Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h +0.045%

Price spread now: GMX against Aster−0.117%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.117% cheaper against Aster than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AEROUSDT	0.6874	0.0100	pay 0.0050% / 4h	2h 36m	$38K	$108K	10x
Short	GMX AERO/USD [ETH-USDC]	0.6866	L +0.0502% / S −0.0229%	get 0.0029% / 1h	36m 25s	$91K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $27.13
Price spread: −0.117% → 0.000%: −$11.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.52
Costs to cover: 0.200%
Break-even: 8.2 days

Slippage unknown: Aster: live order book, 49 min ago; GMX: no order-book sample. 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 Aster live order book, 49 min ago	3.62 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	+0.0052%	1h	0.6891	+0.247%	$4	$166K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6870	−0.055%	$23.1M	$5.7M	3x	as long as short
Aster AEROUSDTlong	+0.0100%	4h	0.6874	long leg	$38K	$108K	10x
Binance AEROUSDT	+0.0100%	4h	0.6865	−0.131%	$25.4M	$25.6M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6866	−0.116%	$21.8M	$20.5M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6867	−0.102%	$2.3M	$6.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6866	−0.116%	$1.6M	$562K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6868	−0.087%	$8.1M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6862	−0.175%	$2.2M	$860K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6866	−0.116%	$4.1M	$2.2M	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	0.6869	−0.073%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6863	−0.160%	$1.8M	$1.6M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6866	−0.120%	$201K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6875	+0.020%	$46K	—	3x	as long as short
01 Exchange AEROUSD	+0.0208%	1h	0.6871	−0.039%	$186	$115	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6866	−0.112%	$19K	$4K	15x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0333%	1h	0.6869	−0.073%	$55K	$11K	10x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6876	+0.029%	$912K	$703K	25x	as long as short
Backpack AERO_USDC_PERP	+0.0443%	1h	0.6883	+0.132%	$102K	$313K	15x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0502% / S −0.0229%	1h	0.6866	−0.117%	$91K	—	100x
RISEx AERO/USDC	+0.0530%	1h	0.6872	−0.034%	$221K	$374K	3x	as long as short
Lighter AERO	+0.0824%	1h	0.6884	+0.143%	$1.3M	$492K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.1488%	1h	0.6869	−0.073%	$91K	$18K	25x	as long as short