Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.044%

Price spread now: MEXC against Deribit+0.029%7-day average — · you sell dearer than you buy

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

Long on Deribit 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—needs both histories

The price spread pays, funding is against you. MEXC is 0.029% dearer against Deribit than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AERO_USDC-PERPETUAL	0.6887	0.0186	pay 0.0023% / 1h	18m 38s	$55K	$11K	10x
Short	MEXC AERO_USDT	0.6889	0.0100	get 0.0050% / 4h	3h 18m	$8.3M	$1.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$18.06
Price spread: +0.029% → 0.000%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$30.16
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 4 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.73 bp	7.0 bp −$7	17.6 bp −$176	115.6 bp −$11.6K	doesn't fit

Deribit: 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	+0.218%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6897	+0.150%	$23.0M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6889	+0.023%	$40K	$118K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6891	+0.057%	$26.2M	$24.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6888	+0.015%	$22.3M	$18.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6893	+0.087%	$2.3M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6887	0.000%	$1.6M	$464K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6889	+0.029%	$8.3M	$1.5M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6892	+0.073%	$2.1M	$930K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6888	+0.015%	$4.0M	$1.8M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6889	+0.029%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6883	−0.054%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6888	+0.016%	$209K	$1.8M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6886	−0.013%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUALlong	+0.0186%	1h	0.6887	long leg	$55K	$11K	10x
Reya AERORUSDPERP	+0.0228%	1h	0.6888	+0.016%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6886	−0.015%	$943K	$578K	25x	as long as short
01 Exchange AEROUSD	+0.0472%	1h	0.6897	+0.145%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0507% / S −0.0237%	1h	0.6883	−0.052%	$90K	—	100x	as long as short
RISEx AERO/USDC	+0.0658%	1h	0.6890	+0.037%	$199K	$470K	3x	as long as short
Lighter AERO	+0.0992%	1h	0.6902	+0.222%	$1.3M	$490K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1054%	1h	0.6899	+0.177%	$113K	$248K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3376%	1h	0.6873	−0.203%	$89K	$34K	25x	as long as short