Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.045%

Price spread now: GMX against KuCoin−0.075%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. GMX is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 45 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	KuCoin AEROUSDTM	0.7089	0.0100	pay 0.0050% / 4h	2h 55m	$2.0M	$1.2M	50x
Short	GMX AERO/USD [ETH-USDC]	0.7084	L +0.0517% / S −0.0233%	get 0.0029% / 1h	55m 12s	$93K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $27.92
Price spread: −0.075% → 0.000%: −$7.48
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$3.56
Costs to cover: 0.240%
Break-even: 7.9 days

Slippage unknown: KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	5.61 bp	56.4 bp −$56	778.1 bp −$7,781	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	−2.638%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7093	+0.063%	$43K	$120K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7089	0.000%	$27.0M	$26.0M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.7082	−0.099%	$23.6M	$19.4M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7093	+0.056%	$2.4M	$5.8M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7086	−0.042%	$1.7M	$473K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7086	−0.042%	$8.6M	$1.4M	100x	as long as short
KuCoin AEROUSDTMlong	+0.0100%	4h	0.7089	long leg	$2.0M	$1.2M	50x
Bitget AEROUSDT	+0.0100%	4h	0.7085	−0.056%	$4.2M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.7083	−0.085%	—	$1.8M	—	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AERO	+0.0100%	4h	0.7143	+0.763%	$2.0M	$1.1M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7089	+0.006%	$215K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7108	+0.267%	$48K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0173%	1h	0.7091	+0.028%	$56K	$684	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7093	+0.057%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7109	+0.282%	$980K	$591K	25x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0517% / S −0.0233%	1h	0.7084	−0.075%	$93K	—	100x
Backpack AERO_USDC_PERP	+0.0680%	1h	0.7087	−0.034%	$100K	$251K	15x	as long as short
RISEx AERO/USDC	+0.0706%	1h	0.7091	+0.025%	$233K	$590K	3x	as long as short
01 Exchange AEROUSD	+0.0984%	1h	0.7103	+0.195%	$192	$101	3x	as long as short
Hyperliquid AERO	+0.1386%	1h	0.7100	+0.153%	$23.4M	$6.1M	3x	as long as short
Lighter AERO	+0.1712%	1h	0.7108	+0.264%	$1.3M	$396K	3x	as long as short
Coinbase International AERO-PERP-INTX	+0.3888%	1h	0.7100	+0.155%	$90K	$40K	25x	as long as short