Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.039%

Price spread now: GMX against Binance−0.030%7-day average — · you buy dearer than you sell

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

Long on Binance 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—needs both histories

Funding pays, the price is against you. GMX is 0.030% cheaper against Binance than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AEROUSDT	0.6837	0.0100	pay 0.0050% / 4h	2h 20m	$25.8M	$25.1M	75x
Short	GMX AERO/USD [ETH-USDC]	0.6835	L +0.0505% / S −0.0237%	get 0.0030% / 1h	20m 30s	$89K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $28.72
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $3.75
Costs to cover: 0.220%
Break-even: 6.1 days

Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago	0.74 bp	12.0 bp −$12	25.2 bp −$252	460.0 bp −$46.0K	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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6819	−0.261%	$54K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.953%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6838	+0.014%	$22.6M	$5.3M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6832	−0.073%	$41K	$124K	10x	as long as short
Binance AEROUSDTlong	+0.0100%	4h	0.6837	long leg	$25.8M	$25.1M	75x
Bybit AEROUSDT	+0.0100%	4h	0.6834	−0.042%	$22.2M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6841	+0.061%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6829	−0.115%	$1.6M	$475K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6835	−0.027%	$8.4M	$1.6M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6833	−0.056%	$2.0M	$1.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6830	−0.100%	$4.0M	$1.8M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6836	−0.013%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6820	−0.249%	$1.9M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6835	−0.033%	$201K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6826	−0.159%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6835	−0.021%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6823	−0.203%	$924K	$593K	25x	as long as short
01 Exchange AEROUSD	+0.0352%	1h	0.6841	+0.065%	$185	$101	3x	as long as short
RISEx AERO/USDC	+0.0382%	1h	0.6838	+0.013%	$199K	$489K	3x	as long as short
Backpack AERO_USDC_PERP	+0.0406%	1h	0.6826	−0.157%	$93K	$260K	15x	as long as short
Lighter AERO	+0.0432%	1h	0.6849	+0.173%	$1.3M	$507K	3x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0505% / S −0.0237%	1h	0.6835	−0.030%	$89K	—	100x
Coinbase International AERO-PERP-INTX	+0.1984%	1h	0.6802	−0.510%	$88K	$34K	25x	as long as short