Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.058%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.058%, 7d avg +0.004%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.054% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AEROUSDT	0.6900	0.0100	pay 0.0050% / 4h	3h 54m	$22.5M	$17.9M	25x
Short	MEXC AERO_USDT	0.6904	0.0100	get 0.0050% / 4h	3h 54m	$8.5M	$1.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.004%: $5.43
Slippage, 4 orders: −$31.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$45.14
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 4 min ago.

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 Bybit live order book, 4 min ago	0.73 bp	14.1 bp −$14	36.1 bp −$361	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.45 bp	11.5 bp −$12	27.9 bp −$279	132.0 bp −$13.2K	doesn't fit

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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.6916	+0.232%	$88K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.029%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6899	−0.013%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6903	+0.043%	$26.0M	$25.0M	75x	as long as short
Bybit AEROUSDTlong	+0.0100%	4h	0.6900	long leg	$22.5M	$17.9M	25x
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6908	+0.116%	$2.3M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6898	−0.029%	$1.6M	$462K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6904	+0.058%	$8.5M	$1.4M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6903	+0.043%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6900	0.000%	$4.0M	$1.9M	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	0.6901	+0.014%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6895	−0.067%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6900	−0.003%	$208K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6901	+0.019%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6903	+0.046%	$19K	$4K	15x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0330%	1h	0.6903	+0.043%	$55K	$11K	10x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6891	−0.130%	$896K	$577K	25x	as long as short
01 Exchange AEROUSD	+0.0480%	1h	0.6912	+0.178%	$187	$101	3x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6905	+0.072%	$201K	$548K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0519% / S −0.0255%	1h	0.6898	−0.023%	$90K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0689%	1h	0.6907	+0.103%	$95K	$262K	15x	as long as short
Hyperliquid AERO	+0.0755%	1h	0.6914	+0.201%	$22.8M	$5.4M	3x	as long as short
Lighter AERO	+0.1232%	1h	0.6915	+0.222%	$1.3M	$385K	3x	as long as short