Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0460%/8h= +50.4% APRpaid last 24h −0.718%

Price spread now: BingX against Coinbase International−0.203%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−4.372%−$437 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.203% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 35 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −4.372%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AERO-PERP-INTX	0.6898	−0.0360	get 0.0045% / 1h	18m 55s	$88K	$38K	25x
Short	BingX AERO-USDT	0.6884	0.0100	get 0.0050% / 4h	18m 55s	—	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.203%Rate

Funding earned: $96.6
Price spread: −0.203% → 0.000%: −$20.3
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $56.3
Costs to cover: 0.200%
Break-even: 2.9 days

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago	2.18 bp	13.7 bp −$14	24.8 bp −$248	326.6 bp −$32.7K	752.0 bp −$376.0K

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 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-INTXlong	−0.0360%	1h	0.6898	long leg	$88K	$38K	25x
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.058%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6888	−0.145%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6890	−0.115%	$25.9M	$25.1M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6887	−0.159%	$22.5M	$18.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6888	−0.145%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6878	−0.290%	$1.6M	$479K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6888	−0.145%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6882	−0.232%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6884	−0.203%	$4.0M	$1.9M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDTshort	+0.0100%	4h	0.6884	−0.203%	—	$1.8M	—
Variational Omni AERO	+0.0100%	4h	0.6861	−0.539%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6887	−0.156%	$204K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6887	−0.152%	$46K	—	3x	as long as short
Hyperliquid AERO	+0.0217%	1h	0.6896	−0.026%	$22.7M	$5.4M	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6887	−0.157%	$19K	$4K	15x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0331%	1h	0.6892	−0.087%	$55K	$11K	10x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6877	−0.304%	$941K	$577K	25x	as long as short
RISEx AERO/USDC	+0.0416%	1h	0.6884	−0.202%	$199K	$531K	3x	as long as short
01 Exchange AEROUSD	+0.0456%	1h	0.6893	−0.075%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0518% / S −0.0255%	1h	0.6886	−0.179%	$90K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0648%	1h	0.6897	−0.017%	$93K	$260K	15x	as long as short
Lighter AERO	+0.0808%	1h	0.6901	+0.041%	$1.3M	$395K	3x	as long as short