Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.048%

Price spread now: Binance against Deribit+0.006%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Binance

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.7015	0	get 0.0000% / 1h	22m 00s	$56K	$11K	10x
Short	Binance AEROUSDT	0.7015	0.0100	get 0.0050% / 4h	22m 00s	$26.4M	$26.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.006%Rate

Funding earned: $21
Price spread: +0.006% → 0.000%: $0.56
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $4.56
Costs to cover: 0.170%
Break-even: 5.5 days

Slippage unknown: Deribit: no order-book sample; Binance: 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.71 bp	11.3 bp −$11	25.0 bp −$250	195.6 bp −$19.6K	doesn't fit

Deribit: 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-PERPETUALlong	0.0000%	1h	0.7015	long leg	$56K	$11K	10x
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.611%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7018	+0.042%	$41K	$114K	10x	as long as short
Binance AEROUSDTshort	+0.0100%	4h	0.7015	+0.006%	$26.4M	$26.6M	75x
Bybit AEROUSDT	+0.0100%	4h	0.7012	−0.043%	$22.7M	$21.8M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7018	+0.043%	$2.3M	$7.1M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7012	−0.043%	$1.6M	$537K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7014	−0.014%	$8.4M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7013	−0.029%	$2.2M	$940K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.7010	−0.071%	$4.1M	$2.2M	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-USDT	+0.0100%	4h	0.7015	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7019	+0.053%	$2.1M	$1.8M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7012	−0.047%	$217K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7012	−0.041%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7013	−0.027%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6989	−0.371%	$941K	$726K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0512% / S −0.0250%	1h	0.7013	−0.034%	$90K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.7489	+6.757%	$99K	$35K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.7023	+0.118%	$213K	$405K	3x	as long as short
Hyperliquid AERO	+0.0606%	1h	0.7022	+0.104%	$23.6M	$5.4M	3x	as long as short
01 Exchange AEROUSD	+0.0648%	1h	0.7027	+0.175%	$190	$111	3x	as long as short
Backpack AERO_USDC_PERP	+0.0947%	1h	0.7022	+0.100%	$104K	$317K	15x	as long as short
Lighter AERO	+0.1800%	1h	0.7033	+0.261%	$1.3M	$461K	3x	as long as short