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: KuCoin against MEXC−0.128%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.194%+$19 · spread now −0.128%, 7d avg +0.022%

Together, before fees+0.164%+$16 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: KuCoin is 0.151% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AERO_USDT	0.7008	0.0100	pay 0.0050% / 4h	55m 36s	$8.6M	$1.4M	100x
Short	KuCoin AEROUSDTM	0.6999	0.0100	get 0.0050% / 4h	55m 36s	$1.9M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → +0.022%: −$15.06
Slippage, 4 orders: −$90.03
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$125.1
Costs to cover: 1.100%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 4 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	1.43 bp	6.8 bp −$7	26.5 bp −$265	136.8 bp −$13.7K	doesn't fit
Sell KuCoin live order book, 4 min ago	3.57 bp	50.0 bp −$50	270.5 bp −$2,705	doesn't fit	doesn't fit

AERO on 23 exchanges

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	−0.1456%	1h	0.6701	−4.381%	$83K	$38K	25x	as long as short
BloFin AERO-USDT	−0.0200%	4h	0.7000	−0.114%	$977K	$641K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−1.513%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0036%	1h	0.6997	−0.157%	$56K	—	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7011	+0.049%	$42K	$105K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7015	+0.100%	$26.6M	$25.2M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.7011	+0.043%	$23.1M	$17.9M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7014	+0.086%	$2.4M	$5.5M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6999	−0.128%	$1.7M	$470K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.7008	long leg	$8.6M	$1.4M	100x

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AEROUSDTMshort	+0.0100%	4h	0.6999	−0.128%	$1.9M	$1.3M	50x
Bitget AEROUSDT	+0.0100%	4h	0.7007	−0.014%	$4.1M	$2.0M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.7002	−0.086%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6991	−0.248%	$1.9M	$865K	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7008	0.000%	$225K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6993	−0.219%	$47K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6992	−0.230%	$20K	$4K	15x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0514% / S −0.0235%	1h	0.6991	−0.241%	$92K	—	100x	as long as short
RISEx AERO/USDC	+0.0517%	1h	0.7011	+0.046%	$214K	$595K	3x	as long as short
01 Exchange AEROUSD	+0.0536%	1h	0.7020	+0.173%	$190	$101	3x	as long as short
Hyperliquid AERO	+0.0670%	1h	0.7015	+0.100%	$23.2M	$5.9M	3x	as long as short
Backpack AERO_USDC_PERP	+0.0682%	1h	0.7003	−0.067%	$97K	$245K	15x	as long as short
Lighter AERO	+0.0928%	1h	0.7022	+0.204%	$1.3M	$393K	3x	as long as short