Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.041%

Price spread now: GMX against MEXC+0.011%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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	MEXC AERO_USDT	0.6990	0.0100	pay 0.0050% / 4h	50m 24s	$8.5M	$1.4M	100x
Short	GMX AERO/USD [ETH-USDC]	0.6991	L +0.0514% / S −0.0235%	get 0.0029% / 1h	50m 24s	$92K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $28.35
Price spread: +0.011% → 0.000%: $1.12
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.47
Costs to cover: 0.200%
Break-even: 4.7 days

Slippage unknown: MEXC: live order book, 6 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 MEXC live order book, 6 min ago	0.71 bp	8.6 bp −$9	14.5 bp −$145	116.3 bp −$11.6K	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 exchanges

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	−0.1456%	1h	0.6995	+0.072%	$87K	$40K	25x	as long as short
BloFin AERO-USDT	−0.0200%	4h	0.6985	−0.072%	$974K	$638K	25x	as long as short
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6979	−0.157%	$55K	—	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.259%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6987	−0.039%	$42K	$105K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6992	+0.026%	$26.5M	$25.1M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6979	−0.157%	$23.0M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6989	−0.014%	$2.4M	$5.5M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6983	−0.100%	$1.6M	$470K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.6990	long leg	$8.5M	$1.4M	100x

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AEROUSDTM	+0.0100%	4h	0.6982	−0.114%	$1.9M	$1.3M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6982	−0.114%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6986	−0.057%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6980	−0.148%	$1.9M	$865K	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6979	−0.163%	$224K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6980	−0.145%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6991	+0.016%	$20K	$4K	15x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0514% / S −0.0235%	1h	0.6991	+0.011%	$92K	—	100x
RISEx AERO/USDC	+0.0517%	1h	0.6985	−0.073%	$215K	$596K	3x	as long as short
01 Exchange AEROUSD	+0.0552%	1h	0.6996	+0.082%	$190	$101	3x	as long as short
Hyperliquid AERO	+0.0577%	1h	0.6999	+0.136%	$23.1M	$5.9M	3x	as long as short
Backpack AERO_USDC_PERP	+0.0607%	1h	0.6985	−0.067%	$96K	$245K	15x	as long as short
Lighter AERO	+0.0960%	1h	0.6990	−0.001%	$1.3M	$393K	3x	as long as short