Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.028%

Price spread now: KuCoin against 01 Exchange+0.077%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange 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—needs both histories

The price spread pays, funding is against you. KuCoin is 0.077% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AEROUSD	0.6864	0.0400	pay 0.0050% / 1h	39m 08s	$186	$111	3x
Short	KuCoin AEROUSDTM	0.6869	0.0100	get 0.0050% / 4h	2h 39m	$2.1M	$932K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$63
Price spread: +0.077% → 0.000%: $7.72
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$74.28
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 2 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	9.46 bp	32.8 bp −$33	280.4 bp −$2,804	doesn't fit	doesn't fit

01 Exchange: 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	+0.558%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6868	+0.058%	$23.2M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6869	+0.075%	$41K	$116K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6867	+0.051%	$26.1M	$26.0M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6866	+0.034%	$22.4M	$19.6M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6871	+0.106%	$2.3M	$6.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6864	+0.004%	$1.6M	$496K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6866	+0.034%	$8.2M	$1.7M	100x	as long as short
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6869	+0.077%	$2.1M	$932K	50x
Bitget AEROUSDT	+0.0100%	4h	0.6865	+0.019%	$4.0M	$2.0M	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	0.6862	−0.025%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6869	+0.076%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6865	+0.014%	$205K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6863	−0.006%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0187%	1h	0.6867	+0.048%	$55K	$11K	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6870	+0.087%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6934	+1.024%	$949K	$686K	25x	as long as short
01 Exchange AEROUSDlong	+0.0400%	1h	0.6864	long leg	$186	$111	3x
GMX AERO/USD [ETH-USDC]	L +0.0504% / S −0.0237%	1h	0.6864	+0.010%	$89K	—	100x	as long as short
Lighter AERO	+0.0648%	1h	0.6882	+0.267%	$1.3M	$478K	3x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6862	−0.030%	$207K	$400K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1128%	1h	0.6878	+0.208%	$136K	$272K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7328	+6.765%	$96K	$38K	25x	as long as short