Funding you earn now, next payment 09:00 UTC+0.1244%/8h= +136.2% APRnext payment +$1.55 per $10,000 · paid last 24h +0.188%
Price spread now: Lighter against Reya+0.229%7-day average — · you sell dearer than you buy
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 airdropReya: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.229% dearer against Reya than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya AERORUSDPERP | 0.6993 | 0.0228 | pay 0.0029% / 1h | 20m 56s | $20K | $4K | 15x |
| Short | Lighter AERO | 0.7009 | 0.1472 | get 0.0184% / 1h | 20m 56s | $1.3M | $398K | 3x |
Reya AERORUSDPERP
Lighter AEROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. 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
- $261.2
- Price spread: +0.229% → 0.000%
- $22.9
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $278.1
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Lighter: 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 Lighter live order book, 5 min ago | 9.03 bp | 9.6 bp −$10 | 79.3 bp −$793 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AERO-PERP-INTX | −0.0280% | 1h | 0.6989 | −0.064% | $88K | $40K | 25x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −1.308% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6989 | −0.064% | $43K | $124K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6997 | +0.050% | $26.4M | $25.1M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6991 | −0.036% | $23.0M | $18.2M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.7002 | +0.122% | $2.4M | $5.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6989 | −0.064% | $1.6M | $476K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6997 | +0.050% | $8.6M | $1.4M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6995 | +0.022% | $2.0M | $1.2M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6993 | −0.007% | $4.1M | $1.9M | 75x | as long as short |
Coinbase International AERO-PERP-INTX
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6996 | +0.036% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6994 | +0.014% | $2.0M | $1.2M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6994 | +0.008% | $212K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6985 | −0.116% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERPlong | +0.0228% | 1h | 0.6993 | long leg | $20K | $4K | 15x | |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6987 | −0.093% | $955K | $567K | 25x | as long as short |
| RISEx AERO/USDC | +0.0503% | 1h | 0.6968 | −0.362% | $225K | $585K | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0522% / S −0.0255% | 1h | 0.6991 | −0.040% | $91K | — | 100x | as long as short |
| 01 Exchange AEROUSD | +0.0712% | 1h | 0.6997 | +0.049% | $190 | $101 | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0752% | 1h | 0.6994 | +0.007% | $56K | $11K | 10x | as long as short |
| Backpack AERO_USDC_PERP | +0.0770% | 1h | 0.7006 | +0.180% | $97K | $255K | 15x | as long as short |
| Hyperliquid AERO | +0.0934% | 1h | 0.7008 | +0.212% | $23.1M | $5.4M | 3x | as long as short |
| Lighter AEROshort | +0.1472% | 1h | 0.7009 | +0.229% | $1.3M | $398K | 3x |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
BloFin AERO-USDT
RISEx AERO/USDC
GMX AERO/USD [ETH-USDC]
01 Exchange AEROUSD
Deribit AERO_USDC-PERPETUAL
Backpack AERO_USDC_PERP
Hyperliquid AERO