K | 3x | as long as short |
| Lighter AERO | +0.0808% | 1h | 0.6885 | +0.284% | $1.3M | $492K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.1488% | 1h | 0.6869 | +0.044% | $91K | $18K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
01 Exchange AEROUSD
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX