Funding you earn now, next payment 08:00 UTC−0.0620%/8h= −67.9% APRnext payment −$0.77 per $10,000 · paid last 24h −0.184%
Price spread now: Reya against Lighter−0.087%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Reya is 0.087% cheaper against Lighter 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AERO | 0.6895 | 0.0848 | pay 0.0106% / 1h | 10m 36s | $1.3M | $395K | 3x |
| Short | Reya AERORUSDPERP | 0.6889 | 0.0228 | get 0.0029% / 1h | 10m 36s | $19K | $4K | 15x |
Lighter AERO
Reya AERORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$130.16
- Price spread: −0.087% → 0.000%
- −$8.7
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$144.85
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 10 min ago; Reya: 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 Lighter live order book, 10 min ago | 10.46 bp | 24.7 bp −$25 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AERO-PERP-INTX | −0.0360% | 1h | 0.6893 | −0.030% | $88K | $38K | 25x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | +0.100% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0041% | 1h | 0.6879 | −0.233% | $55K | $11K | 10x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6886 | −0.139% | $42K | $127K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6884 | −0.166% | $25.9M | $25.1M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6882 | −0.190% | $22.4M | $18.0M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6890 | −0.074% | $2.3M | $5.9M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6880 | −0.219% | $1.6M | $481K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6880 | −0.219% | $8.4M | $1.4M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6885 | −0.146% | $2.0M | $1.1M | 50x | as long as short |
Coinbase International AERO-PERP-INTX
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6881 | −0.204% | $4.0M | $1.9M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6883 | −0.175% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6877 | −0.268% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6884 | −0.163% | $204K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6877 | −0.265% | $46K | — | 3x | as long as short |
| Hyperliquid AERO | +0.0208% | 1h | 0.6886 | −0.135% | $22.7M | $5.4M | 3x | as long as short |
| Reya AERORUSDPERPshort | +0.0228% | 1h | 0.6889 | −0.087% | $19K | $4K | 15x | |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6885 | −0.146% | $938K | $576K | 25x | as long as short |
| RISEx AERO/USDC | +0.0416% | 1h | 0.6885 | −0.142% | $206K | $541K | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0464% | 1h | 0.6891 | −0.064% | $187 | $101 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0518% / S −0.0255% | 1h | 0.6877 | −0.257% | $90K | — | 100x | as long as short |
| Backpack AERO_USDC_PERP | +0.0649% | 1h | 0.6886 | −0.136% | $93K | $260K | 15x | as long as short |
| Lighter AEROlong | +0.0848% | 1h | 0.6895 | long leg | $1.3M | $395K | 3x |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Hyperliquid AERO
BloFin AERO-USDT
RISEx AERO/USDC
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
Backpack AERO_USDC_PERP