Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.038%

Price spread now: GMX against Gate−0.002%7-day average — · you buy dearer than you sell

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

Long on Gate 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.6848	0.0100	pay 0.0050% / 4h	1h 39m	$1.6M	$472K	75x
Short	GMX AERO/USD [ETH-USDC]	0.6848	L +0.0506% / S −0.0246%	get 0.0031% / 1h	39m 03s	$88K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $30.66
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $3.43
Costs to cover: 0.270%
Break-even: 6.2 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	2.19 bp	27.2 bp −$27	209.8 bp −$2,098	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
Coinbase International AERO-PERP-INTX	−0.1896%	1h	0.6858	+0.146%	$88K	$37K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.789%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6851	+0.043%	$42K	$125K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6851	+0.037%	$25.8M	$25.3M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6850	+0.029%	$22.4M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6855	+0.102%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.6848	long leg	$1.6M	$472K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6849	+0.015%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6856	+0.117%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6849	+0.015%	$4.0M	$1.8M	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	0.6852	+0.058%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6858	+0.150%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6848	−0.003%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6849	+0.021%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6850	+0.024%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0315%	1h	0.6858	+0.149%	$22.6M	$5.3M	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6854	+0.088%	$936K	$593K	25x	as long as short
01 Exchange AEROUSD	+0.0432%	1h	0.6855	+0.104%	$186	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6850	+0.034%	$197K	$523K	3x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0506% / S −0.0246%	1h	0.6848	−0.002%	$88K	—	100x
Deribit AERO_USDC-PERPETUAL	+0.0627%	1h	0.6850	+0.029%	$54K	$11K	10x	as long as short
Backpack AERO_USDC_PERP	+0.0683%	1h	0.6855	+0.107%	$93K	$260K	15x	as long as short
Lighter AERO	+0.0896%	1h	0.6865	+0.256%	$1.3M	$499K	3x	as long as short