Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0155%/8h= +16.9% APRpaid last 24h +0.041%

Price spread now: GMX against Gate+0.035%7-day average — · you sell dearer than you buy

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

Long on Gate 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—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.035% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AERO_USDT	0.6871	0.0100	pay 0.0050% / 4h	19m 30s	$1.6M	$479K	75x
Short	GMX AERO/USD [ETH-USDC]	0.6873	L +0.0518% / S −0.0255%	get 0.0032% / 1h	19m 30s	$90K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $32.46
Price spread: +0.035% → 0.000%: $3.54
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $9
Costs to cover: 0.270%
Break-even: 5.1 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	2.92 bp	90.6 bp −$91	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
Coinbase International AERO-PERP-INTX	−0.0360%	1h	0.6885	+0.204%	$88K	$37K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	+0.451%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6886	+0.224%	$42K	$127K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6890	+0.277%	$25.9M	$25.1M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6886	+0.218%	$22.4M	$18.0M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6889	+0.262%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDTlong	+0.0100%	4h	0.6871	long leg	$1.6M	$479K	75x
MEXC AERO_USDT	+0.0100%	4h	0.6885	+0.204%	$8.4M	$1.4M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.6881	+0.146%	$2.0M	$1.1M	50x	as long as short
Bitget AEROUSDT	+0.0100%	4h	0.6885	+0.204%	$4.0M	$1.9M	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	0.6885	+0.204%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6861	−0.148%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6882	+0.159%	$204K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6863	−0.118%	$46K	—	3x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0187%	1h	0.6874	+0.044%	$55K	$11K	10x	as long as short
Hyperliquid AERO	+0.0217%	1h	0.6894	+0.339%	$22.7M	$5.4M	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6887	+0.235%	$19K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6865	−0.087%	$940K	$577K	25x	as long as short
RISEx AERO/USDC	+0.0416%	1h	0.6884	+0.190%	$199K	$531K	3x	as long as short
01 Exchange AEROUSD	+0.0456%	1h	0.6893	+0.317%	$187	$101	3x	as long as short
GMX AERO/USD [ETH-USDC]short	L +0.0518% / S −0.0255%	1h	0.6873	+0.035%	$90K	—	100x
Backpack AERO_USDC_PERP	+0.0639%	1h	0.6884	+0.182%	$93K	$260K	15x	as long as short
Lighter AERO	+0.0808%	1h	0.6894	+0.332%	$1.3M	$394K	3x	as long as short