Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0408%/8h= −44.7% APRpaid last 24h −0.115%

Price spread now: MEXC against GMX+0.051%7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread pays, funding is against you. MEXC is 0.051% dearer against GMX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AERO/USD [ETH-USDC]	0.6935	L +0.0508% / S −0.0237%	pay 0.0064% / 1h	52m 00s	$90K	—	100x
Short	MEXC AERO_USDT	0.6939	0.0100	get 0.0050% / 4h	3h 52m	$8.3M	$1.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee GMXbpFee MEXCbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$85.72
Price spread: +0.051% → 0.000%: $5.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$100.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.44 bp	9.4 bp −$9	16.1 bp −$161	123.2 bp −$12.3K	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	−0.482%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6941	+0.082%	$23.2M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6947	+0.172%	$40K	$118K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6938	+0.036%	$26.4M	$24.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6934	−0.021%	$22.5M	$18.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6940	+0.066%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6937	+0.023%	$1.6M	$462K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6939	+0.051%	$8.3M	$1.5M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6946	+0.152%	$2.1M	$926K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6935	−0.006%	$4.1M	$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	0.6939	+0.051%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6935	−0.002%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6936	+0.002%	$211K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6937	+0.020%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6940	+0.068%	$19K	$4K	15x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0327%	1h	0.6938	+0.037%	$55K	$11K	10x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6949	+0.196%	$947K	$576K	25x	as long as short
GMX AERO/USD [ETH-USDC]long	L +0.0508% / S −0.0237%	1h	0.6935	long leg	$90K	—	100x
01 Exchange AEROUSD	+0.0592%	1h	0.6949	+0.196%	$188	$101	3x	as long as short
RISEx AERO/USDC	+0.0658%	1h	0.6943	+0.109%	$216K	$450K	3x	as long as short
Lighter AERO	+0.1072%	1h	0.6951	+0.230%	$1.3M	$487K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1175%	1h	0.6945	+0.144%	$115K	$289K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3376%	1h	0.7045	+1.580%	$92K	$35K	25x	as long as short