Settings8H · net · $10k
Funding arb · Price arb /

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0402%/8h= −44.0% APRnext payment $0.50 per $10,000 · paid last 24h −0.097%
Price spread now: Hyperliquid against GMX+0.017%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds 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: −$12 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX AERO/USD [ETH-USDC]0.6882L +0.0502% / S −0.0223%pay 0.0063% / 1h50m 55s$92K100x
ShortHyperliquid AERO0.68840.0100get 0.0013% / 1h50m 55s$23.1M$5.7M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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

Funding earned
−$84.39
Price spread: +0.017% → 0.000%
$1.66
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$103.73
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Hyperliquid live order book, 12 min ago0.36 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AERO_USDC-PERPETUAL−0.0331%1h0.6879−0.049%$55K$11K10xas long as short
Hyperliquid AEROshort+0.0100%1h0.6884+0.017%$23.1M$5.7M3x
Aster AEROUSDT+0.0100%4h0.6885+0.045%$39K$109K10xas long as short
Binance AEROUSDT+0.0100%4h0.6884+0.022%$25.5M$25.6M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6885+0.038%$21.9M$20.6M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6887+0.067%$2.3M$6.8M20xas long as short
Gate AERO_USDT+0.0100%4h0.6875−0.107%$1.6M$522K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6878−0.063%$8.1M$1.6M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6881−0.020%$2.1M$873K50xas long as short
Bitget AEROUSDT+0.0100%4h0.6878−0.063%$4.1M$2.2M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.6885+0.038%$1.8Mas long as short
Variational Omni AERO+0.0100%4h0.6900+0.262%$1.9M$1.7Mas long as short
Extended AERO-USD+0.0104%1h0.6878−0.067%$202K$1.3M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6882−0.003%$46K3xas long as short
Injective AERO/USDC PERP+0.0175%1h0.6902+0.285%$4$209K5.5xas long as short
Reya AERORUSDPERP+0.0228%1h0.6881−0.027%$19K$4K15xas long as short
01 Exchange AEROUSD+0.0256%1h0.6888+0.088%$187$1153xas long as short
BloFin AERO-USDT+0.0340%4h0.6885+0.038%$911K$693K25xas long as short
GMX AERO/USD [ETH-USDC]longL +0.0502% / S −0.0223%1h0.6882long leg$92K100x
Backpack AERO_USDC_PERP+0.0539%1h0.6886+0.057%$102K$313K15xas long as short
RISEx AERO/USDC+0.0676%1h0.6888+0.078%$213K$379K3xas long as short
Coinbase International AERO-PERP-INTX+0.0736%1h0.6911+0.416%$92K$32K25xas long as short
Lighter AERO+0.0912%1h0.6897+0.220%$1.3M$464K3xas long as short