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

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.038%
Price spread now: Deribit against KuCoin−0.087%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.087% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AEROUSDTM0.68850.0100pay 0.0050% / 4h10m 56s$2.0M$1.1M50x
ShortDeribit AERO_USDC-PERPETUAL0.68790.0041get 0.0005% / 1h10m 56s$55K$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
−$12.39
Price spread: −0.087% → 0.000%
−$8.71
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$40.1
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago2.90 bp45.1 bp −$45406.6 bp −$4,066doesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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 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
Coinbase International AERO-PERP-INTX−0.0360%1h0.6893+0.116%$88K$38K25xas long as short
Injective AERO/USDC PERP+0.0033%1h0.6902+0.247%$4$209K5.5xas long as short
Deribit AERO_USDC-PERPETUALshort+0.0041%1h0.6879−0.087%$55K$11K10x
Aster AEROUSDT+0.0100%4h0.6883−0.034%$42K$127K10xas long as short
Binance AEROUSDT+0.0100%4h0.6878−0.106%$25.9M$25.1M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6876−0.131%$22.4M$18.0M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6883−0.029%$2.3M$5.9M20xas long as short
Gate AERO_USDT+0.0100%4h0.6878−0.102%$1.6M$481K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6879−0.087%$8.4M$1.4M100xas long as short
KuCoin AEROUSDTMlong+0.0100%4h0.6885long leg$2.0M$1.1M50x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AEROUSDT+0.0100%4h0.6879−0.087%$4.0M$1.9M75xas long as short
BingX AERO-USDT+0.0100%4h0.6877−0.116%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6877−0.121%$2.0M$1.2Mas long as short
Extended AERO-USD+0.0104%1h0.6878−0.097%$204K$1.4M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6877−0.119%$46K3xas long as short
Hyperliquid AERO+0.0207%1h0.6888+0.049%$22.7M$5.4M3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6881−0.053%$19K$4K15xas long as short
BloFin AERO-USDT+0.0340%4h0.68850.000%$938K$576K25xas long as short
RISEx AERO/USDC+0.0416%1h0.6883−0.028%$207K$541K3xas long as short
01 Exchange AEROUSD+0.0472%1h0.6888+0.048%$187$1013xas long as short
GMX AERO/USD [ETH-USDC]L +0.0518% / S −0.0255%1h0.6877−0.110%$90K100xas long as short
Backpack AERO_USDC_PERP+0.0649%1h0.6886+0.010%$93K$260K15xas long as short
Lighter AERO+0.0848%1h0.6894+0.134%$1.3M$395K3xas long as short