Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.026%

Price spread now: Injective against Gate+0.043%7-day average +0.816% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−2.780%−$278 · spread now +0.043%, 7d avg +0.816%

Together, before fees−2.884%−$288 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.773% cheaper against Gate than usual: you would sell low and buy high (−$77 if the spread goes back to its 7-day average of +0.816%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.6899	0.0100	pay 0.0050% / 4h	2h 21m	$1.6M	$507K	75x
Short	Injective AERO/USDC PERP	0.6902	0.0033	get 0.0004% / 1h	21m 25s	$4	$209K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.043%Rate

Funding earned: −$14
Price spread: +0.043% → +0.816%: −$77.3
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$106.32
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Injective: no order-book sample. 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 Gate live order book, 1 min ago	3.62 bp	35.4 bp −$35	208.5 bp −$2,085	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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 PERPshort	+0.0033%	1h	0.6902	+0.043%	$4	$209K	5.5x
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6906	+0.101%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6898	−0.007%	$23.3M	$5.3M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6907	+0.112%	$40K	$118K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6898	−0.013%	$26.1M	$25.9M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6897	−0.029%	$22.4M	$19.4M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6898	−0.014%	$2.3M	$6.7M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.6899	long leg	$1.6M	$507K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6897	−0.029%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6912	+0.188%	$2.1M	$930K	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	0.6898	−0.014%	$4.0M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6899	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6905	+0.092%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6895	−0.055%	$205K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6895	−0.065%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6897	−0.032%	$19K	$4K	15x	as long as short
01 Exchange AEROUSD	+0.0416%	1h	0.6904	+0.065%	$187	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0505% / S −0.0237%	1h	0.6893	−0.086%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6898	−0.009%	$211K	$402K	3x	as long as short
Lighter AERO	+0.1064%	1h	0.6917	+0.268%	$1.3M	$499K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1153%	1h	0.6912	+0.184%	$129K	$281K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7377	+6.929%	$97K	$38K	25x	as long as short