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: MEXC against Reya+0.102%7-day average — · you sell dearer than you buy

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

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

The price spread pays, funding is against you. MEXC is 0.102% dearer against Reya than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AERORUSDPERP	0.6916	0.0228	pay 0.0029% / 1h	48m 06s	$19K	$4K	15x
Short	MEXC AERO_USDT	0.6923	0.0100	get 0.0050% / 4h	2h 48m	$8.3M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$26.92
Price spread: +0.102% → 0.000%: $10.23
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$30.7
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.72 bp	13.1 bp −$13	73.6 bp −$736	120.4 bp −$12.0K	doesn't fit

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	0.6919	+0.044%	$55K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.201%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6931	+0.219%	$23.3M	$5.0M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6922	+0.095%	$41K	$113K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6925	+0.126%	$26.3M	$25.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6926	+0.146%	$22.5M	$19.6M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6928	+0.175%	$2.3M	$6.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6927	+0.160%	$1.6M	$488K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6923	+0.102%	$8.3M	$1.7M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6930	+0.203%	$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	0.6927	+0.160%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6926	+0.146%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6922	+0.087%	$2.0M	$1.6M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6919	+0.041%	$219K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6917	+0.022%	$46K	—	3x	as long as short
Reya AERORUSDPERPlong	+0.0228%	1h	0.6916	long leg	$19K	$4K	15x
BloFin AERO-USDT	+0.0340%	4h	0.6934	+0.261%	$949K	$686K	25x	as long as short
01 Exchange AEROUSD	+0.0440%	1h	0.6927	+0.160%	$188	$111	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0506% / S −0.0237%	1h	0.6914	−0.022%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0660%	1h	0.6923	+0.104%	$208K	$401K	3x	as long as short
Lighter AERO	+0.0664%	1h	0.6933	+0.245%	$1.3M	$472K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1167%	1h	0.6933	+0.245%	$135K	$268K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3256%	1h	0.7406	+7.086%	$97K	$38K	25x	as long as short