Settings8H · net · $10k
Funding arb · Price arb /

AERO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.042%
Price spread now: GMX against Variational Omni−0.388%50s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. GMX is 0.388% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.388% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 9.5 days of funding at the current rate (+$4 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni AERO0.69070.0100pay 0.0050% / 4h1h 54m$2.0M$1.3M
ShortGMX AERO/USD [ETH-USDC]0.6881L +0.0505% / S −0.0237%get 0.0030% / 1h54m 29s$90K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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

Funding earned
$28.72
Price spread: −0.388% → 0.000%
−$38.81
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee GMX: 6 bp × 2 orders
−$12
Net
−$22.09
Costs to cover
0.120%
Break-even
12.4 days
Slippage unknown: Variational Omni: RFQ quote, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 5 min ago4.34 bpdoesn't fit31.9 bp −$319doesn't fitdoesn'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 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AERO_USDC-PERPETUAL0.0000%1h0.6881−0.382%$55K$11K10xas long as short
Injective AERO/USDC PERP+0.0033%1h0.6902−0.078%$4$209K5.5xas long as short
Aster AEROUSDT+0.0100%4h0.6887−0.300%$39K$115K10xas long as short
Binance AEROUSDT+0.0100%4h0.6882−0.366%$26.1M$25.3M75xas long as short
Bybit AEROUSDT+0.0100%4h0.6882−0.367%$22.4M$19.0M25xas long as short
OKX AERO-USDT-SWAP+0.0100%4h0.6887−0.295%$2.3M$6.6M20xas long as short
Gate AERO_USDT+0.0100%4h0.6888−0.280%$1.6M$478K75xas long as short
MEXC AERO_USDT+0.0100%4h0.6888−0.280%$8.2M$1.6M100xas long as short
KuCoin AEROUSDTM+0.0100%4h0.6894−0.193%$2.1M$939K50xas long as short
Bitget AEROUSDT+0.0100%4h0.6884−0.338%$4.0M$1.9M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX AERO-USDT+0.0100%4h0.6885−0.324%$1.7Mas long as short
Variational Omni AEROlong+0.0100%4h0.6907long leg$2.0M$1.3M
Extended AERO-USD+0.0104%1h0.6882−0.366%$206K$2.0M10xas long as short
Aevo AERO-PERP+0.0104%1h0.6880−0.393%$46K3xas long as short
Reya AERORUSDPERP+0.0228%1h0.6882−0.373%$19K$4K15xas long as short
Hyperliquid AERO+0.0459%1h0.6891−0.235%$23.1M$5.1M3xas long as short
01 Exchange AEROUSD+0.0472%1h0.6890−0.256%$187$1013xas long as short
GMX AERO/USD [ETH-USDC]shortL +0.0505% / S −0.0237%1h0.6881−0.388%$90K100x
RISEx AERO/USDC+0.0540%1h0.6886−0.316%$214K$405K3xas long as short
Backpack AERO_USDC_PERP+0.1121%1h0.6896−0.169%$118K$282K15xas long as short
Lighter AERO+0.1256%1h0.6904−0.046%$1.3M$491K3xas long as short
Coinbase International AERO-PERP-INTX+1.0840%1h0.6912+0.067%$90K$36K25xas long as short