AERO Funding Rate — live across 15 venues

Compared across 15 supported venues · net of estimated fees · updated every few minutes

Live annualized AERO perpetual funding across all 15 venues Perpia tracks. Right now AERO funding is positive on 12 and negative on 3, ranging from +11.4% on Extended to -23.0% on Variational — a spread of 34.4%. The widest delta-neutral trade is long Variational / short Extended at 32.4% net APR.

venues

paying positive

34.4%

funding spread

Best AERO spread now

32.4%

net APR after fees

Long Variational→Short Extended

size depends on live venue depth — see the real cap in the scanner

AERO funding trend & liquidity

168h of history

34.4%

current gross APR

-6.5%

24h average

-12.9%

7-day average

$362K

pair OI · lower leg

$348K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

AERO funding rate history

30d · 6h buckets · 12 venues

131%0-76.0%

4 Aug3 Sep

AERO — average across 12 venuesAsterBackPackExtendedHyperliquid

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +7.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

AERO funding rate by venue

38 pairs scanned

Venue	Funding APR	Interval
Extended ↗	+11.4%	1h
Risex ↗	+11.2%	1h
MEXC ↗	+10.9%	4h
BackPack ↗	+10.9%	1h
Gate.io ↗	+10.9%	4h
Binance ↗	+10.9%	4h
OKX ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Aster ↗	+10.9%	1h
Hyperliquid ↗	+10.9%	1h
Lighter ↗	+10.5%	8h
KuCoin ↗	-13.8%	4h
Bybit ↗	-22.0%	4h
Variational ↗	-23.0%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Variational vs Extended page.

AERO arbitrage — 30-day backtest

long Variational · short Extended

-1.4%

backtested APR

−$11

historical net P&L on $10,000

0.25%

max drawdown

$10,000$9,989

30 days agostarting capital $10,000today

Over the last 30 days, holding long Variational / short Extended would have produced -1.4% APR — versus the 32.4% the live spread implies right now (equity $10,000 → $9,989). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading AERO backtest…

AERO funding — FAQ

Is AERO funding positive right now?

AERO perpetual funding is positive on 12 of 15 venues Perpia tracks and negative on 3. The highest is +11.4% on Extended; the lowest is -23.0% on Variational.

What is the best AERO funding arbitrage right now?

Go long Variational and short Extended for about 32.4% net APR after fees — the widest delta-neutral AERO spread Perpia currently sees.

Which exchange has the highest AERO funding rate?

Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.

How AERO funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to AERO

Markets also quoted on both Extended and Variational — the same two exchanges you would already have funded for the AERO trade.

See every spread between them on the Extended vs Variational page.

Open the live scanner →All funding rates Funding by exchange How we calculate this