Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.049%

Price spread now: Reya against Bitget−0.025%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.025% cheaper against Bitget than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AEROUSDT	0.6890	0.0100	pay 0.0050% / 4h	1h 06m	$4.0M	$1.9M	75x
Short	Reya AERORUSDPERP	0.6888	0.0228	get 0.0029% / 1h	6m 17s	$19K	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.025%Rate

Funding earned: $26.92
Price spread: −0.025% → 0.000%: −$2.5
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.42
Costs to cover: 0.180%
Break-even: 5.3 days

Slippage unknown: Bitget: live order book, 2 min ago; Reya: 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 Bitget live order book, 2 min ago	2.90 bp	21.1 bp −$21	57.0 bp −$570	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6885	−0.073%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.174%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6895	+0.072%	$39K	$116K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6888	−0.025%	$26.1M	$24.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6887	−0.044%	$22.4M	$18.4M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6885	−0.073%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6893	+0.044%	$1.6M	$487K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6887	−0.044%	$8.2M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6900	+0.145%	$2.1M	$931K	50x	as long as short
Bitget AEROUSDTlong	+0.0100%	4h	0.6890	long leg	$4.0M	$1.9M	75x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6891	+0.015%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6912	+0.314%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6883	−0.106%	$210K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6884	−0.086%	$46K	—	3x	as long as short
Reya AERORUSDPERPshort	+0.0228%	1h	0.6888	−0.025%	$19K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.6914	+0.348%	$945K	$612K	25x	as long as short
Hyperliquid AERO	+0.0400%	1h	0.6897	+0.107%	$23.2M	$5.1M	3x	as long as short
01 Exchange AEROUSD	+0.0488%	1h	0.6893	+0.041%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6885	−0.079%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0540%	1h	0.6889	−0.019%	$229K	$415K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1052%	1h	0.6907	+0.250%	$113K	$292K	15x	as long as short
Lighter AERO	+0.1320%	1h	0.6901	+0.155%	$1.3M	$502K	3x	as long as short
Coinbase International AERO-PERP-INTX	+1.0840%	1h	0.6933	+0.624%	$91K	$36K	25x	as long as short