Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.015%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1181.175% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.015%, 7d avg −0.026%

Together, before fees+0.018%+$2 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: Bybit is 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AEROUSDTM	0.6853	0.0100	pay 0.0050% / 4h	1h 29m	$2.0M	$1.1M	50x
Short	Bybit AEROUSDT	0.6854	0.0100	get 0.0050% / 4h	1h 29m	$22.4M	$18.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.026%: $4.09
Slippage, 4 orders: −$94.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$113.42
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 9 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, 7 min ago	2.92 bp	38.7 bp −$39	372.9 bp −$3,729	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	0.73 bp	12.0 bp −$12	32.7 bp −$327	doesn't fit	doesn't fit

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
Coinbase International AERO-PERP-INTX	−0.1896%	1h	0.7328	+6.931%	$94K	$39K	25x	as long as short
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6853	0.000%	$54K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.715%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6859	+0.081%	$42K	$125K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6855	+0.030%	$25.8M	$25.4M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.6854	+0.015%	$22.4M	$18.2M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6857	+0.058%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6854	+0.015%	$1.6M	$475K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6856	+0.044%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTMlong	+0.0100%	4h	0.6853	long leg	$2.0M	$1.1M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6850	−0.044%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6856	+0.044%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6850	−0.039%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6851	−0.024%	$202K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6849	−0.056%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6852	−0.008%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0331%	1h	0.6862	+0.137%	$22.7M	$5.3M	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6856	+0.044%	$932K	$582K	25x	as long as short
01 Exchange AEROUSD	+0.0392%	1h	0.6865	+0.172%	$186	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6849	−0.060%	$197K	$527K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0505% / S −0.0246%	1h	0.6848	−0.068%	$88K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0649%	1h	0.6860	+0.104%	$93K	$260K	15x	as long as short
Lighter AERO	+0.0888%	1h	0.6869	+0.232%	$1.3M	$499K	3x	as long as short