Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate+0.059%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.059%, 7d avg −0.002%

Together, before fees−0.061%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.061% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.6887	0.0100	pay 0.0050% / 4h	2h 02m	$1.6M	$510K	75x
Short	Extended AERO-USD	0.6891	0.0104	get 0.0013% / 1h	2m 21s	$204K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0.84
Price spread: +0.059% → −0.002%: $6.08
Slippage, 4 orders: −$69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$82.08
Costs to cover: 0.890%
Break-even: 691.0 days

Slippage from Gate: live order book, just now; Extended: live order book, 1 min ago.

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 Gate live order book, just now	2.90 bp	29.7 bp −$30	213.7 bp −$2,137	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.25 bp	16.6 bp −$17	164.8 bp −$1,648	doesn't fit	doesn't fit

AERO on 22 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	+0.218%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6892	+0.073%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6897	+0.139%	$23.2M	$5.2M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6888	+0.014%	$39K	$117K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6895	+0.116%	$26.1M	$25.4M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6893	+0.087%	$22.4M	$19.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6896	+0.131%	$2.3M	$6.6M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.6887	long leg	$1.6M	$510K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6892	+0.073%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6891	+0.058%	$2.1M	$929K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6891	+0.058%	$4.0M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6892	+0.073%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6886	−0.010%	$2.0M	$1.3M	—	as long as short
Extended AERO-USDshort	+0.0104%	1h	0.6891	+0.059%	$204K	$2.0M	10x
Aevo AERO-PERP	+0.0104%	1h	0.6892	+0.079%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6893	+0.082%	$19K	$4K	15x	as long as short
01 Exchange AEROUSD	+0.0416%	1h	0.6899	+0.168%	$187	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0505% / S −0.0237%	1h	0.6892	+0.067%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6892	+0.079%	$210K	$408K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1063%	1h	0.6898	+0.163%	$120K	$282K	15x	as long as short
Lighter AERO	+0.1120%	1h	0.6908	+0.309%	$1.3M	$502K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.6991	+1.510%	$92K	$36K	25x	as long as short