Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1996%/8h= +218.6% APRpaid last 24h −0.722%

Price spread now: Bybit against Coinbase International−0.116%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−4.517%−$452 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. Bybit is 0.116% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 5 hours of funding at the current rate (+$60 a day). Mind the row above: over the last 7 days funding on this pair cost −4.517%, 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	0.6901	−0.1896	get 0.0237% / 1h	5m 35s	$89K	$37K	25x
Short	Bybit AEROUSDT	0.6893	0.0100	get 0.0050% / 4h	1h 05m	$22.5M	$18.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.116%Rate

Funding earned: $419.16
Price spread: −0.116% → 0.000%: −$11.59
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $386.57
Costs to cover: 0.210%
Break-even: 0.5 days

Slippage unknown: Coinbase International: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.73 bp	12.6 bp −$13	35.7 bp −$357	doesn't fit	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 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	−0.1896%	1h	0.6901	long leg	$89K	$37K	25x
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.014%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6892	−0.130%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6895	−0.091%	$42K	$128K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6893	−0.116%	$26.0M	$25.3M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.6893	−0.116%	$22.5M	$18.1M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6896	−0.072%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6889	−0.174%	$1.6M	$477K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6895	−0.087%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6895	−0.087%	$2.0M	$1.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6892	−0.130%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6895	−0.087%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6895	−0.090%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6893	−0.112%	$204K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6894	−0.101%	$46K	—	3x	as long as short
Hyperliquid AERO	+0.0158%	1h	0.6900	−0.016%	$22.7M	$5.3M	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6899	−0.034%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6887	−0.203%	$938K	$582K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6900	−0.016%	$187	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6894	−0.101%	$202K	$526K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0518% / S −0.0255%	1h	0.6895	−0.080%	$90K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0686%	1h	0.6904	+0.038%	$94K	$260K	15x	as long as short
Lighter AERO	+0.0808%	1h	0.6906	+0.075%	$1.3M	$500K	3x	as long as short