Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC−0.015%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.015%, 7d avg +0.008%

Together, before fees+0.036%+$4 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: OKX is 0.023% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AERO_USDT	0.6826	0.0100	pay 0.0050% / 4h	2h 45m	$8.3M	$1.5M	100x
Short	OKX AERO-USDT-SWAP	0.6825	0.0100	get 0.0050% / 4h	2h 45m	$2.2M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.008%: −$2.3
Slippage, 4 orders: −$28.01
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.31
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	0.73 bp	10.6 bp −$11	22.3 bp −$223	126.5 bp −$12.7K	doesn't fit
Sell OKX live order book, 2 min ago	0.73 bp	14.3 bp −$14	34.6 bp −$346	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
Deribit AERO_USDC-PERPETUAL	0.0000%	1h	0.6822	−0.059%	$54K	$11K	10x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+1.113%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6826	+0.002%	$22.6M	$5.3M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6827	+0.019%	$39K	$123K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6827	+0.008%	$25.8M	$25.0M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6824	−0.029%	$22.1M	$18.1M	25x	as long as short
OKX AERO-USDT-SWAPshort	+0.0100%	4h	0.6825	−0.015%	$2.2M	$5.8M	20x
Gate AERO_USDT	+0.0100%	4h	0.6819	−0.103%	$1.6M	$465K	75x	as long as short
MEXC AERO_USDTlong	+0.0100%	4h	0.6826	long leg	$8.3M	$1.5M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6823	−0.044%	$2.3M	$1.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6820	−0.088%	$4.0M	$1.8M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6826	0.000%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6818	−0.113%	$1.9M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6822	−0.051%	$206K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6820	−0.088%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6822	−0.064%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6833	+0.103%	$934K	$590K	25x	as long as short
Backpack AERO_USDC_PERP	+0.0359%	1h	0.6827	+0.019%	$93K	$259K	15x	as long as short
01 Exchange AEROUSD	+0.0368%	1h	0.6829	+0.044%	$185	$101	3x	as long as short
RISEx AERO/USDC	+0.0382%	1h	0.6825	−0.010%	$198K	$476K	3x	as long as short
Lighter AERO	+0.0424%	1h	0.6836	+0.152%	$1.3M	$506K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0504% / S −0.0237%	1h	0.6819	−0.104%	$89K	—	100x	as long as short
Coinbase International AERO-PERP-INTX	+0.1984%	1h	0.6400	−6.241%	$83K	$32K	25x	as long as short