Funding you earn now, next payment 02:00 UTC−0.0906%/8h= −99.2% APRnext payment −$1.13 per $10,000 · paid last 24h −0.042%
Price spread now: GMX against Backpack−0.291%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and GMX is 0.291% cheaper against Backpack than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack AERO_USDC_PERP | 0.6932 | 0.1143 | pay 0.0143% / 1h | 43m 14s | $134K | $270K | 15x |
| Short | GMX AERO/USD [ETH-USDC] | 0.6912 | L +0.0506% / S −0.0237% | get 0.0030% / 1h | 43m 14s | $90K | — | 100x |
Backpack AERO_USDC_PERP
GMX AERO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$190.23
- Price spread: −0.291% → 0.000%
- −$29.08
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$241.31
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 25 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 Backpack live order book, 25 min ago | 0.07 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | 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 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 | −0.433% | $4 | $209K | 5.5x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0039% | 1h | 0.6912 | −0.289% | $55K | $11K | 10x | as long as short |
| Hyperliquid AERO | +0.0100% | 1h | 0.6918 | −0.198% | $23.3M | $5.0M | 3x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6915 | −0.252% | $41K | $113K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6914 | −0.266% | $26.2M | $25.8M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6912 | −0.289% | $22.5M | $19.6M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6909 | −0.332% | $2.3M | $6.6M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6914 | −0.260% | $1.6M | $495K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6916 | −0.231% | $8.2M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6920 | −0.173% | $2.1M | $929K | 50x | as long as short |
Injective AERO/USDC PERP
Deribit AERO_USDC-PERPETUAL
Hyperliquid AERO
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AEROUSDT | +0.0100% | 4h | 0.6910 | −0.317% | $4.1M | $2.0M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6914 | −0.260% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6913 | −0.268% | $2.0M | $1.3M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6911 | −0.306% | $220K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6909 | −0.328% | $46K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6915 | −0.250% | $19K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6934 | +0.029% | $949K | $686K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0408% | 1h | 0.6924 | −0.120% | $188 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC]short | L +0.0506% / S −0.0237% | 1h | 0.6912 | −0.291% | $90K | — | 100x | |
| RISEx AERO/USDC | +0.0660% | 1h | 0.6919 | −0.191% | $208K | $400K | 3x | as long as short |
| Lighter AERO | +0.0680% | 1h | 0.6926 | −0.088% | $1.3M | $473K | 3x | as long as short |
| Backpack AERO_USDC_PERPlong | +0.1143% | 1h | 0.6932 | long leg | $134K | $270K | 15x | |
| Coinbase International AERO-PERP-INTX | +0.3256% | 1h | 0.7393 | +6.650% | $97K | $38K | 25x | as long as short |
Bitget AEROUSDT
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX