Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.082%

Price spread now: OKX against RISEx+0.079%46s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.388% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.456%−$46 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.079%, 7d avg +0.004%

Together, before fees−0.646%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.075% dearer against RISEx than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.004%): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AERO/USDC	0.6903	0.0540	pay 0.0068% / 1h	51m 55s	$214K	$405K	3x
Short	OKX AERO-USDT-SWAP	0.6908	0.0100	get 0.0050% / 4h	1h 51m	$2.3M	$6.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against RISEx. 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 RISExbpFee OKXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$92.46
Price spread: +0.079% → +0.004%: $7.52
Slippage, 4 orders: −$22.79
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$123.73
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from RISEx: live order book, 11 min ago; OKX: live order book, 1 min ago.

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 RISEx live order book, 11 min ago	0.80 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.17 bp	17.1 bp −$17	41.6 bp −$416	doesn't fit	doesn't fit

AERO on 22 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	−0.008%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6905	+0.035%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6901	−0.025%	$40K	$115K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6906	+0.054%	$26.2M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6902	−0.008%	$22.4M	$19.0M	25x	as long as short
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6908	+0.079%	$2.3M	$6.6M	20x
Gate AERO_USDT	+0.0100%	4h	0.6897	−0.081%	$1.6M	$478K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6906	+0.050%	$8.2M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6895	−0.110%	$2.1M	$939K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6902	−0.008%	$4.1M	$1.9M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6900	−0.037%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6907	+0.069%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6905	+0.038%	$206K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6900	−0.039%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6900	−0.039%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0342%	1h	0.6912	+0.129%	$23.2M	$5.1M	3x	as long as short
01 Exchange AEROUSD	+0.0456%	1h	0.6906	+0.057%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6903	+0.010%	$90K	—	100x	as long as short
RISEx AERO/USDClong	+0.0540%	1h	0.6903	long leg	$214K	$405K	3x
Backpack AERO_USDC_PERP	+0.1137%	1h	0.6915	+0.174%	$118K	$282K	15x	as long as short
Lighter AERO	+0.1288%	1h	0.6924	+0.308%	$1.3M	$492K	3x	as long as short
Coinbase International AERO-PERP-INTX	+1.0840%	1h	0.6912	+0.137%	$90K	$36K	25x	as long as short