Funding you earn now, next payment 01:00 UTC+0.0897%/8h= +98.2% APRnext payment +$1.12 per $10,000 · paid last 24h −0.044%
Price spread now: Backpack against GMX+0.174%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$27 a day on $10k at the current rate, and Backpack is 0.174% dearer against GMX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AERO/USD [ETH-USDC] | 0.6990 | L +0.0512% / S −0.0240% | pay 0.0064% / 1h | 33m 45s | $92K | — | 100x |
| Short | Backpack AERO_USDC_PERP | 0.7002 | 0.1408 | get 0.0176% / 1h | 33m 45s | $134K | $320K | 15x |
GMX AERO/USD [ETH-USDC]
Backpack AERO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GMX. 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
- $188.31
- Price spread: +0.174% → 0.000%
- $17.43
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $183.73
- Costs to cover
- 0.220%
- Break-even
- 0.2 days
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 40 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 40 min ago | 0.07 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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 | −1.252% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6995 | +0.085% | $40K | $112K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6989 | −0.010% | $26.5M | $26.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6985 | −0.065% | $22.6M | $21.1M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6989 | −0.007% | $2.3M | $7.0M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6987 | −0.036% | $1.6M | $493K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6989 | −0.007% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6992 | +0.035% | $2.2M | $939K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6986 | −0.050% | $4.1M | $2.2M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6988 | −0.022% | — | $1.8M | — | as long as short |
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AERO | +0.0100% | 4h | 0.6993 | +0.049% | $2.0M | $1.8M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6986 | −0.056% | $217K | $2.0M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6991 | +0.021% | $47K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0179% | 1h | 0.6993 | +0.050% | $56K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6992 | +0.039% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6978 | −0.165% | $941K | $737K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0496% | 1h | 0.7002 | +0.173% | $190 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC]long | L +0.0512% / S −0.0240% | 1h | 0.6990 | long leg | $92K | — | 100x | |
| RISEx AERO/USDC | +0.0687% | 1h | 0.6996 | +0.096% | $222K | $398K | 3x | as long as short |
| Hyperliquid AERO | +0.0732% | 1h | 0.7000 | +0.144% | $23.5M | $5.3M | 3x | as long as short |
| Backpack AERO_USDC_PERPshort | +0.1408% | 1h | 0.7002 | +0.174% | $134K | $320K | 15x | |
| Lighter AERO | +0.1608% | 1h | 0.7004 | +0.207% | $1.3M | $459K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3896% | 1h | 0.6965 | −0.351% | $92K | $35K | 25x | as long as short |
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
RISEx AERO/USDC
Hyperliquid AERO
Lighter AERO
Coinbase International AERO-PERP-INTX