Funding you earn now, next payment 02:00 UTC+0.1070%/8h= +117.2% APRpaid last 24h +0.084%
Price spread now: Backpack against Variational Omni+0.145%7-day average −0.043% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−1.249%−$125 · spread now +0.145%, 7d avg −0.043%
=Together, before fees−1.008%+ Points / potential airdropVariational Omni: Active · farm board−$101 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Backpack is 0.189% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.043%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.240% in total (about 25.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AERO | 0.6905 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $2.0M | $1.3M | — |
| Short | Backpack AERO_USDC_PERP | 0.6915 | 0.1170 | get 0.0146% / 1h | 24m 29s | $129K | $281K | 15x |
Variational Omni AERO
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $224.68
- Price spread: +0.145% → −0.043%
- $18.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $233.54
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Backpack: live order book, 44 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 Variational Omni RFQ quote, 5 min ago | 5.08 bp | doesn't fit | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 44 min ago | 0.07 bp | 8.8 bp −$9 | doesn't fit | 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 | −0.049% | $4 | $209K | 5.5x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6903 | −0.031% | $23.3M | $5.3M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6902 | −0.048% | $39K | $118K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6902 | −0.055% | $26.2M | $25.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6900 | −0.078% | $22.4M | $19.4M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6903 | −0.034% | $2.3M | $6.7M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6900 | −0.078% | $1.6M | $506K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6902 | −0.049% | $8.2M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6907 | +0.024% | $2.1M | $930K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6901 | −0.063% | $4.0M | $2.0M | 75x | as long as short |
Injective AERO/USDC PERP
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6904 | −0.020% | — | $1.8M | — | as long as short |
| Variational Omni AEROlong | +0.0100% | 4h | 0.6905 | long leg | $2.0M | $1.3M | — | |
| Extended AERO-USD | +0.0104% | 1h | 0.6900 | −0.082% | $207K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6897 | −0.114% | $46K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0184% | 1h | 0.6912 | +0.096% | $55K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6900 | −0.076% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0408% | 1h | 0.6906 | +0.005% | $187 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0505% / S −0.0237% | 1h | 0.6896 | −0.139% | $90K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0660% | 1h | 0.6903 | −0.036% | $211K | $402K | 3x | as long as short |
| Lighter AERO | +0.1008% | 1h | 0.6929 | +0.348% | $1.3M | $498K | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1170% | 1h | 0.6915 | +0.145% | $129K | $281K | 15x | |
| Coinbase International AERO-PERP-INTX | +0.3256% | 1h | 0.7372 | +6.758% | $97K | $38K | 25x | as long as short |
BingX AERO-USDT
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX