Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h −0.018%

Price spread now: BloFin against Reya−0.172%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.172% cheaper against Reya than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AERORUSDPERP	0.6922	0.0228	pay 0.0029% / 1h	12m 34s	$19K	$4K	15x
Short	BloFin AERO-USDT	0.6910	0.0340	get 0.0170% / 4h	12m 34s	$944K	$582K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.172%Rate

Funding earned: $23.48
Price spread: −0.172% → 0.000%: −$17.16
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.68
Costs to cover: 0.180%
Break-even: 10.5 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 24 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 BloFin live order book, 24 min ago	3.64 bp	12.5 bp −$13	24.4 bp −$244	108.1 bp −$10.8K	doesn't fit

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
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.287%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6925	+0.045%	$23.1M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6920	−0.033%	$40K	$118K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6925	+0.045%	$26.3M	$24.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6921	−0.013%	$22.5M	$18.1M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6924	+0.031%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6918	−0.056%	$1.6M	$465K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6926	+0.060%	$8.3M	$1.5M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6921	−0.013%	$2.1M	$929K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6917	−0.070%	$4.1M	$1.8M	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	0.6921	−0.013%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6909	−0.182%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6920	−0.022%	$210K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6909	−0.179%	$46K	—	3x	as long as short
Reya AERORUSDPERPlong	+0.0228%	1h	0.6922	long leg	$19K	$4K	15x
BloFin AERO-USDTshort	+0.0340%	4h	0.6910	−0.172%	$944K	$582K	25x
GMX AERO/USD [ETH-USDC]	L +0.0508% / S −0.0237%	1h	0.6918	−0.060%	$90K	—	100x	as long as short
01 Exchange AEROUSD	+0.0528%	1h	0.6934	+0.181%	$188	$101	3x	as long as short
RISEx AERO/USDC	+0.0677%	1h	0.6925	+0.038%	$228K	$447K	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0762%	1h	0.6927	+0.074%	$55K	$11K	10x	as long as short
Lighter AERO	+0.0912%	1h	0.6937	+0.213%	$1.3M	$487K	3x	as long as short
Backpack AERO_USDC_PERP	+0.0965%	1h	0.6933	+0.158%	$115K	$291K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.6656%	1h	0.6927	+0.074%	$90K	$35K	25x	as long as short