Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.051%

Price spread now: KuCoin against Reya+0.101%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 KuCoin

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. KuCoin is 0.101% dearer against Reya than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AERORUSDPERP	0.6971	0.0228	pay 0.0029% / 1h	21m 28s	$20K	$4K	15x
Short	KuCoin AEROUSDTM	0.6978	0.0100	get 0.0050% / 4h	3h 21m	$2.2M	$938K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$26.92
Price spread: +0.101% → 0.000%: $10.13
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	6.44 bp	34.0 bp −$34	314.8 bp −$3,148	doesn't fit	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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6974	+0.044%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.989%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6974	+0.042%	$40K	$114K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6972	+0.015%	$26.5M	$26.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6971	+0.001%	$22.5M	$20.7M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6975	+0.058%	$2.3M	$6.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6970	−0.013%	$1.6M	$495K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6970	−0.013%	$8.3M	$1.7M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6978	+0.101%	$2.2M	$938K	50x
Bitget AEROUSDT	+0.0100%	4h	0.6970	−0.013%	$4.1M	$2.1M	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	0.6970	−0.013%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6983	+0.178%	$2.0M	$1.7M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6968	−0.040%	$216K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6972	+0.017%	$47K	—	3x	as long as short
Reya AERORUSDPERPlong	+0.0228%	1h	0.6971	long leg	$20K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.7003	+0.460%	$947K	$720K	25x	as long as short
01 Exchange AEROUSD	+0.0456%	1h	0.6972	+0.012%	$189	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0511% / S −0.0240%	1h	0.6973	+0.030%	$92K	—	100x	as long as short
RISEx AERO/USDC	+0.0687%	1h	0.6972	+0.012%	$220K	$389K	3x	as long as short
Hyperliquid AERO	+0.0816%	1h	0.6985	+0.203%	$23.6M	$5.0M	3x	as long as short
Backpack AERO_USDC_PERP	+0.1416%	1h	0.6986	+0.209%	$134K	$310K	15x	as long as short
Lighter AERO	+0.1616%	1h	0.6989	+0.262%	$1.3M	$460K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3896%	1h	0.6974	+0.044%	$92K	$35K	25x	as long as short