Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.053%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.040%−$4 · spread now −0.053%, 7d avg −0.022%

Together, before fees+0.004%$0 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: Binance is 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AEROUSDTM	0.6888	0.0100	pay 0.0050% / 4h	2h 16m	$2.1M	$930K	50x
Short	Binance AEROUSDT	0.6884	0.0100	get 0.0050% / 4h	2h 16m	$26.1M	$25.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.022%: −$3.07
Slippage, 4 orders: −$86.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.99
Costs to cover: 1.089%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 10 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 KuCoin live order book, 5 min ago	7.25 bp	45.4 bp −$45	351.5 bp −$3,515	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.72 bp	13.8 bp −$14	33.2 bp −$332	235.3 bp −$23.5K	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	+0.203%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0041%	1h	0.6884	−0.058%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6884	−0.065%	$23.2M	$5.3M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6885	−0.046%	$39K	$117K	10x	as long as short
Binance AEROUSDTshort	+0.0100%	4h	0.6884	−0.053%	$26.1M	$25.9M	75x
Bybit AEROUSDT	+0.0100%	4h	0.6882	−0.087%	$22.4M	$19.4M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6888	0.000%	$2.3M	$6.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6881	−0.102%	$1.6M	$507K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6883	−0.073%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTMlong	+0.0100%	4h	0.6888	long leg	$2.1M	$930K	50x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6880	−0.116%	$4.0M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6884	−0.058%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6895	+0.098%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6880	−0.113%	$205K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6881	−0.095%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6883	−0.068%	$19K	$4K	15x	as long as short
01 Exchange AEROUSD	+0.0416%	1h	0.6891	+0.041%	$187	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0505% / S −0.0237%	1h	0.6882	−0.087%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6885	−0.038%	$210K	$398K	3x	as long as short
Lighter AERO	+0.1096%	1h	0.6900	+0.177%	$1.3M	$501K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1106%	1h	0.6887	−0.007%	$120K	$286K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7355	+6.780%	$96K	$38K	25x	as long as short