Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Bybit+0.029%88s7-day average +0.735% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−4.058%−$406 · spread now +0.029%, 7d avg +0.735%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.706% cheaper against Bybit than usual: you would sell low and buy high (−$71 if the spread goes back to its 7-day average of +0.735%). Swap the legs. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AEROUSDT | 0.6900 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $22.6M | $17.9M | 25x |
| Short | Injective AERO/USDC PERP | 0.6902 | 0.0033 | get 0.0004% / 1h | 29m 51s | $4 | $209K | 5.5x |
Bybit AEROUSDT
Injective AERO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: +0.029% → +0.735%
- −$70.62
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$95.64
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Injective: 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 Bybit live order book, 4 min ago | 0.72 bp | 10.3 bp −$10 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AERO-PERP-INTX | −0.0280% | 1h | 0.6907 | +0.101% | $88K | $39K | 25x | as long as short |
| Injective AERO/USDC PERPshort | +0.0033% | 1h | 0.6902 | +0.029% | $4 | $209K | 5.5x | |
| Aster AEROUSDT | +0.0100% | 4h | 0.6903 | +0.045% | $42K | $127K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6902 | +0.029% | $26.0M | $25.0M | 75x | as long as short |
| Bybit AEROUSDTlong | +0.0100% | 4h | 0.6900 | long leg | $22.6M | $17.9M | 25x | |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6903 | +0.043% | $2.3M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6897 | −0.043% | $1.6M | $467K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6903 | +0.043% | $8.4M | $1.4M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6901 | +0.014% | $2.0M | $1.1M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6901 | +0.014% | $4.1M | $1.9M | 75x | as long as short |
Coinbase International AERO-PERP-INTX
Aster AEROUSDT
Binance AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6902 | +0.029% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6899 | −0.016% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6901 | +0.014% | $209K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6895 | −0.080% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0185% | 1h | 0.6895 | −0.072% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6897 | −0.048% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6898 | −0.029% | $942K | $564K | 25x | as long as short |
| RISEx AERO/USDC | +0.0503% | 1h | 0.6897 | −0.046% | $202K | $569K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0519% / S −0.0255% | 1h | 0.6894 | −0.091% | $90K | — | 100x | as long as short |
| 01 Exchange AEROUSD | +0.0752% | 1h | 0.6902 | +0.032% | $187 | $101 | 3x | as long as short |
| Backpack AERO_USDC_PERP | +0.0792% | 1h | 0.6904 | +0.051% | $94K | $262K | 15x | as long as short |
| Hyperliquid AERO | +0.0873% | 1h | 0.6910 | +0.142% | $22.8M | $5.4M | 3x | as long as short |
| Lighter AERO | +0.1496% | 1h | 0.6912 | +0.174% | $1.3M | $386K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
RISEx AERO/USDC
GMX AERO/USD [ETH-USDC]
01 Exchange AEROUSD
Backpack AERO_USDC_PERP
Hyperliquid AERO
Lighter AERO