Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.050%

Price spread now: MEXC against Deribit−0.058%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

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. MEXC is 0.058% cheaper against Deribit than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6898	0.0040	pay 0.0005% / 1h	36m 17s	$55K	$11K	10x
Short	MEXC AERO_USDT	0.6894	0.0100	get 0.0050% / 4h	1h 36m	$8.2M	$1.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.058%Rate

Funding earned: $12.6
Price spread: −0.058% → 0.000%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$8.2
Costs to cover: 0.150%
Break-even: 11.6 days

Slippage unknown: Deribit: no order-book sample; MEXC: 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	1.45 bp	12.1 bp −$12	24.8 bp −$248	126.3 bp −$12.6K	doesn't fit

Deribit: 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	+0.058%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0040%	1h	0.6898	long leg	$55K	$11K	10x
Hyperliquid AERO	+0.0100%	1h	0.6903	+0.074%	$23.2M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6897	−0.021%	$39K	$117K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6896	−0.026%	$26.1M	$25.2M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6897	−0.014%	$22.5M	$19.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6904	+0.087%	$2.3M	$6.6M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6891	−0.101%	$1.6M	$482K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6894	−0.058%	$8.2M	$1.6M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6893	−0.072%	$2.1M	$938K	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	0.6892	−0.087%	$4.1M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6892	−0.087%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6891	−0.099%	$2.0M	$1.3M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6898	+0.001%	$206K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6893	−0.074%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6891	−0.097%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6886	−0.174%	$938K	$631K	25x	as long as short
01 Exchange AEROUSD	+0.0400%	1h	0.6903	+0.077%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6895	−0.050%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0540%	1h	0.6898	−0.004%	$207K	$405K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1033%	1h	0.6895	−0.041%	$113K	$294K	15x	as long as short
Lighter AERO	+0.1200%	1h	0.6916	+0.268%	$1.3M	$498K	3x	as long as short
Coinbase International AERO-PERP-INTX	+1.0840%	1h	0.6899	+0.014%	$90K	$36K	25x	as long as short