Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.050%

Price spread now: Reya against MEXC−0.041%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.041% cheaper against MEXC than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AERO_USDT	0.6918	0.0100	pay 0.0050% / 4h	2h 46m	$8.2M	$1.7M	100x
Short	Reya AERORUSDPERP	0.6915	0.0228	get 0.0029% / 1h	46m 51s	$19K	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.041%Rate

Funding earned: $26.92
Price spread: −0.041% → 0.000%: −$4.08
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $8.84
Costs to cover: 0.140%
Break-even: 4.7 days

Slippage unknown: MEXC: live order book, 6 min ago; Reya: 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	0.72 bp	9.0 bp −$9	20.2 bp −$202	94.5 bp −$9,450	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6914	−0.058%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.231%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6917	−0.014%	$23.3M	$5.0M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6916	−0.026%	$41K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6921	+0.041%	$26.3M	$25.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6921	+0.043%	$22.5M	$19.6M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6925	+0.101%	$2.3M	$6.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6922	+0.058%	$1.6M	$495K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.6918	long leg	$8.2M	$1.7M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6924	+0.087%	$2.1M	$929K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6918	0.000%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6922	+0.058%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6922	+0.057%	$2.0M	$1.6M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6916	−0.033%	$219K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6915	−0.048%	$46K	—	3x	as long as short
Reya AERORUSDPERPshort	+0.0228%	1h	0.6915	−0.041%	$19K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.6934	+0.231%	$949K	$686K	25x	as long as short
01 Exchange AEROUSD	+0.0432%	1h	0.6924	+0.088%	$188	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6912	−0.088%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6920	+0.027%	$208K	$401K	3x	as long as short
Lighter AERO	+0.0664%	1h	0.6928	+0.152%	$1.3M	$473K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1151%	1h	0.6924	+0.088%	$135K	$268K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7397	+6.924%	$97K	$38K	25x	as long as short