Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.072%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.072%, 7d avg −0.030%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.043% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AERO_USDT	0.6899	0.0100	pay 0.0050% / 4h	3h 27m	$8.4M	$1.4M	100x
Short	Bitget AEROUSDT	0.6894	0.0100	get 0.0050% / 4h	3h 27m	$4.0M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.030%: −$4.26
Slippage, 4 orders: −$38.75
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.01
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 min ago.

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 MEXC live order book, 5 min ago	2.17 bp	16.6 bp −$17	58.1 bp −$581	145.0 bp −$14.5K	doesn't fit
Sell Bitget live order book, 5 min ago	2.89 bp	12.3 bp −$12	42.6 bp −$426	doesn't fit	doesn't fit

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
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.6898	−0.014%	$87K	$39K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.043%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6901	+0.025%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6900	+0.014%	$26.0M	$24.9M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6892	−0.101%	$22.6M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6900	+0.014%	$2.3M	$5.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6894	−0.072%	$1.6M	$467K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.6899	long leg	$8.4M	$1.4M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6901	+0.029%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDTshort	+0.0100%	4h	0.6894	−0.072%	$4.0M	$1.9M	75x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6900	+0.014%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6899	−0.002%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6901	+0.030%	$209K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6888	−0.152%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0186%	1h	0.6891	−0.116%	$55K	$11K	10x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6888	−0.153%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6900	+0.014%	$949K	$558K	25x	as long as short
RISEx AERO/USDC	+0.0503%	1h	0.6885	−0.204%	$200K	$570K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0519% / S −0.0255%	1h	0.6885	−0.207%	$90K	—	100x	as long as short
01 Exchange AEROUSD	+0.0736%	1h	0.6889	−0.138%	$187	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0766%	1h	0.6904	+0.067%	$94K	$262K	15x	as long as short
Hyperliquid AERO	+0.0872%	1h	0.6913	+0.196%	$22.8M	$5.4M	3x	as long as short
Lighter AERO	+0.1464%	1h	0.6912	+0.184%	$1.3M	$386K	3x	as long as short