Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h +0.044%

Price spread now: OKX against Deribit+0.072%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 OKX

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 pays, funding is against you. OKX is 0.072% dearer against Deribit than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6927	0.0328	pay 0.0041% / 1h	45m 55s	$55K	$11K	10x
Short	OKX AERO-USDT-SWAP	0.6932	0.0100	get 0.0050% / 4h	3h 45m	$2.3M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$47.88
Price spread: +0.072% → 0.000%: $7.22
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$57.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.89 bp	14.5 bp −$14	40.5 bp −$405	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
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.361%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6930	+0.040%	$23.2M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6932	+0.075%	$40K	$118K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6927	0.000%	$26.3M	$24.7M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6925	−0.029%	$22.5M	$18.1M	25x	as long as short
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6932	+0.072%	$2.3M	$5.9M	20x
Gate AERO_USDT	+0.0100%	4h	0.6921	−0.087%	$1.6M	$462K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6929	+0.029%	$8.3M	$1.5M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6925	−0.029%	$2.1M	$930K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6925	−0.029%	$4.1M	$1.8M	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	0.6924	−0.043%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6924	−0.039%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6927	+0.001%	$211K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6920	−0.098%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6926	−0.016%	$19K	$4K	15x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0328%	1h	0.6927	long leg	$55K	$11K	10x
BloFin AERO-USDT	+0.0340%	4h	0.6917	−0.144%	$946K	$573K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0507% / S −0.0237%	1h	0.6922	−0.070%	$90K	—	100x	as long as short
01 Exchange AEROUSD	+0.0568%	1h	0.6927	+0.007%	$188	$101	3x	as long as short
RISEx AERO/USDC	+0.0658%	1h	0.6921	−0.082%	$209K	$454K	3x	as long as short
Lighter AERO	+0.1104%	1h	0.6941	+0.198%	$1.3M	$487K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1111%	1h	0.6936	+0.124%	$115K	$248K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3376%	1h	0.6890	−0.534%	$90K	$35K	25x	as long as short