Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.039%

Price spread now: GMX against Aster−0.152%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.152% cheaper against Aster than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AEROUSDT	0.6897	0.0100	pay 0.0050% / 4h	3h 27m	$40K	$118K	10x
Short	GMX AERO/USD [ETH-USDC]	0.6887	L +0.0507% / S −0.0237%	get 0.0030% / 1h	27m 23s	$90K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.152%Rate

Funding earned: $28.72
Price spread: −0.152% → 0.000%: −$15.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$6.53
Costs to cover: 0.200%
Break-even: 8.6 days

Slippage unknown: Aster: live order book, 23 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 Aster live order book, 23 min ago	5.05 bp	27.5 bp −$27	doesn't fit	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	+0.068%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6893	−0.062%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6900	+0.036%	$23.0M	$5.1M	3x	as long as short
Aster AEROUSDTlong	+0.0100%	4h	0.6897	long leg	$40K	$118K	10x
Binance AEROUSDT	+0.0100%	4h	0.6890	−0.106%	$26.2M	$24.8M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6888	−0.135%	$22.4M	$18.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6894	−0.048%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6891	−0.091%	$1.6M	$463K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.6892	−0.077%	$8.3M	$1.5M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6892	−0.077%	$2.1M	$930K	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	0.6890	−0.106%	$4.0M	$1.8M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6890	−0.106%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6915	+0.261%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6888	−0.138%	$210K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6888	−0.140%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6889	−0.117%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6898	+0.010%	$945K	$572K	25x	as long as short
01 Exchange AEROUSD	+0.0488%	1h	0.6895	−0.036%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0507% / S −0.0237%	1h	0.6887	−0.152%	$90K	—	100x
RISEx AERO/USDC	+0.0658%	1h	0.6890	−0.100%	$198K	$461K	3x	as long as short
Lighter AERO	+0.0992%	1h	0.6905	+0.109%	$1.3M	$488K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1094%	1h	0.6900	+0.039%	$115K	$248K	15x	as long as short
Coinbase International AERO-PERP-INTX	+0.3376%	1h	0.6923	+0.373%	$90K	$35K	25x	as long as short