Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.116%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.116%, 7d avg −0.014%

Together, before fees+0.131%+$13 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 0.102% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AERO-USDT-SWAP	0.6902	0.0100	pay 0.0050% / 4h	3h 30m	$2.3M	$5.8M	20x
Short	Bybit AEROUSDT	0.6894	0.0100	get 0.0050% / 4h	3h 30m	$22.6M	$18.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.014%: −$10.19
Slippage, 4 orders: −$29.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.18
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 OKX live order book, 2 min ago	2.17 bp	14.5 bp −$14	38.1 bp −$381	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.72 bp	11.9 bp −$12	28.9 bp −$289	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	−0.0280%	1h	0.6912	+0.145%	$88K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	0.000%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6899	−0.044%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6898	−0.058%	$26.0M	$24.9M	75x	as long as short
Bybit AEROUSDTshort	+0.0100%	4h	0.6894	−0.116%	$22.6M	$18.0M	25x
OKX AERO-USDT-SWAPlong	+0.0100%	4h	0.6902	long leg	$2.3M	$5.8M	20x
Gate AERO_USDT	+0.0100%	4h	0.6897	−0.072%	$1.6M	$467K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6897	−0.072%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6900	−0.029%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6897	−0.072%	$4.1M	$1.9M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6902	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6899	−0.045%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6897	−0.074%	$209K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6905	+0.039%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0185%	1h	0.6900	−0.029%	$55K	$11K	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6899	−0.037%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6898	−0.058%	$942K	$564K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6898	−0.059%	$204K	$568K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0519% / S −0.0255%	1h	0.6896	−0.082%	$90K	—	100x	as long as short
01 Exchange AEROUSD	+0.0760%	1h	0.6909	+0.106%	$187	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0806%	1h	0.6904	+0.035%	$94K	$262K	15x	as long as short
Hyperliquid AERO	+0.0875%	1h	0.6905	+0.046%	$22.8M	$5.4M	3x	as long as short
Lighter AERO	+0.1496%	1h	0.6912	+0.141%	$1.3M	$386K	3x	as long as short