Funding arb · Price arb /

AERO

all AERO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3276%/8h= −358.7% APRpaid last 24h −0.730%

Price spread now: MEXC against Coinbase International+0.566%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−4.601%−$460 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. MEXC is 0.566% dearer against Coinbase International than usual: you sell high and buy low (spread +0.566% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$98 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AERO-PERP-INTX	0.6890	0.3376	pay 0.0422% / 1h	45m 53s	$90K	$35K	25x
Short	MEXC AERO_USDT	0.6929	0.0100	get 0.0050% / 4h	3h 45m	$8.3M	$1.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now +0.566%Rate

Funding earned: −$687.96
Price spread: +0.566% → 0.000%: $56.6
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$649.36
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 2 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	2.17 bp	10.1 bp −$10	19.6 bp −$196	128.4 bp −$12.8K	doesn't fit

Coinbase International: 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	+0.174%	$4	$209K	5.5x	as long as short
Hyperliquid AERO	+0.0100%	1h	0.6930	+0.578%	$23.2M	$5.1M	3x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6932	+0.612%	$40K	$118K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6927	+0.537%	$26.3M	$24.7M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6925	+0.508%	$22.5M	$18.1M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6932	+0.610%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6921	+0.450%	$1.6M	$462K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6929	+0.566%	$8.3M	$1.5M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6925	+0.508%	$2.1M	$930K	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6925	+0.508%	$4.1M	$1.8M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.6924	+0.493%	—	$1.7M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6924	+0.498%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6927	+0.538%	$211K	$2.0M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6920	+0.439%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6926	+0.521%	$19K	$4K	15x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0328%	1h	0.6927	+0.537%	$55K	$11K	10x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6917	+0.392%	$946K	$573K	25x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0507% / S −0.0237%	1h	0.6922	+0.466%	$90K	—	100x	as long as short
01 Exchange AEROUSD	+0.0568%	1h	0.6927	+0.544%	$188	$101	3x	as long as short
RISEx AERO/USDC	+0.0658%	1h	0.6921	+0.454%	$209K	$454K	3x	as long as short
Lighter AERO	+0.1104%	1h	0.6941	+0.736%	$1.3M	$487K	3x	as long as short
Backpack AERO_USDC_PERP	+0.1111%	1h	0.6936	+0.662%	$115K	$248K	15x	as long as short
Coinbase International AERO-PERP-INTXlong	+0.3376%	1h	0.6890	long leg	$90K	$35K	25x