Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.043%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.168%+$17 · spread now −0.043%, 7d avg −0.022%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AERO_USDT	0.6984	0.0100	pay 0.0050% / 4h	6m 13s	$8.3M	$1.7M	100x
Short	Bitget AEROUSDT	0.6981	0.0100	get 0.0050% / 4h	6m 13s	$4.1M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.022%: −$2.06
Slippage, 4 orders: −$29.55
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$51.61
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 2 min ago.

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 MEXC live order book, 2 min ago	2.15 bp	7.9 bp −$8	29.3 bp −$293	140.5 bp −$14.1K	doesn't fit
Sell Bitget live order book, 2 min ago	2.87 bp	15.4 bp −$15	29.0 bp −$290	doesn't fit	doesn't fit

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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6981	−0.043%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.174%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6983	−0.014%	$41K	$117K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6983	−0.007%	$26.3M	$26.7M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6981	−0.043%	$22.5M	$22.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6981	−0.043%	$2.3M	$7.0M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6980	−0.057%	$1.6M	$541K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.6984	long leg	$8.3M	$1.7M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6987	+0.043%	$2.2M	$945K	50x	as long as short
Bitget AEROUSDTshort	+0.0100%	4h	0.6981	−0.043%	$4.1M	$2.2M	75x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6985	+0.014%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6978	−0.092%	$2.0M	$1.8M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6979	−0.077%	$216K	$1.3M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6977	−0.099%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6978	−0.082%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6982	−0.029%	$940K	$737K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0511% / S −0.0240%	1h	0.6977	−0.106%	$92K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.0520%	1h	0.7465	+6.887%	$99K	$35K	25x	as long as short
RISEx AERO/USDC	+0.0563%	1h	0.6986	+0.023%	$210K	$406K	3x	as long as short
Hyperliquid AERO	+0.0566%	1h	0.6993	+0.125%	$23.5M	$5.4M	3x	as long as short
01 Exchange AEROUSD	+0.0568%	1h	0.6989	+0.070%	$189	$111	3x	as long as short
Backpack AERO_USDC_PERP	+0.0816%	1h	0.6990	+0.082%	$104K	$315K	15x	as long as short
Lighter AERO	+0.1656%	1h	0.7002	+0.261%	$1.3M	$461K	3x	as long as short