Settings8H · net · $10k
Funding arb · Price arb /

AERO

all AERO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0777%/8h= −85.1% APRpaid last 24h −0.030%
Price spread now: Aster against Hyperliquid−0.155%7-day average −0.082% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.277%−$28 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.155%, 7d avg −0.082%
Together, before fees−0.307%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Aster is 0.073% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.277% in total (about -18.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid AERO0.70210.0877pay 0.0110% / 1h13m 29s$23.7M$5.0M3x
ShortAster AEROUSDT0.70100.0100get 0.0050% / 4h3h 13m$42K$113K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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

Funding earned
−$163.2
Price spread: −0.155% → −0.082%
−$7.32
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$187.52
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Aster: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago0.86 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 57 min ago2.14 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AERO/USDC PERP+0.0033%1h0.6902−1.694%$4$209K5.5xas long as short
Aster AEROUSDTshort+0.0100%4h0.7010−0.155%$42K$113K10x
Binance AEROUSDT+0.0100%4h0.7010−0.155%$26.7M$26.0M75xas long as short
Bybit AEROUSDT+0.0100%4h0.7006−0.212%$22.7M$20.4M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.7009−0.169%$2.3M$6.9M20xas long as short
Gate AERO_USDT+0.0100%4h0.7009−0.169%$1.6M$495K75xas long as short
MEXC AERO_USDT+0.0100%4h0.7009−0.169%$8.4M$1.7M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.7016−0.070%$2.2M$933K50xas long as short
Bitget AEROUSDT+0.0100%4h0.7005−0.226%$4.1M$2.1M75xas long as short
BingX AERO-USDT+0.0100%4h0.7012−0.127%$1.8Mas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AERO+0.0100%4h0.6985−0.513%$2.0M$1.7Mas long as short
Extended AERO-USD+0.0104%1h0.7007−0.202%$218K$2.0M10xas long as short
Aevo AERO-PERP+0.0104%1h0.7011−0.142%$47K3xas long as short
Deribit AERO_USDC-PERPETUAL+0.0178%1h0.7012−0.127%$56K$11K10xas long as short
Reya AERORUSDPERP+0.0228%1h0.7006−0.213%$20K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.7000−0.298%$950K$701K25xas long as short
01 Exchange AEROUSD+0.0448%1h0.7012−0.127%$190$1113xas long as short
GMX AERO/USD [ETH-USDC]L +0.0512% / S −0.0240%1h0.7009−0.167%$92K100xas long as short
RISEx AERO/USDC+0.0687%1h0.7007−0.198%$226K$397K3xas long as short
Hyperliquid AEROlong+0.0877%1h0.7021long leg$23.7M$5.0M3x
Backpack AERO_USDC_PERP+0.1409%1h0.7025+0.060%$135K$298K15xas long as short
Lighter AERO+0.1640%1h0.7027+0.091%$1.3M$463K3xas long as short
Coinbase International AERO-PERP-INTX+0.3896%1h0.7104+1.184%$94K$36K25xas long as short