Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h +0.044%

Price spread now: Bitget against Deribit−0.044%58s7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.044% cheaper against Deribit than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$13 a day). The two prices were read 58 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	Deribit AERO_USDC-PERPETUAL	0.6883	−0.0331	get 0.0041% / 1h	10m 21s	$55K	$11K	10x
Short	Bitget AEROUSDT	0.6880	0.0100	get 0.0050% / 4h	2h 10m	$4.1M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $90.51
Price spread: −0.044% → 0.000%: −$4.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $67.15
Costs to cover: 0.190%
Break-even: 1.8 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 8 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 Bitget live order book, 8 min ago	3.62 bp	15.6 bp −$16	48.1 bp −$481	doesn't fit	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	−0.0331%	1h	0.6883	long leg	$55K	$11K	10x
Injective AERO/USDC PERP	+0.0052%	1h	0.6902	+0.276%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6890	+0.096%	$23.2M	$5.7M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6885	+0.023%	$38K	$109K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6882	−0.012%	$25.5M	$25.7M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6881	−0.029%	$21.9M	$20.5M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6887	+0.058%	$2.3M	$6.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6885	+0.029%	$1.6M	$563K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6882	−0.015%	$8.2M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6890	+0.102%	$2.2M	$839K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDTshort	+0.0100%	4h	0.6880	−0.044%	$4.1M	$2.2M	75x
BingX AERO-USDT	+0.0100%	4h	0.6882	−0.015%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6875	−0.111%	$1.9M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6881	−0.023%	$201K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6884	+0.018%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6883	−0.001%	$19K	$4K	15x	as long as short
01 Exchange AEROUSD	+0.0288%	1h	0.6888	+0.070%	$187	$115	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6874	−0.131%	$910K	$692K	25x	as long as short
Backpack AERO_USDC_PERP	+0.0451%	1h	0.6892	+0.137%	$102K	$313K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0502% / S −0.0229%	1h	0.6884	+0.011%	$91K	—	100x	as long as short
RISEx AERO/USDC	+0.0530%	1h	0.6887	+0.062%	$215K	$381K	3x	as long as short
Lighter AERO	+0.0896%	1h	0.6902	+0.273%	$1.3M	$495K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.1488%	1h	0.6979	+1.395%	$93K	$33K	25x	as long as short