Funding you earn now, next payment 02:00 UTC−1.0740%/8h= −1176.0% APRpaid last 24h −0.523%
Price spread now: Binance against Coinbase International−0.287%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.385%−$439 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$322 a day on $10k at the current rate, and Binance is 0.287% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -4.385% in total (about -228.7% 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 | Coinbase International AERO-PERP-INTX | 0.6925 | 1.0840 | pay 0.1355% / 1h | 58m 40s | $91K | $36K | 25x |
| Short | Binance AEROUSDT | 0.6905 | 0.0100 | get 0.0050% / 4h | 1h 58m | $26.2M | $25.4M | 75x |
Coinbase International AERO-PERP-INTX
Binance AEROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$2,255.4
- Price spread: −0.287% → 0.000%
- −$28.72
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$2,304.12
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 13 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 0.73 bp | 11.6 bp −$12 | 26.2 bp −$262 | 237.6 bp −$23.8K | doesn't fit |
Coinbase International: 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 22 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 | −0.332% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0040% | 1h | 0.6904 | −0.303% | $55K | $11K | 10x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6909 | −0.231% | $40K | $117K | 10x | as long as short |
| Binance AEROUSDTshort | +0.0100% | 4h | 0.6905 | −0.287% | $26.2M | $25.4M | 75x | |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6904 | −0.303% | $22.5M | $19.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6902 | −0.332% | $2.3M | $6.6M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6904 | −0.303% | $1.6M | $477K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6908 | −0.245% | $8.2M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6915 | −0.144% | $2.1M | $939K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6906 | −0.274% | $4.1M | $2.0M | 75x | as long as short |
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Aster AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6907 | −0.260% | — | $1.7M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6901 | −0.342% | $2.0M | $1.3M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6905 | −0.294% | $205K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6901 | −0.345% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6897 | −0.410% | $19K | $4K | 15x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0505% / S −0.0237% | 1h | 0.6896 | −0.426% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0540% | 1h | 0.6904 | −0.299% | $214K | $405K | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0552% | 1h | 0.6910 | −0.211% | $187 | $101 | 3x | as long as short |
| Hyperliquid AERO | +0.0808% | 1h | 0.6918 | −0.094% | $23.2M | $5.3M | 3x | as long as short |
| Backpack AERO_USDC_PERP | +0.1222% | 1h | 0.6919 | −0.087% | $118K | $283K | 15x | as long as short |
| Lighter AERO | +0.1296% | 1h | 0.6927 | +0.027% | $1.3M | $491K | 3x | as long as short |
| Coinbase International AERO-PERP-INTXlong | +1.0840% | 1h | 0.6925 | long leg | $91K | $36K | 25x |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
01 Exchange AEROUSD
Hyperliquid AERO
Backpack AERO_USDC_PERP
Lighter AERO