Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.049%

Price spread now: OKX against Reya+0.054%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 OKX

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. OKX is 0.054% dearer against Reya than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AERORUSDPERP	0.6876	0.0228	pay 0.0029% / 1h	3m 01s	$19K	$4K	15x
Short	OKX AERO-USDT-SWAP	0.6880	0.0100	get 0.0050% / 4h	1h 03m	$2.3M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$26.92
Price spread: +0.054% → 0.000%: $5.36
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: 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 OKX live order book, 5 min ago	1.45 bp	15.5 bp −$15	38.5 bp −$385	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
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.374%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0041%	1h	0.6879	+0.039%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6880	+0.054%	$39K	$115K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6877	+0.013%	$26.1M	$24.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6880	+0.054%	$22.4M	$18.4M	25x	as long as short
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6880	+0.054%	$2.3M	$5.8M	20x
Gate AERO_USDT	+0.0100%	4h	0.6870	−0.092%	$1.6M	$487K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6877	+0.010%	$8.2M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6878	+0.025%	$2.1M	$930K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6875	−0.019%	$4.0M	$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	0.6875	−0.019%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6885	+0.129%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6874	−0.029%	$209K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6872	−0.058%	$46K	—	3x	as long as short
Reya AERORUSDPERPlong	+0.0228%	1h	0.6876	long leg	$19K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.6878	+0.025%	$940K	$611K	25x	as long as short
Hyperliquid AERO	+0.0371%	1h	0.6882	+0.089%	$23.2M	$5.1M	3x	as long as short
01 Exchange AEROUSD	+0.0488%	1h	0.6880	+0.049%	$186	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0505% / S −0.0237%	1h	0.6875	−0.020%	$89K	—	100x	as long as short
RISEx AERO/USDC	+0.0540%	1h	0.6876	−0.008%	$211K	$424K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1033%	1h	0.6884	+0.118%	$113K	$292K	15x	as long as short
Lighter AERO	+0.1312%	1h	0.6893	+0.240%	$1.3M	$502K	3x	as long as short
Coinbase International AERO-PERP-INTX	+1.0840%	1h	0.6899	+0.330%	$90K	$36K	25x	as long as short