Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.054%

Price spread now: BingX against Reya+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on BingX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. BingX is 0.032% dearer against Reya than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AERORUSDPERP	0.6881	0.0228	pay 0.0029% / 1h	48m 09s	$19K	$4K	15x
Short	BingX AERO-USDT	0.6883	0.0100	get 0.0050% / 4h	1h 48m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$26.92
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.7
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 14 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	2.91 bp	16.5 bp −$17	31.6 bp −$316	238.2 bp −$23.8K	785.8 bp −$392.9K

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
Deribit AERO_USDC-PERPETUAL	−0.0186%	1h	0.6882	+0.018%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6886	+0.079%	$23.1M	$5.7M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6884	+0.048%	$39K	$110K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6884	+0.047%	$25.5M	$25.6M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6886	+0.076%	$21.9M	$20.6M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6887	+0.090%	$2.3M	$6.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6878	−0.040%	$1.6M	$522K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6883	+0.032%	$8.2M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6885	+0.061%	$2.1M	$873K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6879	−0.026%	$4.1M	$2.2M	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-USDTshort	+0.0100%	4h	0.6883	+0.032%	—	$1.7M	—
Variational Omni AERO	+0.0100%	4h	0.6883	+0.038%	$1.9M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6881	−0.001%	$202K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6882	+0.018%	$46K	—	3x	as long as short
Injective AERO/USDC PERP	+0.0175%	1h	0.6902	+0.308%	$4	$209K	5.5x	as long as short
Reya AERORUSDPERPlong	+0.0228%	1h	0.6881	long leg	$19K	$4K	15x
01 Exchange AEROUSD	+0.0232%	1h	0.6891	+0.146%	$187	$115	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6886	+0.076%	$912K	$694K	25x	as long as short
Backpack AERO_USDC_PERP	+0.0498%	1h	0.6891	+0.154%	$102K	$314K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0502% / S −0.0223%	1h	0.6881	+0.010%	$92K	—	100x	as long as short
RISEx AERO/USDC	+0.0676%	1h	0.6889	+0.120%	$213K	$379K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.0736%	1h	0.6911	+0.439%	$92K	$32K	25x	as long as short
Lighter AERO	+0.0912%	1h	0.6902	+0.304%	$1.3M	$464K	3x	as long as short