Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0652%/8h= −71.4% APRpaid last 24h +0.037%

Price spread now: KuCoin against Deribit+0.029%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. KuCoin is 0.029% dearer against Deribit than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6994	0.0752	pay 0.0094% / 1h	21m 16s	$56K	$11K	10x
Short	KuCoin AEROUSDTM	0.6996	0.0100	get 0.0050% / 4h	3h 21m	$2.0M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$136.92
Price spread: +0.029% → 0.000%: $2.86
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$153.06
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	3.63 bp	37.9 bp −$38	269.5 bp −$2,695	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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.6989	−0.071%	$88K	$40K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.315%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6989	−0.071%	$43K	$124K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7002	+0.109%	$26.4M	$25.0M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6997	+0.043%	$23.0M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7006	+0.172%	$2.4M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6987	−0.100%	$1.6M	$473K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6999	+0.071%	$8.6M	$1.4M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6996	+0.029%	$2.0M	$1.2M	50x
Bitget AEROUSDT	+0.0100%	4h	0.7000	+0.086%	$4.1M	$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-USDT	+0.0100%	4h	0.6989	−0.071%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6889	−1.499%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6993	−0.013%	$212K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6985	−0.123%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6993	−0.007%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6987	−0.100%	$955K	$567K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6968	−0.370%	$225K	$585K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0522% / S −0.0255%	1h	0.6991	−0.048%	$91K	—	100x	as long as short
01 Exchange AEROUSD	+0.0712%	1h	0.6997	+0.041%	$190	$101	3x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0752%	1h	0.6994	long leg	$56K	$11K	10x
Backpack AERO_USDC_PERP	+0.0759%	1h	0.6979	−0.214%	$97K	$262K	15x	as long as short
Hyperliquid AERO	+0.0923%	1h	0.7003	+0.130%	$23.1M	$5.4M	3x	as long as short
Lighter AERO	+0.1472%	1h	0.7009	+0.222%	$1.3M	$398K	3x	as long as short