Funding you earn now, next payment 00:00 UTC+0.0534%/8h= +58.4% APRnext payment +$0.67 per $10,000 · paid last 24h −0.053%
Price spread now: Backpack against GMX+0.111%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.111% dearer against GMX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AERO/USD [ETH-USDC] | 0.7040 | L +0.0514% / S −0.0250% | pay 0.0064% / 1h | 31m 10s | $91K | — | 100x |
| Short | Backpack AERO_USDC_PERP | 0.7047 | 0.1047 | get 0.0131% / 1h | 31m 10s | $105K | $316K | 15x |
GMX AERO/USD [ETH-USDC]
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $112.06
- Price spread: +0.111% → 0.000%
- $11.11
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $101.17
- Costs to cover
- 0.220%
- Break-even
- 0.7 days
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 47 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 47 min ago | 0.36 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.0033% | 1h | 0.6902 | −1.954% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0034% | 1h | 0.7040 | +0.006% | $56K | $11K | 10x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.7053 | +0.191% | $41K | $113K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.7036 | −0.056% | $26.5M | $26.4M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.7037 | −0.037% | $22.8M | $21.7M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.7041 | +0.020% | $2.3M | $7.1M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.7041 | +0.020% | $1.6M | $535K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.7041 | +0.020% | $8.4M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.7045 | +0.077% | $2.2M | $935K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.7039 | −0.008% | $4.1M | $2.2M | 75x | as long as short |
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.7045 | +0.077% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.7041 | +0.023% | $2.1M | $1.8M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.7037 | −0.036% | $218K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.7039 | −0.006% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.7042 | +0.040% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.7040 | +0.006% | $944K | $717K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC]long | L +0.0514% / S −0.0250% | 1h | 0.7040 | long leg | $91K | — | 100x | |
| Coinbase International AERO-PERP-INTX | +0.0520% | 1h | 0.7530 | +6.967% | $100K | $35K | 25x | as long as short |
| RISEx AERO/USDC | +0.0563% | 1h | 0.7048 | +0.123% | $239K | $392K | 3x | as long as short |
| Hyperliquid AERO | +0.0623% | 1h | 0.7052 | +0.178% | $23.7M | $5.4M | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0720% | 1h | 0.7053 | +0.193% | $191 | $111 | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1047% | 1h | 0.7047 | +0.111% | $105K | $316K | 15x | |
| Lighter AERO | +0.1928% | 1h | 0.7060 | +0.291% | $1.3M | $461K | 3x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
Coinbase International AERO-PERP-INTX
RISEx AERO/USDC
Hyperliquid AERO
01 Exchange AEROUSD
Lighter AERO