Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.057%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.057%, 7d avg +0.021%

Together, before fees−0.043%−$4 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: Bybit is 0.078% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AEROUSDT	0.7030	0.0100	pay 0.0050% / 4h	3h 09m	$4.2M	$2.0M	75x
Short	Bybit AEROUSDT	0.7026	0.0100	get 0.0050% / 4h	3h 09m	$22.7M	$20.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.021%: −$7.83
Slippage, 4 orders: −$37.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.58
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	3.57 bp	17.4 bp −$17	35.3 bp −$353	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.71 bp	13.4 bp −$13	33.4 bp −$334	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
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.821%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7031	+0.014%	$42K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7032	+0.028%	$26.8M	$25.9M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.7026	−0.057%	$22.7M	$20.2M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7033	+0.043%	$2.4M	$6.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7031	+0.014%	$1.6M	$502K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7033	+0.043%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7039	+0.128%	$2.2M	$934K	50x	as long as short
Bitget AEROUSDTlong	+0.0100%	4h	0.7030	long leg	$4.2M	$2.0M	75x
BingX AERO-USDT	+0.0100%	4h	0.7030	0.000%	—	$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	0.7016	−0.194%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7032	+0.030%	$218K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7035	+0.071%	$47K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0177%	1h	0.7033	+0.043%	$56K	$11K	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7037	+0.099%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7032	+0.028%	$955K	$703K	25x	as long as short
01 Exchange AEROUSD	+0.0472%	1h	0.7047	+0.236%	$191	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0513% / S −0.0240%	1h	0.7032	+0.026%	$92K	—	100x	as long as short
RISEx AERO/USDC	+0.0687%	1h	0.7042	+0.166%	$235K	$400K	3x	as long as short
Hyperliquid AERO	+0.0901%	1h	0.7043	+0.188%	$23.8M	$4.8M	3x	as long as short
Backpack AERO_USDC_PERP	+0.1418%	1h	0.7040	+0.149%	$135K	$293K	15x	as long as short
Lighter AERO	+0.1672%	1h	0.7048	+0.260%	$1.3M	$464K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3896%	1h	0.7002	−0.398%	$92K	$36K	25x	as long as short